I have got to hand it to them, the liberals do have an amazing ability to “multi-task’. Not only do they have the nation living on “borrowed time”, they have us living on “borrowed money” as well.. Then again, it may be the “promise” of acquiring more borrowed money.. It may be just “imaginary money”.. It is all so confusing but that is the point.
Have no fear apprehensive citizen of the Republic, “the Obama administration is confident Congress will raise the country’s debt limit by year end..” (“U.S. Treasury Confident Congress Will Increase Debt Ceiling” Bloomberg.com) In a time when the average middle class citizen can’t get a loan to buy a new home, our Congress can magically spend mythical mountains more of what it already doesn’t have. They will ask others (China for example) for more of what they really have based upon what the liberals will sequester from the middle class who seem to be without options at this point to stop the pilfering. If that Swiss watch of a plan fails, the left will just print more money which will be backed by nothing more than another Obama empty “promise” or two..
Having a “sustainable debt” per se isn’t necessarily a bad thing. If there are others who are willing to risk their own money to loan it to you, firm in the belief of your ability to pay it back on time, “debt” in the short term “pays” for both parties and several other collateral parties to boot. With the Obama administration doing everything in its power to eliminate both the free market and capitalism, as this administration continues to destroy jobs at over seven million and counting, we seem to be left with one prevailing question. Who in their right mind would be idiotic enough to lend Obama any money when there is no reasonable chance it will be repaid? Socialist governments do not MAKE money they TAKE money.
For those interested in the beginning of the timeline of the troubles created by the liberals that we are still suffering through, please refer to the last paragraph. “Who in their right mind would be idiotic enough to lend Obama any money when there is no reasonable chance it will be repaid?” Please note that this was the exact same “economic plan” put in place by Bill Clinton and Barney Frank during the days of “everyone gets a loan that they can never hope to repay because that would be FAIR”.. Loans were given without the possibility of repayment due to the “rampant discrimination” in the lending industry.. The weight of the collective liberal collectivist failures has caused this collapse. Period.
“The White House wants an increase of at least $1 to $1.5 trillion.. Record budget deficits are pushing the national debt closer to the $12.1 trillion statutory limit..” Any type of “limit” placed upon any liberal government is irrelevant. As we read on, we learn more of the dark and sinister ulterior motives behind this “request”..
“The administration’s request would get the government through the November 2010 midterm congressional elections without needing another increase..” There you have it.. They just want to move the goals posts so that the pressure can then be deflected to another imaginary non-issue so that they may have two more years to finally finish Carter’s work.. The liberal’s need to unearth another Mark Foley or Larry Craig in time has each of them pacing at the foot of their beds in their Bolshevik bloomers until the wee small hours of the morning..
“Treasury officials acknowledged they’ll need more borrowing room by year-end to avoid market disruptions..” So the liberals want to temporarily prop up the markets based upon the raising of the DEBT LIMIT just until the midterm elections have passed.. After that, they will raise the limit further, ask for more loans from China or print more valueless money.. What could possibly go wrong with any of those “plans”?
“The White House is open to any legislative vehicle that will raise the debt limit..” A few thoughts if I may.. “Legislative vehicle” in this sentence means “any stupid lawyer trick or tricks that can be transformed into seventeen thousand distraction-laden pages of balderdash and baloney that will be impervious to the scrutiny of the loyal opposition and will keep them busy until at least December of 2010..” We must keep in mind that when the liberals start talking about “legislative vehicles”, people like Deaddy Teddy are going to be doing the driving..
“Although the Obama administration has pledged to bring deficits down to ‘sustainable’ levels in the longer term..” The “definition of ‘is’ is” people are at it again. Define “sustainable”. Define “the longer term”. When Obama and crew are speaking of debt the likes of which no one has ever seen before, how can they possibly determine the parameters of “sustainable”? Is there a less flaccid term than “the longer term”? Is there any possibility that Obama could explain in detail the “timetable for withdrawal” or the “exit plan” that the administration has relative to their War on America? These two little “hot buttons” used to be so popular a short time ago within the liberal lexicon, why not resurrect them and dust them off for old time’s sake?
“Congress understands the stakes and doesn’t want to fuel investor concern..” Allow me to properly rephrase the last missive.. “The Demokratically controlled Congress understands the stakes and wants to fool concerned voters going into the crucial midterm election..”
“The Senate Budget Committee has proposed a commission to look into the nation’s fiscal health..” There’s the ticket.. In liberal land, there is always time to “form a committee” or “have a workshop” or “have a roundtable discussion” or to “put together a panel to empower..” The bottom line is, if anyone in Washington wants to take a peek at the “nation’s fiscal health” while Obama is in office, you had better place a call to the coroner..
“Forecasting a precise date for a debt-ceiling collision is difficult because the government’s cash flows are ‘volatile’.” With a government firmly focused on the destruction of jobs, the apparent volatility in question is based upon the amounts of taxes that the liberals can embezzle, plunder and otherwise swipe from a middle class that they are bound and determined to eradicate. It is genocide by any other name..
“The department said it could need extra immediate cash because there’s so much uncertainty surrounding incoming taxes and outgoing spending..” “COULD”!! This administration, allegedly founded upon the principle of “transparency”, is all about aggravating and exaggerating “uncertainty”. “Uncertainty” begets the inevitable “epidemic” that only immediate “action” can rectify.. With Obama there are two things that are ABSOLUTE CERTAINTITES. “Incoming taxes and outgoing spending..”
One has to hearken back to 1995 where Newt Gingrich and the REPUBLICAN controlled Congress told liberal Bill Clinton to back off and the government was “shut down”. The reason that Clinton had to listen was the success of the “Contract with America” from 1994, which swept the liberals out of power in both the House and Senate for the first time since 1953. After all of the overwhelming evidence of the malfeasance of the Obama administration, is it at all possible not to recognize that the left has a “Contract ON America”?
The Obama administration may be “confident” that Congress will raise the debt limit, but I am “confident” that they are doing so simply to remain in power past 2010, regardless of the consequences to the future of what was once the United States of America..