Sunday, September 15, 2013

The Debt Ceiling - Here We Go Again

Since Syria is off the table at least for now, Congress will again focus on the Budget and the Debt Ceiling.   This means the same dance that we have seen before.   Obama and his Socialist pals in government want to continue borrowing 40 cents of every dollar we spend adding to our $17 Trillion National Debt, with no end in sight.   Socialists also want to raise taxes on the "rich", which they already got last January.   Republicans want spending cuts in order to raise the Debt Ceiling again; a reasonable position.  Republicans also want to defund ObamaCare to kill the beast. 

Socialists will argue that government revenues are up as a result of the recent tax increase, so life is wonderful.  The problem is that they have already spent that money and then some.  In addition, that revenue increase is temporary, since it takes about two years for people to change behaviors to actually avoid those tax increases, which in the end will retard economic growth and job creation.  History is our teacher on all of this.  Higher taxes and increased regulation, the Socialist game plan, always slows economic growth and job creation.    We see it in the dismal jobs numbers and horrible GDP growth under Obama.  Most important, in addition to the $17 Trillion National Debt on the books, there is another $100 Trillion, or more off the books to fund Social Security, Medicare, Medicaid, ObamaCare and state and federal pensions.   These Socialists live in a fiscal dream world that will lead to a national Detroit. 

Stop the insanity.  The Blogger says shut it down.  Shut the government down if necessary to reign in spending and kill ObamaCare.   We are headed toward bankruptcy and economic collapse that could lead to the dissolution of the United States.   We simply cannot go on spending money that we don't have.   Once politicians of both parties figured out they could win elections by borrowing money to bring home the bacon, it began the fiscal insanity that we face today.   IT HAS TO STOP.!!! 

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