Thread: Patriot posts
View Single Post
Old 12-03-2012, 09:51 PM   #111
Ring of Famer

Join Date: Jul 2008
Location: West Texas
Posts: 6,192

Default Digest November 30, 2012

Digest November 30, 2012

Gambling With the Nation's Future

"No government, any more than an individual, will long be respected without being truly respectable." --James Madison

Democrats' fiscal offer

Good news, America: Those who believe that our nation has "barbarians at the gates" are dead wrong. The bad news: The barbarians are already well inside the gates, running the federal government. The Barbarian-in-Chief himself recently served up this point by lamenting, "I cannot just impose my will on Congress ... even though sometimes I wish I could." Tyrants like to impose their will on legislative branches. Thank goodness this president would never really do that.

Within that context, we consider the fiscal cliff and related debt ceiling. A little history: The cliff looms not just because of expiring tax cuts, but because of a deal to raise the debt ceiling in 2011, in which certain cuts would happen automatically if Congress couldn't hammer out better details. Naturally, Congress displayed its usual inability to come up with even puny cuts, so here we are.

Treasury Secretary Timothy Geithner offered House Republicans the first post-election White House deal: $1.6 trillion in higher taxes over 10 years (higher rates on the wealthy will generate only $80 billion annually, if that), $180 billion in new spending and vague promises to cut entitlement spending (growth) at an indeterminate future date, all while giving the president the power to unilaterally raise the debt ceiling, perhaps permanently. Sounds to us like he might be trying to "impose his will on Congress."

Obama, of course, is promising the same thing Democrats always do: Higher taxes now and mythical spending cuts later. Picture Lucy pulling the football away from Charlie Brown and you get the idea.
Read this on the Web at
lonestar is offline   Reply With Quote