Posts Tagged ‘Debt Crisis’

Likely Outcome Of So Called Fiscal Cliff Negotiations

Politicians and their media allies have been screaming for months that the so called “fiscal cliff” will spell the end of America. While most people agree that raising taxes in our slow economy would be a bad idea, the real purpose for all the chicken little, “Sky is falling”, rhetoric is purely political. The real purpose is to convince the American people that we should increase taxes, while eliminating cuts that came out of the Super Committee during the battle over the increasing the debt ceiling in the summer of 2011.

To predict the outcome of the “fiscal cliff” negotiations, one needs to understand that nether the Democrats or Republicans are really interested in real cuts in spending, specifically for the government programs they seek to protect.

Republicans’ Sacred Cow
Just listen to the GOP when faced with a reasonable $60 billion dollar per year cut in military spending.

What war hawk Lindsey Graham doesn’t tell you is that even with the $60 billion per year in cuts, the U.S. will spend 5 times more on its military than China and 10 times more any other nation.

Clearly, America’s military industrial complex will continue to dominate the world, in spite of the GOP’s fear tactics and absurd claims that the cuts will “destroy the military”.

Democrats’ Sacred Cows
While the Republicans are unwilling to cut military spending, the Democrats are unwilling to cut any other government program, especially the major entitlements that are driving the massive debt we are accumulating. Just listen to the left when they are pinned down on what they are actually willing to cut.

So this clown suggests that raising taxes is a cut? If it weren’t so pathetic, it would be laughable. The Democrats have no intention of cutting anything.

The Likely Outcome
There will be a deal, a very bad deal for the American people. As usual, the politicians on both sides will delay until the last minute, claiming that doom is upon us and they must act now to save America from certain disaster.

The Republicans will agree to raise taxes on successful families and small business, in exchange for eliminating the military and domestic cuts agreed to in 2011. Any real cuts, along with any discussion of limiting the size and scope of government, will be dismissed, with promises of taking up the issue at a later date. That date will never come.

Both sides will declare victory, as America races toward a $20 trillion debt and a total collapse of the monetary system. This is what happens when corrupt leaders put short term politics ahead of long term public interests. We have no one to blame but ourselves. The Tea Party sounded the alarm but was demonized by the left, right and the media. We voted for these people, without taking to time to really understand the long term crisis we face. In light of that, we will end up getting exactly what we deserve.

America’s Credit Rating Downgraded – The Tea Party Was Right

The Tea Party movement warned that failure to address our massive government debt as part of the recent debt ceiling debate could result in downgrading of America’s credit rating.

Instead of making tough decisions and real spending cuts, progressive Democrats attacked the Tea Party as being racists and terrorist. The Obama administration refused to cut spending and instead chose to play partisan politics, which has now resulted in the S&P downgrading America’s credit rating for the first time in history.

A cornerstone of the global financial system was shaken Friday when officials at ratings firm Standard & Poor’s said U.S. Treasury debt no longer deserved to be considered among the safest investments in the world.

S&P removed for the first time the triple-A rating the U.S. has held for 70 years, saying the budget deal recently brokered in Washington didn’t do enough to address the gloomy long-term picture for America’s finances. It downgraded U.S. debt to AA+, a score that ranks below Liechtenstein and more than a dozen other countries, and on par with Belgium and New Zealand.

The GOP placed multiple plans on the table and passed three bills though the House which would have averted this downgrade. Instead of supporting and passing these bills, Harry Reid and his progressive allies in the Senate held a gun to the head of senior citizens and proclaimed that Grandma would be tossed off a cliff if any of these spending cuts were enacted.

This epic failure by the president and the progressives in Congress could be very damaging, causing interest rates to spike and making it more difficult to get a loan. It’s not those in the Tea Party movement who are acting like terrorists, it’s those who refuse to address the out of control spending and debt. The entire economic system will explode and come crashing down around us if America doesn’t change direction, and soon.

Let’s Blame The Tea Party For America’s Debt Crisis

The Tea Party movement is composed of average American citizens who simply decided to point out the fiscal ineptitude of their elected politicians. Why? Perhaps it’s because most of the politically ideological driven sheep-like citizenry of America have allowed politicians to kick the can, finger-point, and name call their way into office, while using our tax dollars to buy reelection. Apparently, the mainstream media has abdicated it’s once cherished role as “watchdog” and have become nothing more than a mouthpiece for the statist policies of Washington’s political elite. The citizens of America are as responsible as the politicians for the fiscal train-wreck that has befallen our great country because we have allowed ourselves to become uninformed. Since most Americans are too complacent and caught up in their own lives to educate themselves as to why D.C. politics has become detrimental to the sovereignty of our country, a force was needed to combat the apparent European-style socialist driven policies that are responsible for the impending financial crisis. A group of informed citizens was needed to act as a firewall to slow down and eventually stop this mad race to implement “The American Financial Insanity Act”, which serves to enslave future generations with unmanageable and perpetual debt.

The Tea Party formed as the voice of fiscal sanity, constitutional government and maximum individual liberty. Contrary to media blather, members of the Tea Party movement have became a needed voice of reason in American politics, a voice in opposition to endless government spending and growth. They have demanded politicians stop using tax increases to continue to grow the federal government and debt. The Tea Party wants to see an end to irresponsibility, unaccountability and the increasing level of corruption in government we now see, a government driven by a progressive ideology from both the Republican and Democrat parties. The Tea Party movement brought to the forefront these issues and have revealed the fraud on both sides of the political spectrum, and seeks to expose those who benefit from the corrupt system. The political elite’s game of “shadow-play” is now out in the open, and they don’t like it one bit.