Plain talk from US Senator Rubio (R-Florida), from the floor of the US Senate on July 30, 2011:
And here’s the way I would describe it the United States of America more or less -- these are rough numbers but they’re accurate – spends about $300 billion a month. It has $180 billion a month that comes to the federal government through taxes and other sources of revenue and that means that in order to meet its bills at the end of every month it needs to borrow $120 billion.
“Now, for much of the history of this country, there have been increases in the debt limit and the ability to borrow money. But what has happened over the last few years is that it's no longer a routine vote because the people who give us our credit rating are saying too much of the money that you spend every month is borrowed and we want you to show us how over the next ten years you are going to borrow less as a percentage of what you spend.
“And so that's why, for years, where the debt limit was routine vote, it no longer can be. It’s not something that was made up in some conservative think tank. But the reality that we cannot continue to borrow 40% to 41% of every penny that the government spends has brought us to this point.
“So you would think that seeing that, our government and our leaders here in both parties would react to that immediately and work on it.
“And I've heard lot of talk today about delaying tactics and delaying votes. I would argue to you that this issue has been delayed at least for the last two and a half years.
“In the two years before I even came here, this chamber neither proposed nor passed a budget. It is a startling figure that for the last two years this government has operated without a budget. So think about that. Two years have gone by without a budget. The first two years that the President was the president, no budgets.
Source: www.realclearpolitics.com
Saturday, July 30, 2011
Democrats Delay, GOP Moves Forward
From US Senator John Barrasso (R-Wyoming) in the National Review online edition:
Senate Democratic Leader Harry Reid chose tonight to delay, and not vote on his plan to raise the debt ceiling. Republicans requested over and over, on the Senate floor, to vote on the Reid plan tonight. The Congress needs to move past the Reid plan, which cannot pass the Senate, and cannot pass the House of Representatives. The Reid plan, full of gimmicks and budgetary tricks, hands the president another credit card to max out through his reelection — the biggest credit card in history.
The plan Republicans support avoids default, cuts spending, caps future spending, and balances the budget. This approach is supported by 60 percent of Americans. With the Democrats’ latest delay on a real solution to our nation’s fiscal problems, they bring us closer to default. We have just four days left.
America needs a credible plan for cutting spending. Instead of plans, they ask Americans to tweet #compromise while putting out slogans such as the “Boehner Drop.” This is not governing, this is politics as usual, and the American taxpayer foots the bill.
Without a serious effort to cut debt and prevent default, President Obama will be presiding over the first-ever downgrade of our nation’s creditworthiness. This will raise interest rates, a “debt tax,” on all Americans, which may cost by some estimates $100 billion a year. An anxious market has already lost over 530 points this week.
While Republicans offer solutions week after week, it’s the default Democrats who say no time and time again. Democrats were the only ones talking about a government shutdown during the debate over funding the government just a few short months ago. Now they are repeating that same playbook of scare tactics and electoral politics, with much higher stakes: our nation’s economy, an economy that we found out on Friday is not growing nearly fast enough to reduce unemployment. Democrats, if serious about avoiding a rating downgrade, will quickly move past the Reid plan. And the Congress should move forward with a plan that strengthens our financial future.
For more from the National Review online: http://www.nationalreview.com
Senate Democratic Leader Harry Reid chose tonight to delay, and not vote on his plan to raise the debt ceiling. Republicans requested over and over, on the Senate floor, to vote on the Reid plan tonight. The Congress needs to move past the Reid plan, which cannot pass the Senate, and cannot pass the House of Representatives. The Reid plan, full of gimmicks and budgetary tricks, hands the president another credit card to max out through his reelection — the biggest credit card in history.
The plan Republicans support avoids default, cuts spending, caps future spending, and balances the budget. This approach is supported by 60 percent of Americans. With the Democrats’ latest delay on a real solution to our nation’s fiscal problems, they bring us closer to default. We have just four days left.
America needs a credible plan for cutting spending. Instead of plans, they ask Americans to tweet #compromise while putting out slogans such as the “Boehner Drop.” This is not governing, this is politics as usual, and the American taxpayer foots the bill.
Without a serious effort to cut debt and prevent default, President Obama will be presiding over the first-ever downgrade of our nation’s creditworthiness. This will raise interest rates, a “debt tax,” on all Americans, which may cost by some estimates $100 billion a year. An anxious market has already lost over 530 points this week.
While Republicans offer solutions week after week, it’s the default Democrats who say no time and time again. Democrats were the only ones talking about a government shutdown during the debate over funding the government just a few short months ago. Now they are repeating that same playbook of scare tactics and electoral politics, with much higher stakes: our nation’s economy, an economy that we found out on Friday is not growing nearly fast enough to reduce unemployment. Democrats, if serious about avoiding a rating downgrade, will quickly move past the Reid plan. And the Congress should move forward with a plan that strengthens our financial future.
For more from the National Review online: http://www.nationalreview.com
Boehner: Put Something on the Table!
In a speech of support before his fellow members of the US House of Representatives, Speaker of the House John Boehner laid out his case for "Cut, Cap & Balance". The President and majority of the US Senates (aka, Democrats) have yet to lay out a plan to go forward, and the US Senate has not passed a Federal budget in 800 days (while the Democrats have been in the majority). As the Speaker said on Friday night: "Put something on the table!"
"I can tell you that I have worked with the President and the administration since the beginning of this year to avoid being in this spot. I have offered ideas. I've negotiated. Not one time, not one time did the administration ever put any plan on the table. All they would do was criticize what I put out there. I stuck my neck out a mile to try to get an agreement with the President of the United States. I stuck my neck out a mile and I put revenues on the table in order to try to come to an agreement to avert us being where we are. But a lot of people in this town can never say yes. A lot of people can never say yes. This House has acted and it is time for the administration and time for our colleagues across the aisle put something on the table!" Speaker John Boehner said on the House floor late Friday afternoon (7.29.11, US House of Representatives, during the US debt ceiling debate).
"I can tell you that I have worked with the President and the administration since the beginning of this year to avoid being in this spot. I have offered ideas. I've negotiated. Not one time, not one time did the administration ever put any plan on the table. All they would do was criticize what I put out there. I stuck my neck out a mile to try to get an agreement with the President of the United States. I stuck my neck out a mile and I put revenues on the table in order to try to come to an agreement to avert us being where we are. But a lot of people in this town can never say yes. A lot of people can never say yes. This House has acted and it is time for the administration and time for our colleagues across the aisle put something on the table!" Speaker John Boehner said on the House floor late Friday afternoon (7.29.11, US House of Representatives, during the US debt ceiling debate).
Monday, July 25, 2011
Our 10 Trillion Dollar Man
The recent blog by Victor Davis Hanson, entitled "our ten trillion dollar man".
http://pajamasmedia.com/victordavishanson/our-ten-trillion-dollar-man/
http://pajamasmedia.com/victordavishanson/our-ten-trillion-dollar-man/
Straight Talk from Speaker Boehner
As we watch the Main Stream Media (MSM) and the liberal press try to spin the debt crisis, here is some straight talk from Speaker of the House John Boehner.
http://www.realclearpolitics.com/video/2011/07/25/boehner_balanced_approach_means_spend_more_you_pay_more.html
The US House, lead by Speaker Boehner, is where all spending, tax and revenue bills originate from. The House is the only legislative body that has passed a bill, which is called "Cut, Cap and Balance". Simplly put, cut the US Federal spending, cap the debt ceiling and balance the budget. Not very complicated. But for spend & tax liberals in Washington, and President Obama, they are unwilling to look at real reform, real spending cuts and reducing the size of the bloated Federal government.
Call your US Senators today, whose last action on the budget debate was to table action on "Cut, Cap and Balance", and simply kick the can down the road. The Democrat US Senators from New Mexico (Udall, Bingaman) and Colorado (Bennett, Udall) all voted to table the bill. Clearly it's time to let our Senators know that we are disappointed in their big spending ways.
(c) 2011, Jasper Welch, Four Corners Media www.jasperwelch.org
http://www.realclearpolitics.com/video/2011/07/25/boehner_balanced_approach_means_spend_more_you_pay_more.html
The US House, lead by Speaker Boehner, is where all spending, tax and revenue bills originate from. The House is the only legislative body that has passed a bill, which is called "Cut, Cap and Balance". Simplly put, cut the US Federal spending, cap the debt ceiling and balance the budget. Not very complicated. But for spend & tax liberals in Washington, and President Obama, they are unwilling to look at real reform, real spending cuts and reducing the size of the bloated Federal government.
Call your US Senators today, whose last action on the budget debate was to table action on "Cut, Cap and Balance", and simply kick the can down the road. The Democrat US Senators from New Mexico (Udall, Bingaman) and Colorado (Bennett, Udall) all voted to table the bill. Clearly it's time to let our Senators know that we are disappointed in their big spending ways.
(c) 2011, Jasper Welch, Four Corners Media www.jasperwelch.org
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