I am flabbergasted by the tactics of Obama and the Democrats. First, I never thought in my life that a person that opposes tax increases is now considered to be an extremist, but that is beside the point. There is one fact that must be reiterated when discussing the debt ceiling, the national debt, and the deficit.
Before the 2010 midterm elections, the democrat controlled house and senate, passed a budget that added somewhere between 1.5 and 1.6 trillion dollars to the national debt. The budget was signed into law by President Obama. True the 2008-09 budget that both Bush and Obama had their hands on was somewhere between 1.2 and 1.4 trillion dollars. But remember that without TARP the deficit for FY 08-09 would have been about 400 to 600 billion dollars (still an obscene amount of money, but less than half of Obama's 09-10 FY budget).
Since the '09 budget, the still democrat controlled senate has not submitted a new budget. This means quite simply that the government is stuck with the old gargantuan budget which includes adding about $1.6 trillion to the national debt.
What angers me most is that this president and the democrats are now talking about "shared sacrifice" as a means to force down the throats of the American people tax increases. I keep reading (Ezra Klein of the Washington Post is the latest) to say that "most economists" agree that the debt crisis can only be solved through a combination of tax increases and spending cuts. I reject this utterly false argument.
How does a government expand its spending by 100% in less than two years and then have the gall to tell us that they don't have enough tax revenue and need more?
Before I or any other reasonable conservative will consider that tax increases are necessary to balance the budget, what must happen first is that Congress and the President must cut spending. This does not mean to limit the amount of increase (which is a cut to people in congress). It means to spend less this year than you did last year. Increase the debt limit and gut spending to pre 2008 levels. Once you have demonstrated that you can exercise real fiscal discipline, then we can discuss additional revenue. If Americans fall for this ruse, and tax increases happen, there will be no cuts in spending.
Consider this. Since 1968 (and I dare say never in US history) has the US government's spending gone down from one year to the next year. Government always spends more. This has to stop.
From the Point of View of a Red State American
Monday, July 25, 2011
Truths in the Debt Ceiling Talk
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