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A tale of Promised Financial Melt-Down Debt Ceiling Nonsense and Happy Marxists.
July 26, 2011
Debt Ceiling Nonsense.
Vic Biorseth, Tuesday, July 26, 2011
The American debt ceiling nonsense is the current hot political topic. Everyone, on both sides, seems to see a legislated raise in the debt ceiling to be a fete accompli.
Why exactly is that so?
Raising the debt ceiling, and borrowing more to pay back what we owe, should be seen at once, by everyone, to be just plain stupid. We cannot borrow our way out of debt. How we first got tricked into beginning this ongoing political game of economic destruction I don’t know, but anyone with a lick of common sense should know that the first thing you do when you owe too much money is you stop borrowing any more money. Repeatedly borrowing more money to pay back money owed is just head-banging lunacy.
Yet even Republican leadership, and even many of the newer Tea Party Republicans, see a “need” and “no way around it” and a “duty” to raise the debt ceiling. Which just keeps getting raised, again and again. Why? So that we can borrow more money. Why do we need to borrow more money? Because we cannot pay back what we owe.
Lord, give me strength.
Note well that we do not have a revenue problem; we have monthly revenue now than ever before. What we have here is a spending problem pure and simple.
We have plenty of monthly revenue (income) to cover our debt and service the most vital needs of government without borrowing any more money and without printing any more money. There is not enough monthly revenue to cover all of the spending the Obamunist regime has saddled us with. There is a need to pick-and-choose what government nonsense and what entitlements cannot be fully funded after paying such necessities as military pay and retirement, social security, national security needs, etc. If we had a decent man in control of the check book, this would not be a problem at all, except in the short term.
All spending begins in the House. The budget comes out of Congress. The House submits a budget, the Senate approves it, and the President signs it. Then, the President holds the check book. He cannot spend more than the budget, but, he has wide leeway in deciding what to feed and what to starve in conditions such as those in which we find ourselves today.
In two years of total Marxocrat Party control of the House, the Senate and the Presidency, no budget was ever even submitted, let alone passed, because the Marxists in control did not (and do not) want any public visibility into what and where they were spending our money. The very idea of a budget, let alone a balanced budget, is anathema to them. The very idea of any controls whatsoever on what they do with the national treasure is repulsive to all Marxists. We are not operating under a budget today, and I believe that it a first in American history.
There will be no “melt down” if we stop borrowing money. We can still service our debt. The only way there could be a melt-down is if the President decided to not service our debt. The money is there.
If we lose our international credit rating temporarily that would not be the end of the world. We need to get our books in order. We should pay what we can, and not pay the least of the necessities of national continuance. Just doing that alone should help bolster and encourage business that is today terrified of any business commitment.
The question before us regards whether Comrade Obama, peace be upon him, will stop paying military pay and social security, as he has threatened. Everyone knows there is no need for him to do that. However, Comrade Obama is a Marxist, which is to say, he is an anti-American, He is not fond of America, he is not fond of our Constitution, and he is out to do us injury, if not destroy us.
Republican leadership believes he will not do that because he seeks reelection in 2012. I believe that he would like to be reelected, but if he is not, it is no big deal to him. He will do whatever harm he can to us between now and then, without gong to jail over it. He will not miss taking advantage of any crisis, and he might not miss even inventing a crisis to take advantage of. He doesn’t want to be our President so much as he wants to be our Ruler, or, failing that, our destroyer.
The real question is whether he has the nerve to do what he wants to do, which is, cut off social security, Medicare, military pay, etc., and blame it on the Republicans. That would bring about a real crisis; do you not agree? The Marxists want people in the streets and a loss of order. It’s what they pine for.
I told you before the 2010 election we needed to take the Senate in that election, because cases of impeachment are tried in the Senate, and we needed to impeach this guy. There is no way the current Marxist Senate would even entertain the idea of impeaching Obama.
So here we are. Fasten your seat belts.
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