Impeach obama.
Republicrats everywhere should listen. But they won't.
Ryan proposes to take what? Over 25 years to balance the budget? That's not good enough.
Pres__ent Obama calls that extreme and wants to spend more and jack up tax rates (most likely collecting less actual revenue). His plan(s) will never balance the budget. That's even worse!
Meanwhile, S&P is saying, "Stop the borrowing NOW! Your triple A rating is on the line."
The Republicans need to bring forth a better solution (more cuts) than the Ryan plan. They need to bring the budget into balance within 5 years at the outside.
On the debt ceiling increase, Boehner and the Republicans need to realize that, if they don't hold to the current debt ceiling, they won't get another chance to raise it in the future. If the Ryan plan is the best they can do from a budgeting perspective, they need to raise the ceiling enough to cover the 25 or more years of borrowing that their budget plan will require. Any Republican that voted for the Ryan budget and then votes for a lower debt ceiling is a LIAR and should be voted out of office in 2012.
Any Republican who actually votes to increase the debt ceiling to cover 25 more years of borrowing should be voted out of office for their fiscal irresponsibility. They clearly don't understand the biggest issue of the day.
The best scenario for the country would be to reopen the budget debate, pass a plan that will bring things in balance within ~5 years. Rand Paul, Mike Lee and Jim DeMint have a plan that meets that goal. I believe there is a House group that also has a similar plan.
Then, after passing a real plan (5 years or shorter to balance the budget) as our roadmap for budget reform, raise the debt ceiling to cover only the borrowing for that budget.
Then, both the House and the Senate should also pass a "balanced budget amendment" which requires spending cuts (not "revenue increases") to balance the budget if revenues fall short of budget projections. The best language would also require a super majority (2/3rds) in both houses to increase tax rates or create new taxation plans.
The budget won't balance without significant economic growth. We have a spending problem. We have reached the point where we can't tax our way to a balanced budget. It's time to face the facts and admit that we can't spend more than we earn. The debt will never come down until we face that fact.
Of course, Washington is totally deaf about this issue. The result will be our bond rating falling to junk status. The Federal Reserve will be basically forced to buy up our debt when the rest of the world won't. This will bring on horrible inflation. The US Dollar will no longer be the world's reserve currency. And we'll all hold $1 million (or larger) Federal Reserve Notes, which will buy a quart of milk or use a $10 million note to buy a gallon or two of fuel for your car.
Also Boehner and the House Republicans MUST pass ALL of the appropriations bills through the House. It would be best if this happened before September 1, 2011. That's THEIR JOB! We fired Pelosi and the Democrats because they refused to do that for the period they were in charge.
While that might be popular with hard core Republicans, it won't solve any of the fiscal problems.
GlockThe Vote wrote:
Impeach obama.
The House especially needs to address this. And it needs to pass by big enough margins that Pres__ent Obama wouldn't try to veto it (or the veto will be overridden).
This is serious. It will require serious action.
If the House can pass something that will actually resolve the debt crisis within 5 years or less, and either the Senate refuses to act, or the Pres__ent vetoes it, then we have a huge issue for 2012, and we can fix it at the polls at that time. Hopefully, S&P will hold off on a downgrade until we can get some serious adults into power.
Either Democrats are psychotic adolescent punks, intent on expropriating as much wealth as they can, or they have an agenda that calls for the downfall of the American economy.
Are there any other choices?
IMHO
When you’re out of money, stop spending. Period.
Guess we’d better get busy rearranging the deck chairs.
The “ratings” agencies, Moody’s and S&P, should have downgraded the US government 2 years ago. It is obvious to anybody that’s ever had to balance a checkbook, that our government and the so-called “leadership” is out to bankrupt and destroy the US. They WANT to crash the system.
Rattled? The markets should have dropped one or two thousand points on that news. The party really is over, there are no more options except a couple more minor commodity booms (like the present) and busts (coming soon). There is no political will to cut, in fact it's the opposite. In the last "compromise", a few fake cuts far in the future were bought using real pork like $150M for new cars for DC's money pit subway. My hardly novel conclusion is that the markets are propped up to keep the charade going and thus ensure the final crash is that much worse.
It needs to come apart before we can rebuild. We are only prolonging the inevitable at this point.
The stock market was not rattled. It dropped a mere 140 points on the Dow, less than several other cycles as it climbs a wall of worry.
Gold and Silver both climbed and the US$ actually strengthened a bit
Compare the situation with the opening of the Reagan administration. His solution was cutting taxes, enduring the deficit in short term for two decades of nearly uninterrupted economic growth.
Given Barry O's tactic of the Really Big Lie, and the "lackey" Legacy Media as his ever-ready echo chamber, it's possible the only opposition that must unseat him will need to relentlessly expose his lies and insecure true nature almost daily.
Given the ridiculous presidential primary tournament, will Republicans nominate someone who can do this or nominate an "above all that statesman?"
A true negative campaign, defined politically, is not about nasty advertising. It's about driving the indecisive middle from the race, in hope that, in the end, your participating base will be larger than the enemy's participating base.
Barry O is already engaged in that tactic, almost always a last resort of someone who's polls are in decline among the soft middle. In fact, it's generally acknowledged that Barry O has lost the Independents, and now hopes the moral stomach of Conservatives is too weak for hard ball campaigns. He appears confident, basically, that he can drink Conservatives under the table.
On every MSM channel this is being down-spun as the S&P worrying that the Rats and Rinos won’t reach an agreement. Nothing more.
I’m betting on hyperinflation because it is the easiest path for politicians. Regardless, we are doomed, and it is not about who is in office, it is about where we are in the cycle of the predictable collapse of economies.
Once people see the “Sans clothes” I think they will see inflation and spend their savings sooner rather than later which, when enough see this as a solution for their individual circumstances, we will have hyperinflation.
My hope is that on the “re set” we limit government to 2% of last year’s GNP.