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DEBT LIMIT: Congress playing a dangerous game

Letter by Brant R. DeLarme, Bonney Lake on July 11, 2011 at 11:25 am with 51 Comments »
July 11, 2011 1:44 pm

How is it that as our country speeds down the road to ruin, our leaders in Congress are using the impending disaster for political point-scoring?

Greece has been in chaos as the country flirts with default on its $413.6 billion deficit. Austerity measures including $20 billion of cuts and a similar amount of tax increases have the masses rioting in the streets. And the rest of Europe is poised to bail them out to avoid further economic disaster.

Here in the United States, we are less than a month away from defaulting on our debts, totaling more than $14 trillion. We are looking at several trillion dollars in spending cuts and revenue increases. There is no one big enough to bail us out if we fail. And if we default, we will drag the rest of the world with us to the hell that is a worldwide economic depression.

Yet there is no uproar. Our leaders, and the media “watchdogs” are more concerned with 2012 elections than 2011 debt crisis. President Obama calls the Republicans childish, and Republicans look for ways to blame Obama for everything, as Charles Krauthammer did in his column Friday.

Even the concerned citizens writing letters to the editor care more about the annual Fourth of July ruckus than the looming financial disaster.
No one is concerned because it’s all part of the game. But do we really trust our politicians so much we let them play politics with the fate of the world economy?

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Leave a comment Comments → 51
  1. Brant,

    Unfortunately you are telling us what we already know. We know what the problem is, but we disagree on what to do about it.

    What’s do you think we should do?

  2. Brant – I’m afraid you are right. We should be playing games with our economy or the world’s.

  3. People,do not fret about the debt problem.Here is my take on what is going to happen.The Republicans will again cave in to what the Democrats demand.When they do, the voters will know the Repubs. are a Paper Tiger.What should happen is to reject the Democrats proposals altogether and call their Bluff.If the country goes into default,So be it.But this is something that will never happen as it is all political posturing.As the saying goes,never let a good crisis go to waste!

  4. sincere – your take on things is about 180 degrees opposite of mine.

    The Dems are, and have been for at least 40 years, complete wimps. Obama offers compromise positions as his first negotiating point from which the Republicans add more demands than they originally were asking for. Both Parties are unwilling to upset their corporate donors (owners) so any austerity measures are going to come down upon the 80% of America that doesn’t write fat checks for fat cats.

  5. good letter.
    lylelaws, some of us may be aware, but most are not. most people dont know or dont care. only those of us who lean one way or another are really paying attention. attention spans are short these days. the problem is that the center just isnt paying any mind to politics, the result is that a lot of reasonable (though ill-informed) people are not weighing in at all. they turn on the tv and see the blatant lies that are campaign ads, they have no idea what to believe.

  6. Roncella says:

    Brant, No one is certain just what defaulting is going to cost all of us in one way or another. Many experts explain that there is plenty of money coming into the Government to pay most of the bills. The job becomes tricky with prioritizing which programs get paid and which don’t.

    President Obama and Reid and Pelosi and many of the dems. and establishment type republicans have spent us futher and futher into debt.

    Brant why do you think the Tea Party came to life a few years ago. These folks seen what was coming and elected 64 new Republicans to get to Washington D.C. and clean this mess up. This was the largest transfer of power in over 70 years. The public was speaking and flexing its muscles.

    President Obama has made the budget problems worse in less than three years spending trillions of dollars on stimulus packages that did not stimulate anything, there never was any shovel ready jobs and Obama finally admitted that and his bankrupt Obamacare bill has done nothing but make matters worse.

    Its time for the President to slow down with his re-election work and get to work, producing a sensible budget now, stop scaring the old folks, children, with the intelligent and workable plan Paul Ryan Rep. Wisc. submitted months ago to correct many of the Dems. and Republs. mistakes and overspending.

  7. Roncella says, “Obama finally admitted that and his bankrupt Obamacare bill has done nothing but make matters worse.”

    He did? When? Where?

  8. Roncella says:

    Polago, Obama admitted that he was wrong, and mistaken when he said that he was creating thousands of Shovel Ready Jobs, There Were None, and he did admit that as he laughed and joked about it in one of hie staged Tele-prompter shows.

  9. Umm, When, Where?

  10. Roncella says:

    Polago, Obama was appearing at some news conference, I can’t remember the purpose of it or who was with him. It was one of his almost daily appearences on T.V. with his tele-prompter at his side.

  11. shatolson says:

    We are reactionary as a society. There won’t be any action from us until the pain from default is felt. However, it won’t be felt because in the zero hour before default happens on August 2nd our politicians will come up with a deal, raise the debt ceiling and both sides will claim victories stating that they made the other back down.

    It is the way of our system.

  12. “Obama was appearing at some news conference, I can’t remember the purpose of it or who was with him.”

    Yet we’re supposed to believe you when you say, “Obama finally admitted that and his bankrupt Obamacare bill has done nothing but make matters worse.”

    You don’t sound very credible, Roncella.

    Did you get up on the wrong side of the bed this morning? (after dreaming up this so called admittal of yours?)

  13. Roncella says:

    shato, The lame stram media is already giving Obama cudos for winning the debt ceiling debate and it hasn’t even ended yet. Your post is right on.

  14. “President Obama has made the budget problems worse in less than three years spending trillions of dollars on stimulus packages that did not stimulate anything, there never was any shovel ready jobs and Obama finally admitted that…”

    First, that is what I read so not sure what you are reading…

    Second, Obama said it…

    http://www.cbsnews.com/8301-503544_162-20019468-503544.html

  15. What does that hev to do with this statement about Obamacare, “Obama finally admitted that and his bankrupt Obamacare bill has done nothing but make matters worse.” ??

  16. Roncella says:

    Polago, Read the post from xx98411 he found the comments I was referring to. I never said Obama admitted his Obamacare was making things worse, I was referring to his statement about not having shovel ready jobs.

    Are you having a problem reading and comprehending this morning ?

  17. I figured you would back away from that statement when pressed, Roncella.

    The stimulus money that would have gone to shovel ready jobs went unspent, as there were not as many shovel ready jobs as anticipated. Much of that stimulus money went to states to keep them from going bankrupt. Much of that money went to subsidize roads that were already under construction.

  18. “Obama admitted that he was wrong, and mistaken when he said that he was creating thousands of Shovel Ready Jobs,”

    I don’t think he said that he was creating shovel ready jobs.

  19. “President Obama has made the budget problems worse in less than three years spending trillions of dollars on stimulus packages that did not stimulate anything, there never was any shovel ready jobs and Obama finally admitted that.

    And his bankrupt Obamacare bill has done nothing but make matters worse.”

    We are arguing about the structure of a sentence… seriously????

    The first sentence is true, Obama said it, laughed meekly and the media covered for him…

    Now, you wanna argue the second premise, go for it… that is ongoing as we speak and the annoited one will not admit that… at least not yet.

  20. Maybe with proper sentence structure and punctuation, Roncella’s point would have been clear. When he injected his opinion into a sentence which clearly was intended to speak to an admittal on Obama’s part, the opinion should have been separated by at least a comma. Wouldn’t you think?

    Can’t blame this on anyone’s lack of comprehension.

    Thanks for the explanation, xx98411.

  21. I am not throwing Roncella under the bus…

    I understood Roncellas premise (as well as other posters who sentence structure can be in question)

    Poorly worded sentences or not, Obama and his team pretty much suck at their job… pretty clear to me… ;)

  22. I’ll try harder to comprehend that which is poorly written.

  23. LOL, this is funny, and underlines a liberals point of thinking. They aren’t engaging in a conversation, they are just waiting to speak. It was very clear in Roncellas “poor” sentence structure. If the intent was immediately understood by your liberal brain trying desperately to find fault with Roncella’s logic, that is understandable. But it was immediately explained to you. The Republicans better hold strong, force the spending cuts, force the changes to Social Security and Medicare so they and our government can stay solvent.

  24. A 5% income tax increase on the rich along with a 5% cut in all federal spending would be a good starting point.

    And if those of you who don’t think that the food stamp program should be reduced by 5%, would you be ok with excluding such items as lobster, snow crab, prime cuts of beef even if the program was not reduced?

  25. LarryFine says:

    Hey ! Lighten up on Polago… after all he ‘doesn’t trash people or name call, he understands problems have to be solved… yadda yadda yadda’

  26. “If the intent was immediately understood by your liberal brain trying desperately to find fault with Roncella’s logic, that is understandable.”

    HUH????

    Are you suggesting that I intentionally try to misunderstand what Roncella wrote?

    Or, am I trying to misunderstand what you wrote, TMell?

    “They aren’t engaging in a conversation, they are just waiting to speak.”

    You must be speaking of Roncella, who says the same thing over and over, just waiting to say it, yet again.

  27. Hey, I have a solution! Cut taxes on the mega rich, because the less taxes that they pay, the more the money will trickle down. Lets also encourage corporations by giving them tax breaks for giving our jobs overseas. Lets also do away with regulations in our banking, big mega corporations and CEO’s. Certainly that money and jobs will trickle down through the middle class! Its just crazy enough to work! Lets give it a try!

  28. menopaws says:

    We did NOT elect this “new” Congress to tell Americans and the world that it is okay to default on our debt………..They have done very little but stand in front of television cameras and flap their ignorant mouths………..I assume all of you know that our default will put our bonds on the same level as most third world countries…………So, let’s be clear—our new elected tea party types believe it is more important to run our economy off a cliff than show good governance skills by working with the other party, also elected by people to Congress. And, Roncella, our President uses a teleprompter—-so what? Listening to your written words convinces me that might help you gain some coherence…….
    This country should stand by it’s debt with integrity. I hope in 2012, these “new” people get sent packing. Their ignorance may well destroy our economy.

  29. “This country should stand by it’s debt with integrity.”

    We do… and we will…

    To be clear… their is no automatic default come August 2nd… We just cant borrow anymore money… OK, we just have to make due with the revenues that come in estimated to be $200,000,000,000.00 per month…

    The interest payment is estimated to be $20,000,000,000.00… 10% of the estimated incoming revenue…

    Unfortunately we spend $330,000,000,000.00… whoops…

    Guess we gotta put olde Timmy and Barry on a budget… hmmm, wonder where that is?

  30. Obama was appearing at some news conference, I can’t remember the purpose of it or who was with him.

    ron – that may pass your truthiness test but it doesn’t really impress me that you remembered the details of what was said by the President.

  31. bb – I provided the link to the news conference and I don’t remember the exact subject or purpose of rolling out the teleprompter…

    pick a subject for the media heads… get some airtime… warmup the teleprompter… load it with words… proceed as follows:

    I am the one
    I want this
    They suck and want to kill granny (along those lines) repeat a few times….
    I and what I want is the answer
    Do what I want

    Transition to gettin’ all folksy but authoritive…

    For interacting with the media heads:

    Listen to the question for keywords
    Body language is to appear to be professorial with authority. Look down at the minions… remember to be subtle but effective.
    Begin with a related answer and then answer the way I want using the media keywords as guidance and to fool them I am on subject

    Note: remember to say they suck (repeat as necessary)
    and remember to provide a related yet inane statement they can repeat on the air… over and over and over again… distracting them from the subject at hand… (example: debt bad… investment good… Republicans bad… time to eat your peas…)

  32. LarryFine says:

    Love it xx… not only humorous and timely, but spot on.

  33. Sooo, Larry, now YOU are carrying xx’s water… got it.

  34. Roncella and xx98;

    “There’s no such thing as shovel-ready projects”
    Yes Obama did say that.

    “made budget problems worse”
    Hogwash, Obama said no such thing.

    From your article “While Republicans have cast the stimulus, and most of Mr. Obama’s other policies, as failed initiatives, the president told the Times he expects more cooperation from Republicans after the midterms.

    And the Health Care Reform Act was not even mentioned in the article.

  35. x

    The first is a quote from Obama and is an answer to the challenge that Obama never said it… That was te sole purpose of the article.

    The second is an assessment and is true considering that unemployment is up, underemployment is up, debt is up considerably under Obama, his answer to the debt issue is to spend more money and tax more.

    The best indicator of how bad Obama is is that my liberal mother has been very cranking lately… you lose my mother and the election is just a formality to the one-term presidential unemployment line.

    Really is that the post you thought was a zinger… the article was never meant to answer the rest of the stuff you refer to.

  36. Xx98,
    So the Feds take in $200 billion dollars a month?

    And spend $330 billion a month?

    And where did you get your numbers?

    Now CNN says “Raise the debt limit – or we will have a $750 Billion short fall just in the last 6 months of this year.

    http://money.cnn.com/2011/02/17/news/economy/debt_limit_spending_cuts/index.htm

  37. Roncella, at 8:43 AM
    “President Obama has made the budget problems worse in less than three years spending trillions of dollars on stimulus packages that did not stimulate anything, there never was any shovel ready jobs and Obama finally admitted that and his bankrupt Obamacare bill has done nothing but make matters worse.”

    Xx98 at 10:15 am
    “President Obama has made the budget problems worse in less than three years spending trillions of dollars on stimulus packages that did not stimulate anything, there never was any shovel ready jobs and Obama finally admitted that…”

    “First, that is what I read so not sure what you are reading…”

    “Second, Obama said it…”

  38. Where did I get my numbers??? Probably the same place CNN got theirs…

    Divide 750b by 6 and you get 125b

    Subtract 200b from 330b and you get 130b

    Close enough for government work don’t you think?

  39. what is you point with the 8:15pm post?

  40. LarryFine says:

    Agreement is now considered carrying water ? (too bad you missed the sarcasm, I was mocking you guys by repeating what one of you dolts said earlier) LOL.

  41. You’re always trying to mock someone, Larry. Who cares?

    You can carry aislander’s water all day long if that’s what pleases you. And vise versa for that matter.

  42. Larry repeats what he hears/reads. It is up to us to determine whether he is mocking or adoring the originator of the statement.

  43. LarryFine says:

    … just following suit… and as usual, the usual whiners are illustrating what hypocrites they are.

  44. LarryFine says:

    LOL, now P is projecting too.. kooky.

  45. LarryFine says:

    … see what I mean ?

  46. Everyone sees what you mean, LarryFine. You’re quite transparent.

  47. It’s all about getting reelected.

    McConnell warns GOP not to take hard debt-limit stand

    “WASHINGTON — Failure to raise the U.S. debt limit would probably ensure President Barack Obama’s re-election in 2012, Senate Republican leader Mitch McConnell warned fellow conservatives on Wednesday, fresh evidence of deep GOP political divisions on an issue of paramount importance to the nation and its economy.”

    http://www.htrnews.com/article/20110714/MAN0101/107140435/Nation-world-update-McConnell-warns-GOP-not-take-hard-debt-limit-stand

    Read more: http://blog.thenewstribune.com/letters/2011/07/12/debt-argument-leaves-us-out/#ixzz1S5klSMhY

  48. Roncella says:

    The leader of the senate, Harry Reid, has not proposed a budget in amost 2 1/2 years. Obama has not shown where and what his budget is all about, as no one has seen an Obama budget.

    Its time for MC Connell to demand that Obama present a budget proposal so all Americans can see just where his priorities actually are. All Obama has done is stand back and attack the Budget presented by Republican Ryan, never producing his own budget in over 806 days.

    Maybe Obama should take his own advice and start eating his peas and get busy at the Whitehouse working rather than playing basketball or having parties or golfing, he needs to do his own home work and get a budget written Now.

  49. It’s all about politics.

    Boehner and McConnell want to sucker Obama into raising the debt limit, so that they don’t have to take the heat for doing it themselves. They don’t care so much if the debt limit is raised or not. They just don’t want to have to do their jobs.
    ————————–
    “Speaker John Boehner on Thursday left the door open to Senate Minority Leader Mitch McConnell’s last-ditch plan to raise the debt limit.”

    “I think it’s worth keeping on the table,” Boehner said.

    “McConnell’s plan would give President Barack Obama the power to raise the debt ceiling three times through 2012, unless Congress stops it with a two-thirds majority vote. Under that plan, Republicans could vote against raising the debt ceiling without risking default.”

    “What may look like something less of an optimal today, if we’re unable to get to an agreement, might look good a couple of weeks from now,” the Ohio Republican told reporters on Thursday.

    Read more: http://www.politico.com/news/stories/0711/59007.html#ixzz1S6hlMu9P

  50. Boehner and McConnell know that having an active (extremist) base is a blessing and a curse – they can count on their activism but are worried that it will turn against them if they act like reasonable politicians (“politics is the art of the possible”)

  51. LarryFine says:

    Where is that quote about “people who think they know how other’s think are fools” when need it ?

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