Options
Republicans Must Vote Against Raising Debt Ceiling or Face Political Annihilation
· Thursday, July 14, 2011
The Republicans surged to majority status in the U.S. House of Representatives in November 2010 thanks in large part to the support of many independent voters who shifted their allegiance to the GOP. But the party's candidates risk losing that support, and also losing the voter intensity and enthusiasm they would otherwise likely enjoy in November 2012, if congressional Republicans sign on to any legislative scheme that raises the federal debt ceiling. It's just that simple.
Polls indicate that most of those who identify themselves as either Republican or independent voters say definitively that they don't want the debt ceiling raised, regardless of what alleged remedy might be used to justify such action. Yes, they have heard the dire warnings in recent days of potential economic disaster, unpaid Social Security benefits and even elimination of their own personal credit cards if the debt ceiling isn't raised. They don't care because they don't trust these doomsday statements.
Specifically, they recall the TARP program. That's the congressional action that not only "saved" banks and automakers, but led just a few years later to record profits for those institutions. That's money that never reached the public.
Too many people still can't get a loan. Others are hounded by credit card companies if they are a day late in paying their bills. And Americans are still paying hefty prices for cars and trucks that must be fueled by increasingly expensive gasoline.
These voters simply don't believe the assurances of President Obama, particularly in light of his stimulus program that promised the nation an 8 percent unemployment rate that hasn't materialized.
The GOP leadership in the House has slowly come to realize that any deal they agree to that doesn't include major budget cuts -- which by necessity would include cuts to entitlement programs -- will result in a stunning rebuke from conservative and independent voters. After all, those voters put the Republicans in charge in large part to avoid slick compromise deals and halfhearted efforts to rein in spending.
But the GOP leadership in the Senate seems even now not get it. Senate Minority Leader Mitch McConnell's proposal to give Obama the authority to raise the ceiling is a nonstarter with most conservative Republicans. It smacks of game-playing and shirking the duty of making tough choices.
Senators who try to play the deal-making heroes on this one will destroy not only their own credibility, but that of the entire Republican Party. Instead, they must remind Americans that the nation would not be facing this crisis were it not for the Obama administration's unbridled spending.
I completely understand what is at stake here. If the United States fails to raise its debt ceiling by Aug. 2, we face a serious devaluation of the dollar across the globe, a dire threat to the nation's overall financial status and possibly even an inability to pay entitlement benefits for seniors, and for Medicaid and welfare recipients. Of course, all this is theoretical.
The reality is that a majority of Americans are prepared for a few days of pain to prove to the world that we can and will find a way to control our reckless spending. Polling conducted earlier this year indicates that a majority of Republicans and independents would support a government shutdown akin to those of late 1995 and early 1996.
Why? Because they've adopted as their own the concept put forth in the early days of the Obama presidency by then-White House Chief of Staff Rahm Emanuel -- namely, that one can take advantage of a crisis and put it to maximum use in achieving bigger and broader aims.
But Emanuel's crisis-exploitation formula was to swiftly spend boatloads of money. The Republicans' counter-solution should be to take advantage of the government's fiscal crisis by allowing the nation to suffer for a few days while Congress and the president sober up from the past two years of spending and make the tough cuts in spending that must be made.
There is another hidden reason why most Americans are willing to endure the pain of bumping up against our nation's debt ceiling. They see their own financial circumstances as being so bad that they don't see a downside to drastic action to stem federal spending -- especially if standing firm, at least for a while, will make those who profited from prior costly bailouts and stimulus efforts now have to share in the financial pain being felt by so many Americans.
COPYRIGHT 2011 CREATORS.COM
Third-party content does not necessarily reflect the opinions of The Patriot Post.
Options
Subscribe
Former House Majority Leader Dick Armey: "Simply put, The Patriot Post cuts through the clutter and delivers timely, accurate, and colorful accounts of the week's most important news and policy issues. It's a mandatory read." It's Right. It's Free. Subscribe now!
The Right Opinion
- Rich Galen: Obama & Romney Tout Good News
- Edwin J. Feulner: 'Law of the Sea' Treaty: Sink It
- Arnold Ahlert: With Democrats, You're Either All In - or All Out
- Oliver North: Memorial Day 2012
- Ken Blackwell: Remarks on Religious Liberty
- L. Brent Bozell: Canada's 'Scientific' Museum of Smut
- Michelle Malkin: Obama's Land of the LOST
- Rebecca Hagelin: The 'Gay Marriage' Spin
- David Limbaugh: Obama and Leahy vs. Sir William Blackstone
- Linda Chavez: Overreach by Unions in Wisconsin
- Mona Charen: Obama's Education Hypocrisy -- Again
- Jonah Goldberg: Big Business Gets the Hollywood Treatment
Grassroots Commentary
Policy and Analysis
- Heritage Foundation Insider
- Heritage Foundation Research
- American Enterprise Institute
- Center for Strategic and International Studies
- The Cato Institute
- Hoover Institution
- National Rifle Association
- Ludwig von Mises Institute
- Citizens Against Government Waste
- National Center for Policy Analysis
- The Heartland Institute
Our Mission
"The Patriot's mission is to advocate for Essential Liberty, the restoration of constitutional limits on government and the judiciary, and to promote free enterprise, national defense and traditional American values. Our objective is to provide Patriots across our nation with a touchstone of First Principles through brief, informative and entertaining analyses of relevant news, policy and opinion from reputable research, advocacy and media organizations, so they may better support and defend those Principles, and enlist others to join our ranks." —Mark Alexander, Publisher
The Patriot Post is not sustained by any political, special interest or parent organization, and we accept no advertising. Our mission and operations are funded entirely by the voluntary financial support of Patriots like you!
























Peggie
Your headline says it all. We put the
Republican Representatives in there to
represents us and if they don’t, we will
look around for new untainted blood to
replace them next election.
As you say, it’s just that simple!
Posted July 14, 2011 at 10:41:45 AM
Harry Russell
The same old scare tactics from the Democrats. Last month they were saying Grandma was being throne over the cliff. Now she may not get her SS check on August 3.
It has been stated plainly that the US has sufficient funds to pay the military, SS, interest payments. We don't have money to squander on Obama's trillion dollar schemes.
I am ashamed of our government for the antics they go through and its about time it stopped.
Posted July 14, 2011 at 11:29:36 AM
Marcus
stop all imported goods tomorrow. all those government checks that go to social security, welfare, disability, government employees, etc. have a large portion spent on goods at wal-mart and the like that come from overseas. minus walmart's profit, the rest goes overseas and to corporations who shelter that money.
plus there's the money that we privately employed folks spend on imported goods. all of this money is in turn "loaned" to us by these importers like China who control all the production and profits in their country.
oh, and let's not forget oil importers.
follow the money.
stop the imports.
Posted July 14, 2011 at 11:33:59 AM
Abu Nudnik
Debt management is possible. A temporary rise in the ceiling for permanent and deep spending cuts resulting in a lowering of the debt ceiling to half its present height within 10 years is not something the voter would consider shameful.
Posted July 14, 2011 at 12:36:13 PM
Restless Native
Whether or not it's going to hurt is irrelevant. Raising the debt ceiling is unacceptable. It's far beyond the time for government to shrink in size, reach and staff. I absolutely oppose any increase, regardless of "what they say." This would be the best thing America can do given a long range outlook of collapse and destitution if the raise the limit again. Kick out the FED... Back to the Gold Standard. Fire any elected official that doesn't support the will of the people.
Posted July 14, 2011 at 12:43:02 PM
John.Smith.
I expect the republacrats to fold like a cheap camera.The haven't realized the times they are a changein.They seem to think that their line of b/s will continue to be tolerated.As for being harrassed by loan holders I for one can attest to that.My wife and I have a small loan with a bank.A while back we started receiving calls about paying our loana day or two before it was do. [we've never missed a payment] And there is a 10 day grace period after the due date.I was in the kitchen one day when we had gotten our forth or fifth call I grabbed the phone out of my wifes hand and told the gentleman at the other end of the line.If they ever called about our loan we would cease paying the loan on time.And take full 10 day grace period.Or pay it and the late penalty well after the loans due date.That was almost two years ago.We haven't heard from them since.
Posted July 14, 2011 at 2:29:38 PM
MNIce
Marcus, how will banning imports do anything about the Federal government spending 46% more than it takes in, or running up deficits exceeding 10% of the earnings of everybody in the nation? It is not the personal spending decisions that is the cause of the problem, it's the spending by the politicians "on our behalf". Banning imports will only reduce the variety of goods in the marketplace and make everything more expensive.
No, we must address our own productivity problems. Our Federal and state governments are grossly over-sized and they meddle in our businesses far too much. Excessive taxation and unnecessary and over-powered regulations drive up the cost of making goods here far beyond the competitive range. Part of the problem for the heavy industries is that federal rules stack the deck in favor of labor unions, and the unions are too greedy and short-sighted to let their customers ("management") stay in business with competitive labor costs.
Posted July 14, 2011 at 3:20:41 PM
David Horn
This entire debate rests on the assumption that the U.S. government will default if the debt limit is not increased. As a prior commenter pointed out, there is more than enough revenue to service the existing debt, which is all that is necessary to avoid default. As long as there is no default, not raising the debt limit only means that the government can only spend the revenue it brings in.
However, I don't trust the government, and ESPECIALLY not this administration, to make the necessary adjustments to avoid default, if it comes to that. Instead, I fully expect Obama to intentionally default by continuing to funding his voting base's pet projects until there is no money left for debt servicing, and then blaming Republicans for not agreeing to his further destruction of the economy and the American way of life. Since major media outlets more closely resemble Pravda than legitimate news sources, I give such a scheme a better than even chance of success.
Posted July 14, 2011 at 3:26:24 PM
MNIce
A short-term increase in the debt ceiling is acceptable if and only if it is part of a plan to permanently cut federal spending below the current revenue levels. The increased borrowing must be used only as part of an orderly reduction and elimination of unconstitutional federal spending programs.
Otherwise, we'll have to force Mr. Obama to do a cold turkey shutdown of his spending addiction. He should have started doing that back in May, when we first officially passed the debt limit, but no, like any addict, he is irresponsible in his habit.
I'm sure if any of us could take his place as President for a day, we'd call up Congress and demand a bill canceling appropriations for specific agencies. Check out USdebtclock.org - we have enough revenue to cover debt payments, defense, most of Social Security and Medicare, and the federal pension fund. We can't do all of that and "income security" also, so the rest of the unconstitutional welfare programs have to go to the "states respectively, or to the people" where they belong in the first place.
Posted July 14, 2011 at 3:32:28 PM
Al Hall
The question has been asked by many: If President Awesome's intent was to destroy the American economy, what, of everything he and the Weinercrats have done, would he do differently? Hmmm? So now, I have to ask: "What if the supposed dire consequences of a government default are exactly what he wants?"
Posted July 14, 2011 at 5:10:24 PM
M Rick Timms, MD
But wait!! Obama said we don't need to worry about all this ecomomic stuff - we should leave it up to the "Professional politicians"!
The arrogance of this guy is amazing.
All money bills originate in the house - so lets see a bill that prioritizes 1) Interest payments
2) SS and Medicare 3) miltary. Everything else gets a 10% cut across the board, as needed to stay below the ceiling.
If they raise the ceiling -- they Will spend more.
Remember, they are the Professional Politicians.
We must dismantle the spending power of the Federal government, by stopping their ability to confiscate the fruits of our labor -- American labor -- from all of us that are working ( and willing to work )for a paycheck. It is not the Governments money!
Posted July 14, 2011 at 5:36:16 PM
Howard Last
I seem to remember somebody by the name of Bush saying "read my lips no new taxes". Someone should remind McConnell that Bush was out on his a## because of it when he raised taxes.
Posted July 14, 2011 at 8:09:42 PM
Bill
This is the best commentary I've read in a while. Outside of educated idiots, everyone understands that when you are in a hole... you stop digging.
Posted July 14, 2011 at 9:45:31 PM
David S. McQueen
Good comments, all, but remember that Obama does not care a whit for the USA or for its fiscal health. Obama only cares that he can further a socialist agenda and that fiscally kneecaping the USA will enhance that agenda.
Posted July 14, 2011 at 9:53:56 PM
enemaofthestatistquo
the Debt Ceiling is to be reached on August 2. If the checks do not arrive on August 3 then it was a willful, purposeful, & deliberate Malfeasance, dereliction, & High Crime & Misdemeanor impeachable offense of the Obama administration- because those checks, to arrive on the 3rd must have been processed and mailed or sent EFT before that date.
Posted July 14, 2011 at 10:00:57 PM
Mike
The Republicans raised the debt ceiling the last 4 times with no questions asked. Why all the fuss now? Could it be that now there is a Democrat in the White House so they want to seem all concerned about the budget. Reagan blew up the budget, then Bush I added to it...then Clinton (Democrat) balanced it and created a surplus, only to have Bush II create and add to the deficit more than any other president in history. Why such the concern now???
Maybe this is called hypocrisy???
Posted July 14, 2011 at 10:20:12 PM
Crystal
The purpose of our Government is to promote tranquility and stability.
It is obvious that Republican Conservatives are intentionally preventing the President to govern.
Save more, not spend more. Passing debt onto my grandchildren? How? With these kinds of tax breaks?
Extension of Seven Year Straight Line Cost Recovery Period for Motorsports Entertainment Complexes (NASCAR tracks)
Estimated cost to taxpayers in 2011: $40 million
Extension of Special Expensing Rules for U.S. Film and Television Productions
Estimated cost to taxpayers in 2011: $162 million
Extension of Temporary Increase in Limit on Cover Over of Rum Excise Tax Revenues to Puerto Rico and the Virgin Islands
Estimated cost to taxpayers in 2011: $235 million
Extension of American Samoa Economic Development Credit
In general, this credit allows certain corporations operating in American Samoa to offset a portion of their U.S. tax liability on income earned in American Samoafrom active business operations, sales of assets used in a business, or certain investments in American Samoa. This credit would be extended for two years (through 2011).
Estimated cost to taxpayers in 2011: $15 million
Special tax withholding break on Horse & Dog track winnings
The American Jobs Creation Act of 2004 eliminated a 30% tax withholding on income earned by foreigners who gamble at American horse racing and dog racing tracks. Other forms of gambling such as lotteries do not receive this special treatment.
10-year savings: $30 million
Starbucks Roasting Provision
The American Jobs Creation Act of 2004 jobs bill also declared that coffee roasting, but not coffee preparation, is a manufacturing activity. This special classification allows Starbucks to qualify for a corporate tax reduction designed for hard-hit domestic manufacturing companies.
10-year savings: not estimated
Race horse owners depreciation
The 2008 farm bill permitted racehorse owners to depreciate horses over three years instead of the normal seven year period.
Why is it illegal to lie to Congress, but not illegal to lie to Citizens?
Posted July 15, 2011 at 2:15:35 AM
Jsmith
Time are hard at my house. We pay all of our bills, which includes 2 kids in college. Obama (and Bush before him) needs to understand that I can't afford to pay someone else's mortgage or car payment. Should my wife take a job in order to pay someone else's mortgage? Should I take another job? Instead of that, let's try something radical -- let's get government off my back and let me work.
Posted July 15, 2011 at 7:28:51 AM
Reggie Greene / The Logistician
During the last Presidential election, CSpan2 Book TV aired a program where the author discussed the results of his or her research, which suggested that something like 5-10% of Democrats , and 5-10% of Republicans, essentially debated and defined the ideological constructs of each party. The point was that the vast, vast, vast majority of the citizens of this country have their lives dictated by the most active and vocal members of society, who also happen to be more privileged .
I strongly suspect that the same thing is occurring with the debt ceiling debate. The debate is not really about the debt ceiling per se, but rather a very deep, long-standing debate about the role and size of government. It’s never been resolved, and never will be resolved in our representative democracy. However, in the mean time, the regular folks in our society run the risk of being irreparably damaged. The elites (the upper and upper middle socio-economic classes) on each side of the fence have theirs, their corporate contributions, decent jobs and income, and will fare just fine economically. It’s the ordinary citizens (lower middle socio-economic class) who will most likely get screwed, no matter which side ultimately prevails in the short term.
Posted July 15, 2011 at 9:56:32 AM
Mike Tazman
I think the solution is to stop paying them. Foolish to send money to a government that does not operate in your best interests.
Opt out.
Posted July 15, 2011 at 1:12:33 PM
GMButler
Republicrat or Democan makes no difference. Both will be controlled by the Elite Bankers. Choose your poison, social conservative or social liberal. Makes no difference to the ones that control world money supply.
Posted July 15, 2011 at 4:42:15 PM
David Lee
The spending has to stop. This is President Obama taking care of the people who voted for him. Its also him trying to get them same people to vote for him again In 2008 his slogan was change for American. In 2012 the American slogan should be change before its to late
Posted July 19, 2011 at 4:08:01 PM
pat
time to move to china where all USA and Canadian jobs are.
Posted July 28, 2011 at 2:51:44 PM