BOY, at O'DarkThirty on Monday AM...I just read Spengler and find myself wishing someone could send this to any of the Repub Reps by just a few hours from now....bring it to Bohner, Cantor and Ryan's attention.....ASAP! We need a blanket BLITZ to get the word out, and all of us know the regular media won't do a thing ....This isn't a Repub/Dem thing....it's an American financial survival thing.
>>>>> The Republicans, rather than shutting down the government, should say something like this: President Obama has doubled the national debt. If we do nothing, the national debt will rise by another $3 trillion, even if you elect a Republican president in 2012 on a program of fiscal responsibility. You the people elected a Republican majority in the House in order to stop this from happening. We have offered a workable plan to the President, but he demands things that we know our constituents don't want – tax increases to fund white-elephant pet projects like high-speed rail. He is threatening to shut down the government in order to get a tax increase.
The trouble is that he's the president, and he can do it. So we are offering him authority to continue borrowing. The 2012 election will be a referendum on this country's economic future. It's tragic that we have to lose an opportunity to staunch the bleeding right now, but that's how our constitutional system works.
The Republicans would then have a year and a half to run against Obama's irresponsibility - his incompetent economic management, his demands for tax increases, his failure to address the deficit. The big problem is restoring growth. Reducing the budget deficit won't help much - not when the Treasury can borrow 10-year money at only 3%, and homebuyers as well as blue-chip corporations can borrow for just a percentage point more. |
