Raising the debt limit is a bad idea. Period.

Amen…! : (

Carl Nemo **==

I remember Tom Delay announcing that his party had removed “all the fat” from government; that there was nothing more to do in that regard. Within a few years (and a different president) that has changed.

In ’05 or ’06, the House voted one day to cut $39 billion from the budget in the form of veterans benefits, education, etc. Several days later the same House voted to expand tax cuts by around $70 billion. I sent my congressman a letter inquiring as to the paradox in this, and his reply was that his party was going to show “fiscal responsibility.”

I consider the citizens to be poorly served by the two parties. The Democrats are as useless as henpoop on a pump handle, spineless now but ready to pounce with authoritarianism when they have the chance. The current president is tacking to the right of Ronald Reagan, but that apparently isn’t enough for the Republicans at this time.

Being old enough to have indulged in the Firesign Theater in my youth, I’m reminded of the song that was sung by the choir of The Church of The Presumptious Assumption Of the Blinding Light”

Oh blinding light,
Oh light that blinds,
I cannot see,
Look out for me.

We’re all stuck in the back of a bus being driven by drunk lunatics.

We need both massive spending cuts along with tax increases across all Federal venues of taxation and not simply the income tax.

Inflation is alive and well in the marketplace, so too this inflation must be passed on in the tax base providing there are massive spending cuts now and into the future. There’s no other way to make headway against our crushing debt load.

E.g., by simply scrapping Obamacare they’ll save 900 billion into the future. In addition if they cut all Federal programs by 10% including defense; I.E., no ‘sacred cows’ they could pull off a solution for this crisis. There’s also a host of programs that simply need to be deep sixed since they represent nothing but feelgood pork dispensed by Congressional reps to their constituents back home in Mayberry, USA.

I’ve posted “The Government Fraud and Waste Report” a number of times during the past few months. I’ve calculated that 200 billion per annum could be saved by simply scrapping useless to wasteful government sponsored boondoggles not including my recommended ten percent cut across all government programs. Medicare fraud reached an unprecedented 80 billion last year; ie., outright stolen from the funding. These cuts would also include military and government pensions as well as active duty service and government personnel. Even Congress and the President needs a pay ‘haircut’…! : |

http://hoguenews.com/?p=4834

This way no single party gets blamed because each crossed the line in a big way and did what’s necessary to save the nation from the financial embarrassment of sovereign default along with the brutal societal ramifications resulting from such.

Carl Nemo **==