Archive for August, 2011

Tea Party Blamed For Debt Deal Debacle

Posted in Politics with tags , , , , , , , , , , , , on August 6, 2011 by authorcarloscardoso

The article begins with a baseless and offensive attack against conservative Americans in its title, “Tea party has engaged in economic terrorism”. The truth is that the Obama administration and the super majority in both houses of congress gave the Democrats the ability for 2 years to raise the debt ceiling to whatever level they wanted to finance all their spending plans and failed to do so. The President offered no vision, plan or any sense of urgency on resolving the issue until the Treasury Department declared the country would default on its obligations to pay our debts unless the debt ceiling was raised by August 2, 2011. This statement was misleading and began to cause concerns in the markets. They should have assured the world that the US would not default on any loan payments. The federal government could have begun looking at non-essential government workers and beginning to implement a furlough program to extend the government’s ability to pay for all essential services.The federal government didn’t do what all local, county and state governments did when faced with that dilemma, cut government spending. No they proposed allowing them to spend more. They needed to find unnecessary bureaucracy and cut the size of the federal government. The Tea Party wasn’t the irresponsible group in this fiasco, no it was the Democrats who refused to consider significant spending cuts when they knew this path of spiraling debt is unsustainable especially in this weak economy. The author who is nationally syndicated could have debated her points without resorting to calling those who disagree with her, “economic terrorists and equating their actions with that of Al-Qaida. Then she went on to call them” ignoramuses” again degrading and slandering her opponents because she cannot win in an honest and open debate on the issues without resorting to name calling. The Tea party which is an ideal shared by many American citizens who understand that we must fix our economic situation if we are to regain our place as the leader of the free world.

This country is at a crossroads and the choice has never been clearer, do we want a government that believes that taxing, spending and borrowing, leading to unfathomable amounts of debt is the proper course for our nation to take? Debt that our generation will not be able to pay to leave to our children and grandchildren to pay is unconscionable. Thomas Jefferson wrote, “Then I say the earth belongs to each of these generations during it’s course, fully, and in their own right. The 2d. generation receives it clear of the debts and incumbrances of the 1st., the 3d. of the 2d. and so on.”Or do we want a limited government that can live within its means. The Wall Street crash and downgrading of our nation’s credit rating prove the debt must be addressed now. How sad is it for our country to have to listen to Vladimir Putin of Russia call the United States a parasite on the world because we can’t live within our means. China has said the good old days of borrowing are over.

The stock market has been plummeting since the debt ceiling debate showed that this administration had no intention of significantly cutting spending any more than they had to. They also showed their hypocrisy when they continued to talk about revenues, meaning tax hikes after they agreed to the idea that the economy was too weak in the lame duck session of congress to raise taxes and they agreed to extending the Bush tax cuts until 2012. This President has the ignominious honor of being the first President to lose the country’s triple A credit rating and having more people receiving government assistance than ever before in history. All while unemployment remains above what he said it would in spite of the stimulus package that needed to be passed immediately to avert a possible depression. Now with our credit in question, our economy in shambles, unemployment and foreclosures up and the housing market severely weak, here come rising interest rates and further devaluation of the dollar to further weaken our economy. The President needs to take responsibility for the economy and his role over the last two years through the effects of his policies. He also needs to use his influence to end the toxic atmosphere in politics by calling for an end to the bashing of his opponents and toning down this incendiary rhetoric.