We all know that if give Uncle Sam another spending fix we’ll just have to do this this all over again.

If we don’t stop this reckless spending now then when will we?

If we don’t stop borrowing money and adding to the debt then when will we?

We need to be ideological warriors instead of wimps. It is well past time to say NO MORE DEBT. CUT SPENDING NOW.

No more kicking the can down the road. No more reductions in the rate of spending instead of actual cuts.

Enough is enough. The Republican Party needs to man up and stop wimping out.

for whatever thats worth. I let him know that I would volunteer to work for ANY challenger for his seat in the next Republican primary if he voted for ANY form of debt ceiling increase.

A Democrat/Liberal/Progressive without not just the power to spend, but the limitless power to potentially spend, has no reason to exist. This is nothing less than an existential crisis for an enormous number of people, and they will not go quietly.

We are at a watershed moment in our nation’s history, and there is every reason to believe the same is true on a worldwide scale. Collectivism’s failure as an applied system of governance was responsible for hundreds of millions of deaths in the 20th century, and we watch today as it drowns in a pool created by its own excesses.

Our response MUST be to let it die, without an ounce of mercy nor the slightest hint of aid. Because anyone within reach will be dragged beneath the surface. And, we are confronted by its current ostensible leader as he tells us “not to call his bluff.” The fact this is at best contradictory and at worst gibberish only underscores that now is the time to put an end to this failed period of our (truly) collective history.

No compromises. Not a hint of a step in their direction. Let them go under.

(And that Jefferson quote was sublime.)

This screwed spending spree threatens to blow up.

1) Under Reagan, Alan Greenspan and several others had to redesign how SS was being financed and paid for.

2) Under Clinton we had the government shutdown.

3) Under Bush, we had the economic crash of 2008 and had to do TARP, QEI, QEII, and Stimulus.

4) Now we have the debt ceiling.

When we have major failure events once every 7.5 years, it’s pretty obvious the whole darn thing is being done wrong. Make the system crash and start over again.

Every Republican who wants to raise the debt ceiling is showing their true colors.

It’s easy to stand for smaller government and fiscal responsibility as long as one never has to prove it by actually cutting spending and shrinking government. THIS is Obama’s real leverage against the GOP. He has the raise the ceiling or I’ll prove what fake Conservatives you really are card. That’s why so many Republicans really want to cut a deal.

The whole notion of a debt ceiling is a farce. It will be raised and raised agian, which, in essence meanse that there isn’t a debt ceiling. The Republicans are fighting the wrong fight. Instead, they should propose a debt ceiling that is high enough to fund everything that Obama and the Dems have passed – projected spending for the next 10 years without changes. Then, tell the Senate Dems, that the govenrment shuts down September 30 unless they propose and pass a serioius budget. Go to the American people and lay this out. Fight the fight on spending there. Take away this issue by making it a farce and force the hand of the Senate Dems to actually do their job. Then, you will have a true compare and contrast spending to present to the American people for 2012.

There are about a zillion agencies, a lot of them just useless, redundant bureaucracies… and nobody has offered up a single cut to them They are apparently sacred. The Republicans haven’t made a single mention of any agency or program cuts.
Well… Medicare, but that doesn’t count because if we kill that, it will force all the participants into Obama’s own favorite pet program, and make it bulletproof. What ever happened with that 500 BN waste-fraud-abuse cut? Did that all work out ok?
WHERE oh where is there a single program / agency cut???
Why is there absolutely NO mention of this?
Are we reeeely running on the ragged edge with a skeleton crew in the Federal Government???
Sure..ya.

This fifth statutory report from CBO on the TARP’s transactions follows the report that OMB submitted to the Congress on February 14, 2011.

(snip)

As a result, only $432 billion will be disbursed through the TARP, CBO estimates, well below the $700 billion initially authorized. Overall, the outcomes of most transactions made through the TARP were favorable for the federal government.

http://www.cbo.gov/doc.cfm?index=12118

That is, there is some $268-billion (or significant fraction thereof) sitting around uncommitted – which is about 60% of the debt limit increase Obama is looking for. It is my understanding that none of the TARP money has been released back to the general funds. Why not?

“Default” is pure BS.

I have posted these before, so I apologize for repeating myself, but,
even on August 2 and 3, et. al., the federal government will be receiving revenues from payroll withdrawals, Social Security and Medicare payroll deductions, and quarterly business payments (except for Immelt’s GE that doesn’t pay taxes as it gets credits for its green program but builds its factories in China). Mr. Obama, who just gave his staff an 8% raise when Social Security recipients have not received one in 2 years, could cut all the “engagement advisers,” simply employed to keep the president in touch with his supporters and donators and let them share the sacrifice because, in the president’s favorite words, it would surely be “more fair.”

The government will have nearly $200 billion in revenues: $29 billion goes to DEBT SERVICE (which is why we do not want to borrow anymore) $2.9 billion to military pay, $12.8 to unemployment payments, $32 billion to military contracts, and so Social Security’s $49 billion along with Medicare’s and Medicaid’s $50 billion can be paid (Wall Street Journal).

The president has declared off limits $128 billion in unspent stimulus money (it would pay for 2 months of Medicare/Medicaid or Sec. Sec. checks), $137 repaid TARP monies, $53 for “green” technology (there is one month of Soc. Sec. checks) and high speed rail (no state wants) and student loans (subsumed into the Patient Protection Act), or any monies spent for PPA implementation, whatever that amount is, as we have no budget from the Senate for 2 years to be able to tell.

If the above were not “off limits,” in Aug. at least the gov’t would have over $600 BILLION, so ag. support payments and fed. road work could continue.

If Reps. give up this stand here and now, in 2-3-4-how many? months down the line, the SAME debt ceiling issue and MORE spending will be back in the news again. It all has to stop somewhere. The Reps. should keep saying NO until someone on the left says yes.

obama has changed his position and will not cut any spending from the budget

i think this is all part of the plan he has to blame the repubs for causing the collapse of the dollar and the future default of our debt

i still think martial law will be imposed prior to the 2012 elections and there wont be any voting
this collapse may happen as early as next month when the fed tries to refinance 600 billion in debt after obama signs an executive order to raise the debt ceiling

What Republicans should be doing immediately in the House, rather than these BS talks — just for starters, of course —

Again, these things would only be a start. Would not pass the Senate, but puts the emphasis where it belongs.

excerpt from: New “Contract” = “Contrast for America”
As always, Regards from NoMoTown (THE MOTORless CITY)
Liberals, looking to do for America what they’ve done to Detroit – Destroy it!

The Balanced Budget Amendment (BBA) being pushed by the Reps is also a farce. Why you may ask. Simply because a BBA will never get through the States. There are way too many States already dependent on Federal redistribution of tax, borrow, and spend Big Government to ever pass an Amendment preventing through forced Federal austerity the redistribution of the wealth from the sound fiscal policy States to the socialist policy States. This will get even worse over time and it takes time to get an Amendment through the States even in the best of times. Therefore, the Reps are pushing a BBA knowing full well it will never, ever become law. It is just another smoke and mirrors farce to allow for the increase of the debt limit.