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Wednesday, July 27, 2011

Latest Thoughts on Debt Crisis

Stalemate and crisis continues as Dems continue to block GOP plans!

I wouldn't blame readers if they were sick of hearing about the debt crisis. Thanks to Obama and Senate Democrats discussion of the issue has degenerated into a hyper-partisan soap opera which is hardly reassuring to those who would like to see a real solution to the debt problem.

But there are a few more points worth considering:

Dems declare Boehner Plan D.O.A. in Senate but have NO PLAN of their own!

How is it that Obama and the Democrats continue to point fingers of blame at House Republicans, who are only representing the constituents who voted overwhelmingly in 2010 for a platform to cut spending, and yet offer no viable plan of their own?

Even before House Speaker John Boehner (R-OH) finalized his latest plan to address the debt issue, Senate Majority Leader Harry Reid (D-NV) declared it was "dead on arrival." Obama threatened to veto the plan. Neither Reid nor Obama had actually seen the plan which has yet to be presented to the House for a vote.

Meanwhile, the U.S. Senate has failed to pass a budget, which is required by law, for more than 800 days. The Obama budget presented earlier in the year was defeated in the Senate by a vote of 97-0. Not even one Democrat would vote for it.

Senate Democrats also defeated the budget plan by Paul Ryan as well as refusing to even vote on the House "Cut, Cap and Balance" plan.

Now, Senator Reid talks about a plan of his own, yet no one has seen the details. Not even fellow Democrats. One detail which did leak out was the phony savings claimed by the end of the Iraq and Afghanistan wars. It's exactly this kind of smoke and mirrors which House GOP members were elected to end in Washington.

A $trillion in new spending for $100 billion in cuts in growth...maybe!

The plan by Speaker of the House John Boehner (this is the 4th GOP plan) is the best of a bad lot. Even here, the "cuts" are really only decreases in the amount of increase and total $100 billion per year for ten years. Even if these cuts were to take place (in past deals the cuts never took place) they would amount to only a small fraction of the federal budget which is expected to continue growing from the current $3.5 trillion. With spending at these levels and higher deficits and debt will continue to mount.

Yet even those minor reductions in growth proposed by Boehner are denounced as draconian and unfair by Democrats who simply want to continue the tax, spend and debt gravy train until it finally runs off the tracks. No doubt when that day of reckoning comes Democrats will be ready to blame that on Republicans too!

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