Jul 31, 2011
Sen. McConnell: ‘Very close’ to debt-limit deal
“McConnell said the deal would call for an increase in the nation’s $14.3 trillion in borrowing authority plus $3 trillion in spending cuts. The debt limit would be raised in two stages, with some sort of mechanism to increase the ceiling again next year.”
You wrote: ““McConnell said the deal would call for an increase in the nation’s $14.3 trillion in borrowing authority plus $3 trillion in spending cuts.”
$3 trillion??? That’s nothing but a sneaky gimmick —in the works for a LONG time-— negotiated behind “closed doors” waiting to be presented at the last possible minute in order to stampede the FEARFUL into agreeing to be willing to vote for it. (Just like TARP)
July 30, 2011
Senator Harry Reid (D.NV) budget plan contains sneaky gimmicks for stealth tax increases ($3.8 trillion)
NOTE the reference to the ‘baseline’in the above-linked article...this refers to the ‘baseline budgeting’ scam run by the federal government and is the primary source of the upward curve of federal spending. The few ‘cuts’ we ever get are nothing more than reductions in the future growth of spending. Of course Congress will add additional increases to account for inflation and flavor of the month projects to their already assumed baselne. This also enables the Leftist DemocRATS to demonize those who propose spending cuts even though such cuts are always cuts in growth of spending; never actual cuts from a previous year.
Unless the electorate soon stops this crooked game that is at the foundation of our spending problems the whole thing will collapse under its own weight.
It’s very simple to fix. Demand that Congress simply wipe this manner of budgeting off the books. Its only been in effect since 1987 (when Congress amended the definition of the “baseline” so that discretionary appropriations would be adjusted to keep pace with inflation. They’ve just kept adding to the baseline.
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“We’ve Been Played for Saps, Folks: The Boehner Bill Will Become Reid Bill” ~ Rush Limbaugh
http://www.freerepublic.com/focus/f-news/2755346/posts
‘some sort of mechanism to increase the ceiling again next year.”’
The Dems want to structure the deal to make the increase politically impossible to stop: make debate futile and pointless and the media won’t cover the issue.
I can’t believe Boehner and McConnell would destroy their Party by agreeing.