Tag: Debt (page 3)

What an opportunity.   While Michelle Bachmann and Herman Cain get to answer questions about whether we should have seen a debt increase. Thad in New Hampshire doing the T-McC streaming not-the-debate show (I have already lost the link.) missing all the fun.

Of course it was a good way to avoid that question:

"WHY did you vote for the debt increase Congressman McCotter?"

We agree.

"Failed Obama Leadership Causes Historic Downgrade; Signals a Need to Curb Spending by Washington"

From Their release today:

LANSING -- In the aftermath of last week's historic downgrade of America's credit rating, Michigan Republican Party Chairman Bobby Schostak said today that any talk in Washington of raising taxes on Americans now is absurd.

"Last week's credit downgrade proves what Republicans have been saying since Democrats went on a spending spree with taxpayers' money in 2009: Washington has a spending problem, not a revenue problem," Schostak said, commenting on Standard & Poor's downgrade of American credit.

Congressman Tim Walberg issued a statement yesterday on the downgrade of the U.S. Credit Rating from AAA to AA+. The downgrade being an action that places the United States with a worse credit rating than at least 18 other countries. From the release:

Washington, DC- Today, Congressman Tim Walberg released the following statement after Standard and Poor's downgraded the U.S. credit rating to AA+:

"This downgrade is the result of a history of failure in leadership and fiscal responsibility by the President.  We have responded to the people's call to action and passed significant deficit reduction plans through the House, and we remain willing to make the tough decisions needed to put our fiscal house in order.  Let's use this moment to fix our nation's fiscal problems. I stand ready to work with those who seek the best America for the next generation."

I have been stewing on how best to continue trying to make a point here without continually beating up on those congress critters that we can better relate to, who once again screwed up.

The bottom line is bad decisions have to be called for what they are.  The wall of shame on the left will hang to remind all that good folks can (and will) royally mess up, and that even their friends (that would be this community) are willing to utter the unthinkable, that perhaps a life in public service is not a place for them.

One might think that when the public (as in the TARP situation) was 70% against the debt ceiling increase, and the disaster that followed demonstrated clearly that the decisions made were not good ones, well maybe repentance is in order?

Some lowlights:

• Kwame is free.
  
• Tea Partiers are now "terrorists" according to our VP.
  
• The balanced budget amendment no closer to reality.
  
• Unchecked US debt further cemented
  
• Republicans have once again lost credibility
  
• And the credit rating will now be worsened BECAUSE the congress cannot stop itself.
  
• Obama is one step closer to his goal of wrecking this country.
  
• And candidates supported by those aforementioned "terrorists", in the one vote that probably mattered most so far, blew it.

"Its ok billy, its not if you win, but rather how you lose."

Plan Includes $2.1T in Cuts and a Vote on the Balanced Budget Amendment

Washington, DC - Today, Congressman Tim Walberg released the following statement:

"The President with the support of the previous Congress has spent a trillion dollars on a failed stimulus and trillions on a government takeover of healthcare.  In less than a year, this Republican-led House has made significant progress to reverse course. We have passed a budget that cuts more than $38 billion for 2011, the first six spending bills for 2012 that return to pre-bailout, pre-stimulus levels, and the Ryan Budget that will save $5.8 trillion over ten years."

"Unfortunately, the president and majority in the Senate fail to understand the true meaning of fiscal responsibility, but with the pressure of the American people, we have at least brought them to agree to $2.1 trillion in spending cuts, including two-thirds of the discretionary cuts in the Ryan budget, and a vote on the Balanced Budget Amendment. The plan that passed tonight is one more step that Congress has taken to end the culture of government overspending and rapidly mounting debt.  But this is not the end, and it's clear a true solution will not occur until America has a fiscally responsible president.  I will continue to work to solve our government's debt addiction and encourage job creation so that America can maintain its greatness."

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If you are from Michigan, have a desire to meet a lot of new people and serve your country, NOW is the time.  A few hard workers with soul are needed in the following districts ... uh  well ALL of the following districts except Congressional District #3 which is occupied by Justin Amash:

"The Budget Control Act trades $21 billion in cuts next year for a debt ceiling increase of $2.1 trillion. That's one penny in cuts for each dollar of new debt. The bill does not seriously address the drivers of the federal government's fiscal crisis. It does not improve entitlement programs.

"It does not include a balanced budget amendment to the Constitution. I cannot in good conscience vote for so little reform when so much is at stake.

Again, the Michigan Republican delegation sans one, failed to perform its duty on the most important vote of their lifetimes.  They missed an opportunity to stand for a permanence of fiscal prudence.

MICHIGAN DELEGATION VOTE The complete list here

Democrats
Clarke, N; Conyers, N; Dingell, Y; Kildee, Y; Levin, Y; Peters, N.

Republicans
Amash, N; Benishek, Y; Camp, Y; Huizenga, Y; McCotter, Y; Miller, Y; Rogers, Y; Upton, Y; Walberg, Y.

As for those Democrats who voted no, they wanted even more from Boehner.  However, this president will take whatever rope he has been given and run with it.

If it is deemed appropriate to allow the debt limitation to be increased yet again, when will there be a point where it is enough?

At what point will the amount of our debt be so extreme, that you might find the courage to say "enough is enough?" $15 Trillion? $16 Trillion?  17? If you do not know, how can you possibly support this?

If it is thought default is being averted now, then at the point where more resources are being used for simply servicing the debt it would be harder, correct?  If not, please feel free to explain.  I am sure there is a receptive audience waiting for an explanation.

The Democrats from this state are those I would expect to capitulate with insanity.  Not the aforementioned (Republican) persons.

"I am acutely concerned for the direction of the country, and the current path of mounting debt for future generations.  I am working to achieve the largest possible spending cuts and long-term deficit reduction and spending reform.

We have made some significant accomplishments by passing a 2011 Budget that cut $38.5 billion in one year, the Ryan Budget that cut $5.8 trillion in spending over ten years, and the Cut, Cap, and Balance Act.  The president unfortunately repeatedly stands in the way of significant, necessary fiscal reforms.  I believe the Cut, Cap, and Balance Act is the best solution, but I am voting today to continue its basic principles moving forward to find a solution that reduces spending, encourages job creation, and advances a Balanced Budget Amendment."

OK.  Stop the increases with a simple statement of "Hell No Mr. President."

C'mon Tim.  Get this Republican delegation committed to another term of support by an intact base. Republicans that allow the debt to increase will face primary challengers in 2012.  Republicans who wish to appease the worst president in the history of the country will capitulate.