{"id":3857,"date":"2011-04-23T12:29:49","date_gmt":"2011-04-23T16:29:49","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=3857"},"modified":"2021-11-09T06:29:14","modified_gmt":"2021-11-09T11:29:14","slug":"raising-the-debt-ceiling","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=3857","title":{"rendered":"Raising the Debt ceiling"},"content":{"rendered":"

In a few weeks Congress will need to vote on whether or not it should raise the debt ceiling and allow the treasury to borrow more money. At the moment, the United States owes about $14 TRILLION dollars. That’s about $50,000 for every man, woman, child and illegal alien now residing in the United States.<\/p>\n

Now that you have picked your jaw up and reattached it, you may be wondering how the hell we got into this mess? The answer is simple. For the last 100 years, and especially since the Roosevelt Administration, the United States Government has been spending money in order to buy votes and keep the incumbent party in power.<\/p>\n

Now, the normal thing for the USG to do when it ran out of money was to borrow more. The \u201cexperts\u201d would then lie to the American people and say that the debt didn’t matter and was a good thing. Most people, including me, really don’t understand the intricacies of global finance so we made the honest mistake of believing the so called \u201cexperts.\u201d<\/p>\n

Then came the recession of 2008 with all the financial problems and of course, the USG as well as governments from other countries had to \u201cKeep things from getting worse.\u201d They did this by borrowing money and then loaning it, or flat out giving it to failing banks, manufacturers and special interest groups. Basically anyone who paid bribes<\/span> made campaign donations to politicians. This just made things worse as the debt in the last few years has been doubling each year.<\/p>\n

Well, the people woke up to the problem of out of control debt. It started when Greece basically went broke. Soon other countries started running out of money and demanding bailouts. In the United States, the voters showed their displeasure at the out of control spending by retiring a large number of incumbents in the 2010 midterm election. The new people came in with a mandate to stop the out of control spending and start cutting both the size of government and the debt.<\/p>\n

The problem they ran into was the Establishment Republicans.<\/p>\n

These idiots, generally referred to as RINO’s, have spent decades inside the Beltway and have completely lost touch with their constituents and in many cases, reality. The Liberal Progressive party, more commonly known as the Democrat Party, never had a grasp on reality and consider their constituents to be an annoyance to be ignored.<\/p>\n

Getting back to the topic at hand, the United States has run out of money again and the treasury is requesting that Congress raise the debt limit so they can sell bonds. However, the Congress is starting to balk at this. They have been hearing, rather loudly, from their constituents and they have been saying \u201cNO! DO NOT RAISE THE LIMIT! STOP BORROWING MONEY AND FIX THE PROBLEMS YOU’VE CAUSED!\u201d<\/p>\n

Most of the Republicans, now that they have picked themselves off the floor from the beatings they’ve been getting, have started demanding serious changes and major cuts before they will agree to raise the limit. The fact that Standard & Poors<\/a> has told the world that they will downgrade the United States credit rating ((S&P threatens to cut U.S. credit rating on deficit<\/a>)) was more ammunition for them to fire at the Obama administration.<\/p>\n

This brings us to the Secretary of the Treasury Timothy Franz Geithner, AKA TurboTax Tim AKA Tax Cheat Tim. TurboTax Tim has been saying that if Congress doesn’t raise the debt limit, the United States will default on it’s bonds. This is not exactly accurate. If the United States Congress doesn’t authorize a hike in the debt limit, then the treasury would only be allowed to spend the money it actually had.<\/p>\n

In other words, \u201cIn God we trust, However, the United States must pay cash!\u201d<\/p>\n

TurboTax Tim, doesn’t want to make actual hard decisions, he would rather just continue with the standard Liberal Progressive Democrat policy of Tax, Spend, Borrow. He is essentially attempting to blackmail the Republican controlled congress into supporting the Obama administrations spending policies. If he doesn’t get what he wants, he will wreck the United States credit rating.<\/p>\n

However, according to Sen. Pat Toomey (R-Pa.) if the United States defaults on it’s bonds, it will be Treasury Secretary Timothy Geithner\u2019s fault.<\/p>\n

From The Hill<\/a>:<\/p>\n

\u201cMoreover, as the Congressional Research Service has noted, the Treasury secretary himself has the discretion to decide which bills to pay first in the event that a cash flow shortage occurs. Thus, it is he who would have to consciously, and needlessly, choose to default on our debt if the debt ceiling is not promptly raised upon reaching it. It takes a lot of chutzpah to preemptively blame congressional Republicans for a default only he could cause,\u201d Toomey said.<\/p>\n

He said that Geithner has argued foolishly that failing to pay welfare payments or furloughing workers would send bad market signals that are equivalent to a default.<\/p>\n

Toomey said President Obama and Geithner are threatening a bond market doomsday in order to continue an out-of-control spending spree.<\/p>\n

\u201cThese threats are dangerous, and they should stop,\u201d he said. ((Geithner would be to blame if default occurs, Toomey says<\/a>))<\/p><\/blockquote>\n

Senator Toomey, one of the new crop of Tea Party Republicans, gets it. He was sent to the Senate to clean up the mess. He gets it and is willing to call Geithner’s and Obama’s bluff. The problem is, if Geithner does do his duty…for once, he is likely to do as much damage as he can for his lord and master, George Soros<\/span> Barack Obama. My guess is they will simply cut all defense spending, payments to those truly in need and instead make sure their cronies are taken care of first.<\/p>\n

Obviously, the Liberal Progressive Democrats never heard the old saw, \u201cFirst you pay the guys who have the guns.\u201d The contempt the Democrats have for the military and their constitutional duties to defend the nation are surpassed only by the military’s contempt for the Democrats and their willingness to defend the Constitution and the nation. The only reason they have not moved against Obama and the criminal class, (And this includes a few Republicans too), is their training and belief in civilian control of the military.<\/p>\n

The Establishment Republicans in the House and senate are showing their usual lack of spine. Speaker of the house Boehner ((John Boehner)) and Minority Leader McConnell ((Mitch McConnell<\/a>)) in the Senate are old school \u201cGo along to Get along\u201d Republicans. They still haven’t fully grasped just how angry and frightened the American people are. They think they see it, but, as the recent budget fight has shown, they talk a good game but will always roll over.<\/p>\n

Others, like Olympia Snowe. (RINO, ME) ((Olympia Snowe)) earned her nickname as one of the RINO sisters ((The RINO Sisters)) when she said that the cuts were going to far. John Cornyn ((Sen. John Cornyn<\/a>)) was even worse when he said he couldn’t see a way to cut more the $1 billion from the last continuing resolution. These two and others like them are part of the old school country club republican party and are fully paid up members of the Establishment Incumbent party. I suspect most will be challenged in the next Primary season.<\/p>\n

So, what should we do?<\/p>\n

In my case, I want the authorization to raise the debt ceiling denied. Force Obama and Geithner to either default on the debt or show who they really consider to be important. We can no longer continue on the way we are. If the Establishment Republicans manage to win again and cave into the Democrats, they need to be removed from office.<\/p>\n

If they actually manage to grow a spine and a pair of balls, and force the Democrats and Obama into defaulting, then they need to follow up with bills of impeachment. This is the political equivalent of War to the knife. If we surrender to the Liberal Progressive Democrats, then this nation SHALL PERISH FROM THIS EARTH. ((Corruption of the Gettysburg Address<\/a>))<\/p>\n

I, for one, will do all that I can to prevent this.<\/p>\n

So, where do you stand?<\/p>\n

~The Angry Webmaster~<\/p>\n\"1\"2\"3\"4\"5 (1<\/strong> votes, average: 1.00<\/strong> out of 5)
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Do you think the Debt limit should be increased?<\/strong><\/p>