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August 01, 2011
The Insanity Of ‘Blockade Harry’....by Dr. Alan Bates, MD.
The Insanity Of ‘Blockade Harry’
by Dr. Alan Bates, MD.
The House has twice come forward with two common sense plans to CUT out-of-control federal spending, CAP the amount which can be spent annually by linking that to a percentage of GDP, and proposed a BALANCED BUDGET amendment to the Constitution. Harry Reid and his fellow addicts have not allowed either House proposal to come before the Senate for discussion; and neither Reid nor Obama has sent a written plan to the House as the artificial ‘August 2nd deadline’ approaches.
Meanwhile, the fear-mongering socialist-controlled pimp street media are trying to create hysteria amongst the American public in support of continuing Fedzilla’s spending addiction. Reid’s only ‘plan’ as scored by the CBO contains no true attempt to curb spending and balance the Federal budget and is therefore not a solution.
So whose fault is the failure to set limits on Federal spending by the artificial deadline? Consequences which arise from Fedzilla’s failure to meet this artificial deadline for ‘raising the debt ceiling’ will sit squarely on the shoulders of Reid and Obama and their dishonest media friends. Socialist Democrats have demonstrated their insanity by refusal to seek addiction treatment despite risking America’s financial solvency. Obama is even asking for another couple of trillion dollars to spend before his term is over! Here are a few facts for readers:
Fact 1: The United States has future financial obligations on the order of 114 trillion dollars to its own citizens in the form of entitlements as well as to its debtors which cannot be met no matter what happens regarding the ‘debt ceiling’.
Fact 2: The U.S. government pays out roughly 10% of its revenues to satisfy debt obligations and therefore is nowhere near a “default on the national debt” as Obama, the Democrats and the pimp street media hysterically report in order to create fear in the minds of average Americans in order to garner support for their spending addiction.
Fact 3: The current president has spent more money than the sum of all prior presidents combined. Obama and the Democrats have had no annual federal budget (which is required by law) for the past 2 years. Having no budget is blatantly irresponsible and just helps them to continue their spending spree.
Fact 4: Senate minority leader McConnell approached Obama in January this year warning that something must be done to avoid a default on Federal government obligations. Obama ignored that warning.
Fact 5: The debt rating services missed the subprime mortgage debacle and the 1.5 trillion dollar government bailout which should have led to debt downgrades. Only at this late hour do they threaten a downgrade which WILL happen regardless of the debt ceiling outcome because of reckless spending by the socialist Democrats and Obama. The only way to avoid a downgrade is to REDUCE SPENDING which the Democrats and Obama are resisting.
So far, only the Republicans, inspired by fiscally responsible ‘Tea Party’ members, elected last Fall, have been willing to treat Fedzilla’s spending addiction which has been accelerating towards insolvency and economic collapse. ‘Blockade Harry’ is doing Obama’s dirty work and they both need to get out of the way or We the People will do it for them!
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Wild Thing's comment..........
Good write up.
I have also noticed how Reid even more the Pelois will name drop that he has spoken with "The President". LOL It is so funny once you notice this to count how often he does this, it begins to stand out even more.
....Thank you Mark for sending this to me.
Mark
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67
Posted by Wild Thing at August 1, 2011 03:47 AM
Comments
Under their rule, there are no rules for themselves.
Under Reid and Pelosi, the 110th and 111th Congresses will go down as the most irresponsible, spendthrift, and destructive in American history.
The current 112th has begun the real hard work of reversing course.
Posted by: Carlos at August 1, 2011 05:36 AM
The Rating agencies should be downgraded. After how they have screwed up in the last ten years the responsible law makers should require either multiple rating agencies for any investment and provide insurance that their opinion will not fail. They also need to rate town and states based on how well the economies are really doing. S&P and Moody's also need to add a Ponzi grade to their Government debt ratings.
They could call it Madoff grade bonds.
Posted by: Avitar at August 1, 2011 02:50 PM
Carlos, well said that is so true.
"Under their rule, there are no rules for themselves."
Posted by: Wild Thing at August 2, 2011 04:26 AM
Avitar, good ideas.Perfect name too. how appropriate.
Posted by: Wild Thing at August 2, 2011 04:28 AM
