we need to cut spending NOW, to have any chance of avoiding a rating downgrade, that will cost us billions more in interest.
Bush ran deficits of .4 trillion. not 1.6 trillion.
there is NO earthly reason, for the deficit to have tripled since 2006. we need to return to the 2006 budget, NOW.
(it actually BALANCES with current income!)
if we pass a temporary bill, the dems and MSM will run scare tactic campaigns, against ALL interest groups.
which will SUCCEED.
the only way around it, is to cut NOW, and make the interest groups COMPETE, instead of cooperate to keep spending big.
in 2012:
“So that becomes the new normal. Now, if we control all three branches, all three branches will have to deal with almost $17 trillion in immediate debt rather than trillions less, and the political situation is not going to be any better in dealing with it.
Let’s just advance forward and let’s say we do win the Senate and we do win the presidency in 2012, but we’ve added $2.5 trillion in debt between now and then.
The political situation is not going to be any better in terms of dealing with the debt. Plus we’re going to have to deal with entitlements as well. None of this does. “
Let the dems run out the clock and trigger the default. It might be messy but it’s the quickest way to CUT spending and bring down the debt. The way things are going even if we get boehner’s bill passed, we will still have the same problem with the debt.
The creditworthiness of the US is already weakened. Every analyst knows it. It doesn’t take the rating agencies to tell people what kind of state government finances are in. How much longer the rating agencies wait before acknowledging the obvious just depends on when Obama will allow them to announce the obvious.
If Obama can cut a deal that gets him past the election, then he removes out-of-control spending and debt as an election issue.
The Dems win if the election is about personalities and platitudes, because of the power of the MSM and the entertainment industries.
The only way we win is if the electorate is forced to rub their faces in the question of out-of control government bankrupting us during the election season.
Get us to next fall, and let’s have the real fight on spending and the size of the government at a time when the fight does not just involve politicians in Congress and Obama, but the American voters as well.