Tuesday, July 19, 2011

Debt Ceiling Crisis - #3089 - Michael Barone: What the Debt Limit is all About - Townhall (2) Urge Your Senators to Vote for Cap, Balance, Oppose Backup Plans - Family Research Council (3) Blaming It All on the Tea Party - Commentary (4) Why is John Boehner Letting House Republicans be Mitch McConnell's Toy - Redstate

***NOW IS THE TIME TO CONTACT YOUR SENATORS AND HOUSE REPRESENTATIVE TO VOICE YOUR OPINION IN THIS MATTER. THE HOUSE WILL BE VOTING TODAY ON CUT, CAP, BALANCE AND PLEDGE, THIS AFTERNOON.
House of Representatives Contact Information........ Senate Contact Information......
In Virginia: Va 5th District - Robert Hurt - 202-225-4711, Sen. Jim Webb - 202-224-4024, Sen. Mark Warner - 202-224-2023.
Articles in this Post: (1) Michael Barone-What the Debt Crisis is all about, Townhall (2) Urge Your Senators to vote for Cap, Balance, Oppose Backup Plans, FRC Action (3) Blaming It all on the Tea Party (4) Why is John Boehner Letting House Republicans be Mitch McConnell's Toy - Redstate


Michael Barone-What the Debt Limit is all About - Townhall - It's hard to keep up with all the arguments and proposals in the debt limit struggle. But what's at stake is fundamental.  The bedrock issue is whether we should have a larger and more expensive federal government. Over many years, federal spending has averaged about 20 percent of gross domestic product.  The Obama Democrats have raised that to 24 or 25 percent. And the president's budget projects that that percentage will stay the same or increase far into the future.  In the process, the national debt as a percentage of gross domestic product has increased from a manageable 40 percent in 2008 to 62 percent this year and an estimated 72 percent in 2012. And it's headed to the 90 percent level that economists Kenneth Rogoff and Carmen Reinhart have identified as the danger point, when governments face fiscal collapse.  This is a level of spending as a share of the economy Americans haven't seen since World War II. It seems more like Europe than like the America we have known.  Read more....... Article contributed by Steve Peters.

Urge Your Senators to Vote for Cap, Balance, Oppose Backup Plans - Family Research Council - As the debt ceiling debates continue in Washington, it has been more than 800 days since the U.S. Senate has passed a budget, while the debt skyrockets to $14.3 trillion. The House of Representatives will vote Tuesday on Cut, Cap, and Balance to ensure immediate cuts to government spending, place caps on future spending, and would grant the President’s request to lift the debt ceiling only if the Balanced Budget Amendment is passed and sent to the states for ratification.  Will the Senate follow? Senate Majority Leader Harry Reid (D-Nev.) has offered no plan, and President Obama continues to claim to want to deal with a “big plan” on deficit and debt without offering any specific cuts or reforms to entitlement programs. Earlier this year, the President’s budget was unanimously defeated in the Senate.  But what about the debt? Unfortunately, Minority Leader Mitch McConnell (R-Ky.) offered last week a plan to surrender. It would allow the President to lift the debt ceiling and only allow Congress a vote to stop it if it could garner a super majority. No cuts, no reforms, the McConnell plan is supposedly aimed at laying the political blame on the President. But when Senator Harry Reid immediately calls McConnell’s plan “serious,” one should question its wisdom. Our elected leaders need to offer real solutions to our nation’s massive debt and spending crisis. Two of the leading credit rating agencies have indicated that the McConnell plan might even hasten a downgraded rating for the United States.  You can help! Please contact your U.S. Senator and urge them to oppose any “back-up” plan, such as Senator McConnell’s surrender plan, and ask that they support efforts to pass the Cut, Cap, and Balance Act. Senators need to hear from you.  Let Senators know that they should cut spending, and balance the budget before lifting the debt ceiling.  


Blaming It All on the Tea Party - James W. Creaser, John York, Commentary - With the breakdown of negotiations on a so-called grand bargain on the debt limit demanded by President Obama, liberal commentators have sought a convenient scapegoat to account for the impasse. Not surprisingly, they have begun by rounding up the usual suspect: the Tea Party. Its intransigence, so the line goes, has sunk this great deal.  For two years now, “Blame the Tea Party First” has been the Democrats’ favorite mantra. “Firsters” invoke the Tea Party to make sense–for themselves–of the otherwise inexplicable fact of large-scale public opposition to President Obama, and they hold the Tea Party responsible for many of the nation’s deeper problems, from incivility in our discourse to an inability to set aside intransigent partisanship........Without the Tea Party, there would be no debt limit negotiations going on, just as there would have been no budget reduction deal last December. Without the Tea Party, President Obama would not be posing as the judicious statesman, but would be pushing –as in truth he still is–for more stimulus and further investments in high-speed rail. Whatever pressure now exists to treat the debt problem derives directly or indirectly from the explosion of energy that has been generated by the Tea Party. James W. Ceaser is professor of politics at the University of Virginia and a visiting fellow at the Hoover Institution. John York is a graduate student in politics at the University of Virginia.  Read more.......  Article contributed by Steve Peters.


Why is John Boehner Letting House Republicans be Mitch McConnell's Toy - Redstate -   Here is what is going to happen unless House Republicans stage an immediate revolt against their own House leadership.  Mitch McConnell, Harry Reid, and Nancy Pelosi are going to win. They have managed to cut the legs out from under John Boehner and the House Republicans. In fact, the House Republicans have taken on all the appearances of Mitch McConnell’s basement gimp.  I’m not sure why we need them any more if the McConnell-Reid-Pelosi Pontius Pilate Act passes.  See, John Boehner ceded authority to Mitch McConnell. Instead of embracing the conservative “Cut, Cap, and Balance” plan or even pushing forward with Paul Ryan’s plan as an alternative, Boehner let McConnell move forward and cut Boehner’s legs out from under him. It was a willing sacrifice on Boehner’s part because he’d rather be legless than fight.  Now here is what Boehner and McConnell have agreed to do.  At the start of next week, House Republicans will vote on their cut, cap, and balance plan.  Because of leadership undermining it behind the scenes, it will be lucky to get 218 votes. And if it gets 218 votes, it will get to the Senate and Mitch McConnell will declare his support for it while letting Harry Reid deny it a vote. Of, better yet, they’ll vote for it. It won’t get 51 votes.  Read more.......

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