President Obama would like to have the debt ceiling raised past the 2012 election with cuts stretched out over ten years.
This is a Wimpy Burger Deal, for those of you who may not recall Popeye Cartoons, Wimpy was the cartoon character who continually promised if you gave him a hamburger today, that the would 'gladly pay you on Tuesday'. An ethic that Democrats in the House and Senate and President Obama have adopted as a strategy to win the election in 2012.
From Hot Air, ..."In general, the president’s op-ed amounts to the same old tired suggestions — and still no real plan. It’d be one thing if the Gang of Six plan had been prepared weeks in advance, if Congress had had time to debate and amend it, if the American people had had a chance to appraise it — then the president would have been perfectly justified in speaking of it as “a promising plan.” The McConnell compromise, of course, isn’t a deficit reduction package at all. As it is, the president and the Senate said “no” to the only plan that was prepared ahead of the deadline (a deadline the president has insisted is hard and fast!)..."
Where was Obama on the huge deficits, why has he waited until the very last minute? Further why do the Democrats insist on no policy but their Agenda, one that has outspent every Congress and President in the history of the US.
According to Peter Ferrara in an article at Forbes, regarding Obama's fear mongering aimed at seniors, ..."That $2.7 trillion in the Social Security trust funds is almost 20 times what would be necessary to cover the Social Security cash flow deficit this year.
Consequently, the president’s political gamesmanship in ruminating about possibly not having the money to pay Social Security benefits is simply abusive rhetoric, taking seniors hostage to force Republicans to agree to yet another tax increase. It is conduct unbecoming of a president.
Actually, it is worse than that. The Social Security trust fund bonds are explicitly backed by the full faith and credit of the United States. Therefore, Obama is constitutionally obligated to pay the interest and principal of these bonds when due just as with the rest of the federal debt.
That is what Obama must do to fulfill his constitutionally required duty to take care that the laws are faithfully executed. The president does not have discretion under the Constitution to refuse to pay interest and principle on the national debt, including the Social Security trust fund bonds, as long as he has the money to do so, which he would even without an increase in the debt limit, or taxes, as explained above. Therefore, failing to do so, and to pay Social Security benefits as required by law, would be an impeachable offense.
While President Obama stands at his bully pulpit and blusters it appears that all we are getting is more hope and change and nothing in writing from President Obama.
Shame on the Democrats for not observing their sworn fiduciary duties to pass a budget and act responsibly.
It is time for Democrats to accept their failed big spending agenda, and to wake up, balance the budget, stop spending money we don't have and live within this nations means.
It is it time for Democrats to be exposed by all of us, since the Main Stream Media seems no more capable of a frank and candid discussion of the road to ruin this nation faces than the Democrats, a result of rampant spending and borrowing from those who are not our friends.
I looking forward to a monumental colossal devastating defeat of President Obama and the Democrats who have since the 110th Congress put Party before this nation, the peoples wishes and an agenda aimed at undoing all that makes America Exceptional.
A colossal defeat will be Democrats just desert. They work for all of us, not just those who elected them to office, and we the people have had enough of Democrats and thier agenda.