Review: The Debt Ceiling and Economic Crisis Debate Rages On BY MARION ALGIER

Posted on July 27, 2011 by

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By Marion Algier

Obama Warns that the ‘World Is Watching’ As Boehner Says “No Blank Check”

Obama:

Good evening. Tonight, I want to talk about the debate we’ve been having in Washington over the national debt – a debate that directly affects the lives of all Americans.

For the last decade, we have spent more money than we take in. In the year 2000, the government had a budget surplus. But instead of using it to pay off our debt, the money was spent on trillions of dollars in new tax cuts, while two wars and an expensive prescription drug program were simply added to our nation’s credit card.

As a result, the deficit was on track to top $1 trillion the year I took office. To make matters worse, the recession meant that there was less money coming in, and it required us to spend even more – on tax cuts for middle-class families; on unemployment insurance; on aid to states so we could prevent more teachers and firefighters and police officers from being laid off. These emergency steps also added to the deficit.

Now, every family knows that a little credit card debt is manageable. But if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. More of our tax dollars will go toward paying off the interest on our loans. Businesses will be less likely to open up shop and hire workers in a country that can’t balance its books. (Yet it is Obama and his party who won’t support Cut Cap and Balance whose lynch pin is a balanced budget amendment… so go figure) Interest rates could climb for everyone who borrows money – the homeowner with a mortgage, the student with a college loan, the corner store that wants to expand. And we won’t have enough money to make job-creating investments in things like education and infrastructure, or pay for vital programs like Medicare and MedicaidPer Dick Morris, former Bill Clinton advisor, “No disrespect to the President (or the office) but Obama is lying!  There is enough money to pay the interest on our debt, social security, Medicare, Medicaid, the military and about 100 other things.  The things that wouldn’t get paid are things that most of us don’t care about… or is waste.” 

*BTW has anyone noticed that the FAA has been shut down for 4 days now? Has anyone noticed?  Planes are still flying.  Air traffic control and ground control are considered essential, as are safety inspectors.  The impasse has idled about 4000 government workers.  No one wants to see anyone lose their job but the funding for the FAA stopped but the world did not end.  And the world would not end if the TSA was cut back to using just those expensive machines we all paid for and some well-trained dogs and a few profilers.  (See and Hear Rest of Speech Below)

OBAMA SPEECH: TRANSCRIPT | VIDEO 

We’d give you the Obama Plan Explained… like below by Rush, but Obama has offered no plan

The closest Obama got to a plan was a Speech suggesting the cutting of $4 Trillion over 10 years… no details and the CBO said they can’t score speeches (which Obama knew).

Boehner:

Good evening. I’m John Boehner. I serve as Speaker of the whole House — of the members of both parties that you elect. These are difficult times in the life of our nation. Millions are looking for work, have been for some time, and the spending binge going on in Washington is a big part of the reason why.

Before I served in Congress, I ran a small business in Ohio. I was amazed at how different Washington DC operated than every business in America. Where most American business make the hard choices to pay their bills and live within their means, in Washington more spending and more debt is business as usual.

I’ve got news for Washington – those days are over.

President Obama came to Congress in January and requested business as usual — yet another routine increase in the national debt limit — we in the House said ‘not so fast.’ Here was the president, asking for the largest debt increase in American history, on the heels of the largest spending binge in American history.  (See and Hear Rest of Speech Below)

BOEHNER  SPEECH: TRANSCRIPT | VIDEO 

The Boehner Plan Explained
The Rush Limbaugh LIVE Radio Show Thread, Tuesday, July 26, 2011

The President, in his speech to the nation, urged a ‘balanced approach’ in the deal to raise the debt ceiling, while the House speaker responded that the GOP’s negotiations have been been thwarted by the White House.

The President again delivered a campaign speech yesterday using words that his pollsters told him would appeal to Independents (which are abandoning in droves) and then he went on to his usual routine:  blame Bush, scare seniors and stir the class warfare pot.  Obama’s speech droned on with the usual themes for fifteen minutes and then he asked those uninformed Americans who were listening to his speech, but hadn’t been following the events or just in the MSM, to flood Congressional phones and tell them to find a compromise by Geithners artificially created and ever moving deadline that “He” could sign.

Boehner delivered a concise 5-minute speech that covered all his points, probably the best speech of his career.  He reiterated that the House of Representatives have already come up with 3-plans and passed Cut, Cap and Balance.  The Senate thanks to Harry Reid didn’t allow a debate or due consideration of that bill, but had no bill of their own, until now at the 11th hour.  And the President also had no bill and kept changing the demands on the so-called Grand Plan.  And the craziness that keeps getting thrown around by the Obama and the Democrats that the GOP is not willing to compromise is total insanity.  Raising the debt ceiling again is a huge compromise on the part of the GOP, especially tea party supported and elected freshman.  Boehner even agreed to tax increases as part of the Grand Plan deal between Boehner, Reid and Obama and then Obama kept demanding more, which ended those talks and the deal.

This writer watched, read and listened to everyone’s review and responses to these speeches for hours yesterday into the wee hours of the morning including AB Stoddard, Steve Hayes, Neil Cavuto, Charles Krauthammer, Dick Morris, Sean Hannity, Bob Beckel, Sam Youngman, Senator Tom Coburn, Congressman Jason Chavitz, Senator John Thune, Senator Jon Kyl, David Plouffe, Greta Van Susteren, Rick Klein, Senator Jim DeMint, Senator John Barrasso, Mary Katherine Hamm, Congressman Rob Andrews, Senator Joe Walsh, Bill O’Reilly, Peter Barnes, Senator Lindsey Graham, GOP Candidate Gary Johnson and the list goes on… plus dozens of online sources.  The overall agreement by all is that we need to do something to stop the problem… our ‘spending addiction’.  Raising or not raising the debt ceiling really isn’t the issue.  It was also pretty much agreed that the only way to hold Washington accountable is to pass a Balanced Budget Amendment and although that will take years, we need to start the process now!  49 of the 50 states have a balanced budget amendment.

Senator Tom Coburn, who is part of the Gang of Six who have a proposal on the table, said that the best option out there is the Cut, Cap and Balance Bill that was passed last week by the House of Representatives in a bi-partisan vote, but Harry Reid killed it in the Senate, not allowing a debate.  And of the 3 deals on the table right now, Senator Colburn agrees that Speaker Boehner’s short term fix bill is the best but that they need to keep working on this between now and January 2012 and a Balanced Budget Amendment must be part of the final bill.  We also need tax reform and must attack the entitlement programs.

It was also sadly agreed by almost everyone that Obama has one focus and one focus only and that is the election in 2012 and that is why he wants the Reid deal, which will kick this issue down the road again until after Election 2012, after he hopes and plans to be re-elected.  Everyone else interviewed, Democrats and Republicans, said we need to deal with the issues now!  It was also pointed out that S&P and Moody’s threat to downgrade the U.S. credit must not really be as serious as it has been made out to be or the stock market would not have gone up Monday, internationally and in the U.S.  But if we don’t control our spending and get started on a Balanced Budget Amendment, the issue will explode in 2012; Obama hopes not until after the election.

As Speaker Boehner, Senator Tom Colburn, Senator Jim DeMint, Senator Joe Walsh, Senator Jon Kyl and Senator Thune and Barrasso and Congressman Jason Chavetz all said we must do what is right for the country, not the next election!  And it will be painful for everyone if done right, but not as painful as it will be if we do nothing or wait.  They all also admitted that no one person will get everything they want and that included President Obama.  Americans and especially the federal government, which let us face it is us, will have to tighten their belt and sacrifice even more than they already have to save America for our kids and grandkids. So, we have the right at this point to ask the tough questions (like: how many federal government employees are really needed? How many government agencies have a glut of positions and employees who are overlapping others or are unnecessary to running their agency.  How many whole programs and departments are unnecessary?  Why did everyone on the White House staff just raises?) get honest answers, and then be heard and listened to.

So when you hear craziness like below, your antenna should go up!!

Obama: “It’s Tempting to BYPASS Congress and CHANGE THE RULES ON MY OWN” (See Video) These words should make each of us shutter!!  Ever wonder where Obama gets these ideas from?  His socialistic globalist friends, that’s where from, including Bill Clinton: Use the 14th Amendment to raise debt ceiling and deal with the courts later says Democratic Senator who agrees with Clinton that Obama should Usurp Congress’ power and start a constitutional court battle.  See Video What needs to happen if Obama even thinks about this is the start of the impeachment process!!  “Use the 14th Amendment and Deal with the Courts Later” says this old bastard who agrees with Progressive globalist Bill Clinton.

On Monday before Obama and Boehner’s speeches Judge Andrew Napolitano on the Five talked about the fact that Obama or any president does not have the power to cover financial debt, raise the debt ceiling or the power to cover any financial issues or debt by using an Executive Order. Obama quotes the 14th Amendment to the U.S. Constitution as his reference and justification for his threat to execute and sign an Executive Order (EO) to raise the debt ceiling if the Congress does not do what he wants. According to the Constitution under the wise concept of separation of powers, the House of Representatives holds the purse strings and the Congress must initiate and pass any and all bills regarding funding and finances. The President’s only power is negotiation and to veto the bills sent to him. The provisions in the 14th Amendment were written to deal with unique issues caused by the Civil War and the execution of the Emancipation Proclamation that freed the slaves. The left keeps distorting the facts and the Constitution and wrongly applies the provisions to allow them to do whatever they want… not what is legal, Constitutional or what the American People want!!

And let us also consider, with the facts at hand, that what we (Americans) want or what America needs is probably ‘not’ raising the debt ceiling.  Kicking the can down the road will only make the pain worse or the problem beyond fixing.  Sounds like a globalist plan to me, opening the door to a new economic world order!

Wake-up and Stand-up America, while you still can!

h/t to the Fox Nation

Related:

Eat My Peas

Super Congress:  Echoes of Tyranny Rising

The Tea Party, Right About Everything!

Steve King on default: Obama could be impeached

Gone

The Super Congress Will Be – Like the Federal Reserve – a Non-Constitutional Committee: “The Super Congress Amounts To An Institutionalization Of The Gang Structure That Exists Informally …”

Video:  Your Government Gone Wild (Brother Can You Spare a Trillion?)

Please make sure you know the facts and then call your Congressman, Senator and the White House

Tell them all that we need Cut, Cap and Balance passed and signed by the President!

The Capitol Hill switchboard is 202-224-3121  – Washington Phone Lines Should Never Be Idle!

BTW… Speaker Boehner’s website went down after his speech from all the congratulations and positive response to his plan and speech

By Marion Algier

http://dailythoughtpad.blogspot.com/2011/07/review-debt-ceiling-and-economic-crisis.html ORIGINAL POST

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Posted in: Politics