Thursday, July 28, 2011

Rand Paul - The Truth About The Debt Ceiling Crisis



Boehner's plan is just as bad as Obama and Reid's.

3 comments:

Anonymous said...

As much sympathy as I have with the Republican drive to reduce the deficit, the ceiling fracas is positively moronic. The budget previously passed for this fiscal year was predicated on additional borrowing. Essentially, congress and president made a promise to pay money that Republicans are now refusing to allow to be disbursed. It is as intellectually dishonest as anything I've seen out of D.C.

Judy Aron said...

"Essentially, congress and president made a promise to pay money that Republicans are now refusing to allow to be disbursed."

That is utter nonsense. Republicans are not refusing to disburse funds - in fact there is enough money to cover our payments Washington prioritizes properly - and anyway we have in fact defaulted before. (Please read previous posts). The sky won't fall. Lending institutions are already re-writing their policies to accept AAA bonds "and government bonds" - a downgrade won't affect us in the least except it will be more costly.

What is needed is less spending and no ceiling increase.
The Boehner plan is BS because it raises the debt limit and has phony spending cuts - along with an unconstitutional "Super Congress' committee.

Obama has no plan and Reid just wants to spend spend spend. We cannot go on with business as usual. Fiscal sanity must be employed and that means spending less. Period.

As for default - we are already in default.

Yes - this whole debt thing is positively moronic. Political Kabuki theater complete with bogus scare tactics and political posturing. No wonder our country is in the shithole.

Eric Holcombe said...

"...you're gonna walk away with zilch..other than principle..other than, that you stood on your principle and you met your obligations to your constituents that's what you ran on."

Well, here in flyover land, we still call that integrity.