THERE IS NO AUGUST 2 DEADLINE!
There is no August 2 deadline for economic disaster if the debt ceiling is not raised by that date. That date was taken out of thin air by Treasury Secretary Tim Geitner. There is no accounting data that anyone can point to support his claim.
Obama threatens to not pay the military and senior citizens. This is all a threat and not true. The government still has income. Have you paid your taxes this year? Of course you have and who collects that tax? The federal government. They are only trying to frighten us to go along with them to spend more money. The latest income numbers estimate that the government expects to take in about $173 Billion in August. The interest on the debt is about $29 Billion. We can pay our bills! It is just that the Democrats, and Congress, will not be able to spend everything they want. What does every household in the country do when the money runs out? Cut spending.
‘It is the Republicans fault and we should blame George Bush.’ The truth is that it has been Obama that has forced the government to borrow more money in the past two years than any other president did in the prior eight years.
It is the responsibility of the President to present a budget every year. He has not been able to pass a budget in over a year. There is a law, Section 7 of public law 95-435, that states “Beginning with fiscal year 1981, the total budget outlays of the Federal Government shall not exceed it’s receipts.” It has been the law of the land and has not been repealed. Of course it has not been obeyed either.
Obama keeps harping on needing to tax the rich. He insist that “Congress has run up the credit card”. It is Obama that has insisted on all this spending. The government bean counters say that if the debt ceiling is not raised, we will not be able to pay 44% of our bills next month. That would be great! We would have to cut spending because they do not have the funds. Look at all the expenses of the government and cut a great deal of them. What would happen if we cut the Energy Department, Commerce Department, Interior Department, and others? I would think that we would soon realize that we can get along without them. Get out of the way and let the American people do what they do best, out produce the rest of the world.
If the bloated bureaucracy were to shut down, what would happen? Ask some of our “old-timers” what happened after World War II. We had millions of soldiers returning home. We had been making supplies for the war and we had to change. These people turned their attention to making consumer goods and the nation was prosperous for decades. The same would happen today if the bureaucracy was drastically reduced.
All that Obama, and most of the Democrats, are interested in is to kick this spending issue down the road until after the elections. This is pure politics and not for the good of the country. Next they resist a solution to postpone the decision until December with the argument that it will spoil Christmas.
Obama is not a leader! We need to work to replace him next November. We can not afford to have him in control for another four years. Without the pressure of reelection, he will take this nation down the road to destruction. We should let our leaders know that they need to draw the line on spending. Stand up for what is best for the country and stop the spending binge.
PRAY FOR AMERICA!
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