In today’s deficit cutting talks with Vice President Joe Biden; Democrat representatives stated that they felt the way to fix the problem was to increase spending and subsequently increase taxes.
Does anybody else see the conundrum that the Republicans are having to deal with?
We are $14.3 trillion+ in debt that needs to be agreed upon by August 2 (less than a month away) or at we risk defaulting on our debts.
If we do not make some serious cutting, start creating jobs and selling more exports; we are going to have a serious problem balancing the budget.
It is at this point that we need to be CUTTING; not INCREASING spending.
Is Vice President Biden and his debt group really that oblivious to the will of the American people?
Are the Democrats really surprised that the Republicans walked out of deficit cutting talks?
How can you argue a concept of cutting spending when the other side wants to spend more money?
Its a waste of time and unbelievable that the Democrats would adopt this line of thought.
Even though, it is not technically “his job” Obama, as President, should get involved considering the severity of our situation.
According to my sources on Capitol Hill; the only involvement Obama is doing is “looking for a meeting room”. Literally.
The game plan was to have deficit reduction talks completed by the end of June. That’s only 7 days from now.
Senator John Cornyn of Texas, a Republican leader, also agrees that President Obama needs to get directly involved.
“It’s clear that these were non-serious negotiations and the only time it’s going to get serious is when the president of the United States becomes thoroughly engaged,” Cornyn said. “There’s not going to be a deal without his direct involvement.”
Flashback to the 2011 Compromised Budget talk delays. The only time serious progress was made was when Obama was involved so he could push the Democrats to be reasonable. It is obvious that Obama is needed in this case.
Deja vu seem to fall upon my ears as I heard Kentucky Republican Mitch McConnell ask of Obama once again, “Where is he?” What does he propose? What is he willing to do to reduce the debt and to avoid this crisis that’s building on his watch? He’s the one in charge. I think most Americans think it’s about time he started acting like it.”
Raising the Debt Ceiling and increasing spending; Contradictory?
It is imperative that we cut trillions of dollars from our $14.3+ trillion debt and NOT increase spending.
You cannot spend your way out of a recession.
The Democrats fail to understand the generic cutting mindset as the “Democrats continue to insist that any deal must include tax increases,” said Eric Cantor, a Virginia Republican, in a statement announcing his decision. “There is not support in the House for a tax increase.”
“The tax issue must be resolved before discussions can continue,” Cantor said. “Given this impasse, I will not be participating in today’s meeting and I believe it is time for the president to speak clearly and resolve the tax issue. Once the tax issue is resolved, we have a blueprint to move forward to trillions of spending cuts and binding mechanisms to change the way things are done around here.”
Note to the Democrats: Your constituents want you to cut spending. You have to come to the deficit reduction talks in the mindset of “what are we cutting, today?” because if you are looking at things from an increased spending point of view; the discussion is going to be pointless and a waste of everyone’s time.
It is imperative that you understand that we cannot spend, and most certainly cannot freeze, our way out of a recession. We have less than one week until Congress is needed to make a decision on whether or not we are going to raise the debt ceiling and to determine if the US will start defaulting on our debtors. Our SP index rating already dropped to negative; let’s not fall even further into the economic hole.
Note to the Republicans: Eliminating the subsidies and tax breaks for big oil is NOT increasing taxes. If we eliminated a lot of the money we give big oil (they are doing just fine on their own); we could give that money back to the people and small businesses through price relief at the gas pump and help jumpstart our economy.
Also, please not give in to a payroll tax deduction as that directly drains the Social Security funds and we are already short on Social Security funds as it is.
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