On the debt ceiling: stop talking and legislate. It will clear the air he’s befouled.
President Obama said at his increasingly notorious press conference on Monday, “America cannot afford another debate with this Congress about whether or not they should pay the bills they have already racked up.” He added, “[T]he issue here is whether or not America pays its bills. We are not a deadbeat nation.”
No that is not the issue. The issue is whether having already racked up a world record smashing $16 trillion in national debt, President Obama is going to be granted a license to rack up trillions more in national debt without enacting some control over runaway federal spending.
Raising the debt limit has nothing to do with paying the bills we have already racked up. That is just more obfuscation and calculated deception from President Obama. He thinks he can confuse the public about the real issue, on which he expects help from the Democrat party-controlled media.
Raising the debt limit just racks up more bills that will have to be paid, just like raising the credit limit on your credit card, and charging still more. Suppose you have been spending two thirds more than you earn for years, and charging the difference on your credit card. But now you have reached the credit limit on that card. Would raising that credit limit and charging still more help you pay the bills you have already racked up? Or would that rack up still more bills that have to be paid?
But Obama added, “there is no simpler solution, no ready, creditable solution other than Congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling, because this is about paying your bills.”
No, this is not about paying your bills. It is about putting off paying your bills to the future, by borrowing still more. It is about borrowing today so you do not have to pay your bills today. That is what President Obama and the Democrat party are supporting, in plain, common sense, English
But President Obama continued to spin confusion at the press conference:
You don’t say, in order for me to control my appetites, I’m going to not pay the people who already provided me services, people who already lent me the money.
That’s not showing any discipline. All that’s doing is not meeting your obligations. You can’t do that… Even the threat of default hurts our economy…. you never saw a situation in which Democrats suggested somehow that we would go ahead and default if we didn’t get 100% of our way. That’s just not how it’s supposed to work.
But the Republicans are not proposing to cut past spending. They are proposing to cut future spending, or actually just to reduce the increase in runaway, unprecedented, world record shattering spending that Obama and the Democrats are demanding.
Moreover, THERE IS NO ISSUE OF DEFAULT ON THE NATIONAL DEBT in the debt ceiling debate. Even with no increase in the debt limit at all, any debt that comes due can simply be rolled over and replaced with new debt. without violating the debt limit.
In addition, even with no increase in the debt limit at all, people are still required to pay their taxes. And just income taxes alone, not counting Social Security payroll taxes, are 6 times greater than the interest on the national debt. So that can and will continue to be paid, even with no increase in the debt limit at all. Indeed, President Obama is required to pay it by the Constitution, and failing to do so would be an impeachable offense.
The Democrats Veer Into Chavismo
President Obama continued his calculated deception at the press conference, saying: “You don’t go out to dinner and then, you know. eat all you want and then leave without paying the check. And if you do, you’re breaking the law.”
But the only people talking about breaking the law are Obama’s Democrat allies in Congress, who are calling upon him to rule by decree, like a Latin American despot.
Senate Majority Leader Harry Reid sent the President a letter, urging Obama just to bypass Congress and raise the debt ceiling on his own by “executive action.” House Minority Leader Nancy Pelosi called on Obama to do the same.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?