President Obama and the Democrat Party are Stuck on Debt

Hat tip goes to www.TownHall.com for posting the following timely and insightful cartoon depicting the major culpret causing America's Fiscal Chaos:

The Fiscal Cliff in Terms of a Family Budget

Hat tip goes to David Limbaugh and Ken Gardner @kesgardner who tweeted the following picture, which is a clear depiction of the fiscal situation existing in America today under President Barack Obama.

What household could sustain such irresponsible management of its finances? Then why do we accept such mismanagement by our government?

The simple solution is to cut spending, stop borrowing, and live within our means. For nearly four years the U.S. Senate has refused to submit a budget. They do not want to make the tough decisions that are necessary to balance revenues and expenses, like any credible organization or individual household must.

The President and both political parties in  Congress lack the courage to deal with the problem. They continue to postpone the actions and steps necessary to deal with the problem and avoiding any repercussions that may result from those decisions. They want to maintain their cushy jobs, power, and prestige.
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Five Reasons to Vote NObama NOw or in November

I have some very serious reservations regarding Governor Mitt Romney. This election season we are faced with two very sorry, poor, less than optimal choices for President of the United States. However, there is one of the two candidates who is absolutely unacceptable. Janet Porter's video below clearly describes why I will be voting NObama in November! I will not like it, but I will mark the ballot for Governor Romney.

 

The top five reasons Barack Obama should not be re-elected as President include:

·         Life - There is no question of where President Obama stands. He even believes in partial abortion. He voted three times against the Born-Alive Infant Protection Act. He turned his back on the will of the people and forced abortion to be included in ObamaCare. ObamaCare creates the Death Panel, who will prescribe what treatment Americans may or may not

·        Marriage Corruption – Obama believes that same-sex couples should be able to get “married.” Chick-filet values are not Chicago values – Rahm Emanuel, and thank God they are not!

·         Israel – Obama could not meet with the Prime Minister of Israel, he was just too busy with David Letterman…

·         Freedom – What did Obama do when Islamist Jihadists murdered our Ambassador? He spent $100,000 for ads apologizing for the video, which they said caused the “protest.”

·         America – 46 million Americans are on food stamps, a 70% increase from 2007.

Two more reasons include:

Amnesty – Obama champions open borders and the Dream Act. He continues not to enforce immigration laws.

Massive Debt and Deficits – The Obama administration has undertaken unrestrained spending without living within a budget. What budget?  The Democrat controlled Senate has not approved a budget in nearly three years.
 

What Obama Should be Reading on the Beach!

The Wall Street Journal had an online article, "Obama's Beach Reading," today. Apparently Dear Leader is reading an eclectic assortment of books he picked up at the "Grapes of Wrath" bookstore there on highfalutin Martha's Vineyard.

My suggestion is that he'd put aside the other tomes and pick up one book, besides the Bible, that might truly enlighten him on a subject he has demonstrated he knows absolutely nothing about:

The Great Gampaigner Gets on the Bus to the Midwest

Quote/Unquote

Hat tip goes to @TriciaNC1 for her tweet which include this great line:

The Barack Obama Midwest trip is the 'Debt-End Bus Tour' in new campaign. - Republican National Committee (RNC), Read more here. 

Is Black Monday on the Horizon?

Hat tip to Anthony Martin, for his article, “Ahead--BlackMonday, 2011?" In the Conservative Examiner.

Barack Obama, John Boehner, Harry Reid, Mitch McConnell, and Nancy Pelosi you own the debt downgrade debacle. Now you must wear it. Now you must fix it without more taxes ... You are all Beltway Addicts addicted to SPENDING. You need a major intervention. One such intervention will be the elections in May and November 2012. You are warned ...

Furthermore, this Deficit and Debt is not a Lack-of-Tax problem it is an OVER-SPENDING problem. You spend money you do not have. You are spending on things that we do not need. You continue to borrow beyond our means.

Budget 101:

If we have 2.4 T in Income

if we spend 3.8 T

Then we have a Deficit or Shortfall of 1.4 T

What about this picture do you Mr. President, John Boehner, Harry Reid and the rest of Congress not understand? Simply, our expenditures should be limited by our income. Respectfully, I ask are you all smarter than a fifth grader? I sure doesn't seem like you are based on your actions ...

Please Sign "The One Cent Solution" Petition

One of the more meaningful and sensible and practical approaches to limiting the debt, which is even better than the Cut, Cap and Balance Plan rejected without discussion or consideration by Harry Reid's Democrat controlled Senate is Representative Connie Mack's Penny Plan. In the Senate Sen. Rand Paul and others have sponsored the bill in the Senate. It is too simple straightforward and meaningful for the establishment to deal with apparently. They chose the worthless, meaningless and pitiful Obama-Boehner-Reid-Mitchell Debt Increase Bill instead.

The Once Cent Solution

We are calling on Congress to adopt the One Percent Spending Reduction Act of 2011 (H.R. 1848/S. 1316) and reduce overall federal spending by 1% per year — one cent for every dollar it spends — for the next six years. By enacting this legislation, Congress can:

• Balance the budget by 2019
• Reduce federal spending by $7.5 trillion over 10 years
• Reduce the debt by $3.4 trillion over 10 years

You can sign this petition and learn more about it here.

http://www.OneCentSolution.org/

Few Congressional Leaders Resist Business As Usual

The U.S. Senate, unfortunately, passed the explosive Expanding-the-Debt Bill. It was beyond flawed, it embeds the status quo and mediocracy into law. Painfully, I have been following on CSpan much of the workings (or misfirings) of Congress the past 96 hours. It has been a very stress filled undertaking and in some ways, I'm looking forward to get back to work from my vacation. 

Here is how my two Ohio Senators voted. Rob Portman seems to be following in the RINO ever-wavering footsteps of his predecessor George Voinovich.
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VOTING YES TO MORE DEBT, NO TO FISCAL RESPONSIBLITY:. 

· Sherrod Brown (D)
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· Rob Portman (RINO)

Shamefully, there were 28 members of the GOP who voted “Yes” for this bill to bless the increase of the debt with no real substantive spending cuts. .
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VOTING NO TO DEBT, YES TO FISCAL RESPONSIBLITY:

The following 19 people, for the most part see the great shortcomings of the bill and voted NO.

· Kelly Ayotte

· Saxby Chambliss

· Daniel Coats

· Tom Coburn

· Jim DeMint

· Lindsey Graham

· Charles E. Grassley

· Orrin G. Hatch

· Dean Heller

· James M. Inhofe

· Ron Johnson

· Mike Lee

· Rand Paul

· Marco Rubio

· Jeff Sessions

· Richard C. Shelby

· Patrick J. Toomey

· David Vitter

  '

Among these 19 there is a core of statesmen (and woman) leaders upon who the Tea Party Movement can build on and rely on in preparing for the next election cycle. As the actions of the House and Senate indicate this week we do need a much greater number of constitutional conservatives in Congress if we expect to see real change take place. We must rid Congress of the faux conservatives like Speaker John Boehner and Mitch McConnell who disgrace conservative principles and use the Tea Party activist gain power and then ignore them to maintain business as usual.  

Rand Paul: Why I Oppose the Debt Ceiling Compromise

Hat tip goes to Rush Limbaugh who quoted from Senator Rand Paul’s open letter on Rush’s show this afternoon. Here is the Senator Rand’s letter regarding the just passed Obama-Boehner-Reid debt ceiling increase bill..

Aug 1, 2011

WASHINGTON, D.C. - Today Sen. Rand Paul issued an open letter on the subject of the debt ceiling compromise facing the Senate. Below is that letter.

To paraphrase Senator Jim DeMint: When you're speeding toward the edge of a cliff, you don't set the cruise control. You stop the car. The current deal to raise the debt ceiling doesn't stop us from going over the fiscal cliff. At best, it slows us from going over it at 80 mph to going over it at 60 mph. 

This plan never balances. The President called for a "balanced approach." But the American people are calling for a balanced budget.

This deal does nothing to fix the overreaches of both parties over the past few years: Obamacare, TARP, trillion-dollar wars, runaway entitlement spending. They are all cemented into place with this deal, and their legacy will be trillions of dollars in new debt.

The deal that is pending before us now:

§  Adds at least $7 trillion to our debt over the next 10 years. The deal purports to "cut" $2.1 trillion, but the "cut" is from a baseline that adds $10 trillion to the debt. This deal, even if all targets are met and the Super Committee wields its mandate - results in a BEST case scenario of still adding more than $7 trillion more in debt over the next 10 years. That is sickening.

§  Never, ever balances.

§  The Super Committee's mandate is to add $7 trillion in new debt. Let's be clear: $2.1 trillion in reductions off a nearly $10 trillion,10-year debt is still more than $7 trillion in debt. The Super Committee limits the constitutional check of the filibuster by expediting passage of bills with a simple majority. The Super Committee is not precluded from any issue, therefore the filibuster could be rendered moot. In addition, the plan harms the possible passage of a Balanced Budget Amendment. Since the goal is never to balance, having the BBA as a "trigger" ensures that the committee will simply report its $1.2 trillion deficit reduction plan and never move to a BBA vote.

§  It cuts too slowly. Even if you believe cutting $2.1 trillion out of $10 trillion is a good compromise, surely we can start cutting quickly, say $200 billion-$300 billion per year, right? Wrong. This plan so badly backloads the alleged savings that the cuts are simply meaningless. Why do we believe that the goal of $2.5 trillion over 10 years (that's an average of $250 billion per year) will EVER be met if the first two years cuts are $20 billion and $50 billion. There is simply no path in this bill even to the meager savings they are alleging will take place.

Buried in the details of this bill is the automatic debt limit increase proposed a few weeks ago. The second installment of the debt ceiling increase is initiated by the President automatically and can only be stopped by a two-thirds vote of Congress. This shifts the Constitutional check on borrowing from Congress to the President and makes it easier to raise the debt ceiling. Despite claims to the contrary, none of the triggers in this bill include withholding the second limit increase.

Credit rating agencies have clearly stated the type of so-called cuts envisioned in this plan will result in our AAA bond rating being downgraded. Ironically then, the only way to avoid our debt being downgraded and the resulting economic problems that stem from that is for this bill to fail.

This plan does not solve our problem. Not even close. I cannot abide the destruction of our economy, therefore I vigorously oppose this deal and I urge my colleagues and the American people to do the same.

Sincerely,

Rand Paul, M.D.
United States Senator

How Ohio Reps Voted - Roll Call on the Ignoring Reality Debt Bill

Voting for the monstrous Obama-Reid-Boehner-McConnell Raise-the-Roof-for-more-Debt Bill:.
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Austria (R) Aye
Boehner (RINO) Aye

Chabot (R) Aye
Gibbs (R) Aye
Johnson (R) Aye
LaTourette (R) Aye
Latta (R) Aye
Renacci (R) Aye
Schmidt (R) Aye
Stivers (R) Aye
Tiberi (R) Aye
Turner (R) Aye

Fudge (D) No
Jordan(R) No
Kaptur (D) No
Kucinich (D) No
Ryan (OH) No
Sutton (D) No

And here is how the three presidential candidates voted on the bill:

McCotter (R) Aye

Bachmann (R) No
Paul (R) No

Updated 8/2/2011

A song about the national debt, "You are gonna pay"

Hat tip goes to @ReasonMag, which posted a link to the YouTube video below in a recent tweet.

Washington Spending 101: How to Stop the Explosion of Debt

I have been participating the past two weekends in a #twitterTeaParty. Here is one of my tweets: .
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#Budget101

Income @ $2.4 T

+

Spending @ $3.8 T

=

Deficit @ - $1.5 T

Hey, @BarackObama, @JohnBoehner, @SenatorReid WHAT DON'T YOU GET?

What don’t the entrench poluticians get about this basic lesson in economics. Their proposals (both Speaker John Boehner’s bill and Majority Leader Harry Reid’s bill are inadequate.

They join many other members of the United States Congress who are http://www.BeltwayAddicts.com!!!

Here is a great video from the Republican Study Group (RSG):

Congressman Connie Mack's "Penny Plan" to Attack Federal Deficit/Debt

Hat tip goes to Sean Hannity for making his audience aware of an approach to the Federal Deficit/Debt crisis. U.S. Representative Connie Mack of Florida authored the Mack Penny Plan.

Here is a July 22 Press Release from Congressman Mack’s website that outlines his legislation:

... Mack Plan to Balance the Budget within Eight Years


WASHINGTON- Today, Congressman Connie Mack (FL-14) welcomed the support of Freedom Works for the “One Percent Spending Reduction Act," legislation – also known as the "Penny Plan" – that was introduced by Senator Mike Enzi (R-WY) last week, and authored by Congressman Connie Mack (R-FL) last spring in the U.S. House of Representatives.


Mack stated: “I am proud to have the support of Freedom Works and the great work of their Chairman, Leader Dick Armey. Our deficits and debt hang around us like an albatross, and last November American voters sent a clear message to their elected officials that ‘enough is enough’ when it comes to Washington’s appetite for spending.”


Presently the Mack Penny plan enjoys the support of over 40 co-sponsors in the U.S House; the backing of the Republican Study Committee’s 103 Members, three key U.S. Senators, and two grassroots organizations .


The Penny Plan balances the budget by:


• Cutting total federal spending by one percent each year for six consecutive years,


• Setting an overall spending cap of 18 percent of gross domestic product in 2018, and


• Reducing overall spending by $7.5 trillion over 10 years.


If Congress and the President are unable to make the necessary cuts, the bill’s fail-safe triggers automatic, across-the-board cuts to ensure the one percent reductions are achieved.


Matt Kibbe of Freedom Works stated: “Washington is on an unprecedented spending binge. Our national debt has skyrocketed to nearly $14.4 trillion. The Republican Study Committee has listed the One Percent Spending Reduction Act as a bold solution in their “Cut, Cap and Balance” proposal letter to House leadership. The letter states that it would be fiscally irresponsible to raise the debt ceiling without immediate spending cuts, enforceable total-spending caps and a balanced budget amendment. Rep. Mack’s “penny plan” should be considered as the second part of the RSC’s “Cut, Cap, and Balance” approach for the debt ceiling in order to put federal spending on the path to a balanced budget.”

This plan is much better than anything else I have seen to date. It is worth serious consideration discussion in both Houses of Congress. However, it may be too simple and make too much sense for our spending addicted Congress to grasp …

This is "National Government Spending Addiction Intervention Week"

If June is declared and celebrated by our nation’s president as “Support Sodomy Month,” then we certainly should at least recognize that Washington, District of Corruption is equally deserving of its own week! Some in the patriot movement have designated the week beginning July 25th as "National Government Spending Addiction Intervention Week.”

How appropriate comparing America’s government to a hard-core drug addled addict. Instead of alcohol, heroin or cocaine, Congress' and recent Presidents’ drug of choice is SPENDING. See the excellent video, SPENDITOL, which I posted the other day and which dramatically spotlights our governments’ drastically disabling condition.

Entrenched politicians, like Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, even Speaker of the House of Representatives John Boehner, and of course, without question, former Speaker and current Democrat Minority Leader Nancy Pelosi, have as their default position – spending. They just gotta have more money to feed their voracious habit. All of the current proposals are unacceptable. The new Boehner Plan, the Reid Plan, and the McConnell Plan do not provide enough short-term budget cuts. They all kick the can out of the Milky Way.

I encourage you to check out two outstanding websites, namely


http://www.BeltwayAddicts.com


and


http://www.PreDeclined.com

Please join me in providing intervening and wakeup calls, e-mails, tweets, FB posts, faxes, telephone calls, letters, etc to our derelict President and members of Congress smitten all with the overwhelming lust to spend our money, China’s money and other moneys that they really don’t have …

One Patriot's Plan to Attack the Federal Deficit/Debt

After following yesterday’s fiasco in the Senate where Democrat Majority Leader Harry Reid chided and belittled the Republicans for proposing such a comprehensive, realistic though imperfect plan (as Cut, Cap and Balance) to deal with our national deficit and debt, I decided to develop my own common sense plan. This plan roughly follows the Cut, Cap and Balance structure of the Republican House passed bill. See what you think.

This is also partially in response to lack of any White House or the Senate plan for dealing with the deficit/debt. Actually the Senate has not even proposed nor produced a budget for over two long years. Although they had the time to push through an inordinately irresponsible, costly, unnecessary so-called health care “reform” bill, which turns out to be just an expansion of big government control.

Part 1

Given that Congressional or Presidential commitments, though foolish, negligent and reprehensible as they may be, have incurred debt that must be repaid. I think that the President is asking for $2.4 Trillion. Given his track record, he should not be given the amount he requests. I took a number, $1.7 Trillion which would increase the Debt Ceiling to the ridiculous amount of $16 Trillion. That is $1.7 more than Congressman Ron Paul would bequeath to our irresponsible President and Congress. However, we have to have some starting point. I do attach some caveats on the increase in the Debt limit, though.

First, it should be stipulated that the debt ceiling increase should be FROZEN by law at the $16 Trillion figure. Furthermore, it should be legislated that it would take ¾ of both houses of Congress and the President’s signature to ever increase that amount in case of an unforeseen happening.

Second, and here is the tough part for Congress, that increase must be offset by 1/3 cut of the Debt Limit increase, (the $1.7 Trillion) to government spending in FY 2011/FY 2012. This means that the President and Congress would have to come up and approved $570 Billion in cuts over the next 15 months. In addition, the FY 2013 budget must be trimmed 2/3 of the $1.7 debt limit increase, or $1.4 Trillion. This gives the President and Congress over a year to prepare for some very significant cuts. Maybe this will take their lustful eyes off more spending …

Both of these provisions would be codified in the law. All of these items would be included in the Stop the OverSpending Act of 2011 (SOS).

Part 2

Starting with FY 2014 government spending must be reduced to no more than 20% of the Gross Domestic Product (GDP.) (It amounts to more than 24% now, thanks to spendthrifts in the White House and 111th Congress).

That’s not all. The Debt Ceiling limit, instead of increasing as in past years, now there must be regular reductions in the overall Debt Ceiling limit. Commencing in FY 2014 the Debt Ceiling will be ratcheted downward by a $1 Trillion. This would occur annually until there would be no Debt Limit.

Both of these provisions would be codified in the law. All of these items would be included in the Stop the OverSpending Act of 2011 (SOS).

Part 3

The final portion of the plan would be to pass a Balanced Budget Amendment by FY 2020. If the Amendment is not passed by then the Stop the OverSpending Act would mandate that government spending must be reduced an additional 1% each year that the Amendment is not passed. This would give both the Federal and the State legislatures an incentive to get the Amendment passed.

I offer his plan to help Congress to get off dead center, to get off the fence, to encourage Congress to stop kicking the can down the proverbial road and deal with this true man-made disaster, our rampant national deficit and debt.

This plan is serious. Therefore, it will take a massive effort to accomplish it. I do not know whether the complacent Congress and the pandering progressive President have the will to do what is necessary to right the ship. Only if they do something significant, the the plan outlined above is there hope for America. Anything else takes us on the sure path to bankruptcy and ultimate destruction.  

I will forward this plan to Speaker Boehner.

McConnell, Boehner: Don’t be chickens, but do Cut, Cap and Balance!

Hat tip goes to AmericasBestChoice.blogspot.com, where I first saw this YouTube video.

Cut, Cap, & BALANCE – Getting the Complete Picture

Hat tip goes to my Representative U.S. Representative Jim Jordan, (R-OH-4), and his conservative Republican Study Group (RSG) which produced the video embedded below. The video deals with how to handle the massive deficit, debt and Democrat desire to again raise an already dangerously high and going-through-the-roof debt ceiling.

As RSC Chairman Jim Jordan and House Majority Leader Eric Cantor wrote in their USA Today op-ed today:  

…Always a concern, the national debt has grown into a malignant cancer on our economy. Attacking this cancer at its root means cutting spending. If we do not, the U.S. will face a job-killing debt crisis within just a few years.

Promises, Promises - Near-term spending cuts are necessary to alter the course, but they will not be enough without long-term changes. Likewise, promises of cuts 10 years from now mean little without a way to enforce them. The only way to truly guarantee delivery from future politicians is if the Constitution demands it. That's why the House will vote next Wednesday on a balanced budget amendment that would require supermajorities in both chambers to run a deficit, raise the debt ceiling, raise taxes and spend more than 18% of GDP…

DON’T Raise the Debt Ceiling, Cut & Cap Spending!

www.CutCapBalancePledge.com

We Gotta Stop the Tax and Spenders in Both Parties!

On Tuesday, the day after the Independence Day holiday the USA Today ran an editorial, “GOP rigidity on taxes threatens debt deal.” I took that editorial as to be heavily slanted or biased toward the Democrat Party position. What impressed me was that they simultaneously published an opposing view offered by Grover Norquist, president of Americans for Tax Reform, titled, “Just say no to higher taxes.” Here is an excerpt of what Norquist said his opposing editorial.

Barack Obama became president the federal government was spending $2.9 trillion a year of taxpayer money. Today, less than three years later, federal spending has jumped to $3.8 trillion each year. What are we getting for the extra $1 trillion spent in our name each year? Chicago-style government. Taxpayer-funded goodies for the politically connected.

…While Americans lucky enough to work (unemployment has increased from 7.8% on his inauguration day to 9.1% today) earn an average of $60,000 a year in salary and benefits, federal workers now average more than $120,000 in salary and benefits. Obama is Robin Hood in reverse.

What we receive for Obama’s wasted trillion-a-year in new debt, piled atop mounting trillions, is a gangster government. We got an ever growing government which rewards its gumbas for their faithful support with our hard-tax dollars.

Now is the time for the Republicans to stand and to emphatically say “No” to the tax and spenders. We have reached beyond the end of the road and must begin to correct our course now, while we still can. We are counting on the House of Representatives to take the lead because it seems that leaders of both parties will not or cannot lead in this battle.

Budget Battle: Dems trying to game GOP

“The game is simply how much can the Obama, Pelosi, Reid axis of fiscal evil game the Republicans. How much can they get the GOP to give up? What can they do that might give them a shot at turning 2012 from a disaster to only a bad year?


“… Obama, Pelosi and Reid know what they want. They want fictional budget cuts that will be played out over years in the future. They want these delayed budget cuts that can be undone by future congresses. They also want tax increases. ” --- Judson Phillip, in the www.TeaPartyNation.com article, "The game is afoot," 7/5/2011.

In the article quoted above the author expresses the hope that House Speaker Boehner will not get suckered or played by the axis of fiscal evil into agreeing to any kind of tax increases and thereby alienating the GOP base that so invigorated a dying political party last November. These are real tax increases the Dems want to extricate from the Republicans. Tax increases will fuel their wanton spending, while simultaneously driving forward their socialist agenda and appeasing their multi-diverse special interests.


This same axis of evil will promise meaningless mega future budget cuts, but will give little up in terms of immediate spending curtailment. In other words, they will lie with abandon to get their way. They will use lying in the same way that Muslims use it to accomplish their political-militarist-religious goals. The end justifies the means.


The Republican Congressional leaders will doom themselves, their party and America if they do not heed the cry of their base and the majority of Americans with a single minded purpose to stop the wasteful spending that continues to drive up the deficit and debt of our nation. If this causes a government shutdown over raising the debt roof, so be it. If the Republicans cave on this issue, like they meekly did on the FY2011 budget fiasco, many will be looking for new careers!


The Dems strategy is to “Take a mile and give an inch.”