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We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any increases in taxes.
In Texas, state leaders managed to balance the budget, hold the line on raising taxes, preserve billions in a rainy-day fund and prioritize funding for public schools. That sort of philosophy is a big reason Texas accounts for 45 percent of net U.S. job creation since June 2009, according to the Federal Reserve Bank of Dallas.
In South Carolina, for the first time in history, legislators have to record their votes on every section of the budget, so that voters can see their spending habits. And a new marker has been laid down every dollar that comes in after the budget is initially balanced should go to one of three things: tax relief, debt relief or rebates directly to taxpayers. No longer will South Carolina spend every single dollar every single year.
The only way to get the federal government to end this indefensible practice is to draw a line and finally hold Washington accountable. The pledge weve signed represents an important step in this process.
It calls for the kinds of budget cuts Washington needs now and for a hard cap on all future spending. And it finally moves us to a mandatory balanced budget that will end the era of national debt, raging deficits and failed stimulus programs that have negatively affected so many aspects of American life.
Do you really think the Papa Obama and the Left have any real ideas that are going to help?
Goop OP piece on the whole debt limit issue from two GOP governors...
Break the spend-and-borrow cycle - The Washington Post
Highlights...
We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any increases in taxes.
In Texas, state leaders managed to balance the budget, hold the line on raising taxes, preserve billions in a rainy-day fund and prioritize funding for public schools. That sort of philosophy is a big reason Texas accounts for 45 percent of net U.S. job creation since June 2009, according to the Federal Reserve Bank of Dallas.
In South Carolina, for the first time in history, legislators have to record their votes on every section of the budget, so that voters can see their spending habits. And a new marker has been laid down every dollar that comes in after the budget is initially balanced should go to one of three things: tax relief, debt relief or rebates directly to taxpayers. No longer will South Carolina spend every single dollar every single year.
The only way to get the federal government to end this indefensible practice is to draw a line and finally hold Washington accountable. The pledge weve signed represents an important step in this process.
It calls for the kinds of budget cuts Washington needs now and for a hard cap on all future spending. And it finally moves us to a mandatory balanced budget that will end the era of national debt, raging deficits and failed stimulus programs that have negatively affected so many aspects of American life.
It reads like TPM rally talking points. No specifics or details, as usual. Otherwise subjective partisan reactionaryism.
Like most on the right they have no desire to balance the budget, they instead see the deficit as a political opportunity to attack and destroy hated New Deal programs.
1...substantial cuts in spending
2...enforceable spending caps to put the country on a path to a balanced budget
3...congressional passage of a balanced-budget amendment to the U.S. Constitution
Goop OP piece on the whole debt limit issue from two GOP governors...
Break the spend-and-borrow cycle - The Washington Post
Highlights...
We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any increases in taxes.
The only way to get the federal government to end this indefensible practice is to draw a line and finally hold Washington accountable. The pledge we’ve signed represents an important step in this process.
It calls for the kinds of budget cuts Washington needs now and for a hard cap on all future spending. And it finally moves us to a mandatory balanced budget that will end the era of national debt, raging deficits and failed “stimulus” programs that have negatively affected so many aspects of American life.
Worst. Ideas. Ever.
Obama has offered greater cuts to Social Security and Medicare than any president in the history of these programs. His cuts far exceed anything proposed by Reagan, who -- by the way -- raised taxes several times (where Obama has not raised taxes once. Yes, Reagan was sane - he refused to let transnational billionaires skate while the middle class and elderly shouldered all the cuts). For God's sake, Obama has offered to raise the age for medicare - something not even considered by Reagan or Bush. He has made concessions that far surpass ANY Republican presidential administration. His proposals are to the Right of 80% of the population.
The Bush administration turned a surplus into the greatest debt in history. The waiter finally showed up with the bill and the GOP is conveniently walking away, leaving poor workers to pay for it . . . again (and again). Subsidies for oil companies or GE won't get touched, but programs for the middle class will continue to be slashed.
Obama has made proposals to the Right of what ANY president has ever attempted . . . and the GOP rejected it. Obama is offering greater cuts than anything George W Bush proposed. Obama is offering greater cuts than anything Ronald Wilson Reagan proposed.
[I remember in the 70s when the Right decided to counter the Leftwing control of the universities. They created a machine which effectively channeled business profits into think tanks and popular media. Their approach was deeply Leninist - they lied systematically in order to create what they thought were noble outcomes. They created a talk radio machine which turned black into white and Hussein into Bin Laden. The party of small government bankrupted us with the insane dream of rebuilding the Arab World. They created Big Government conservatism and spent more than any administration in history. Bush 43 passed Medicare Part D, the greatest entitlement expansion in history. . . and we didn't hear a peep from the Tea Party. Now, a Democratic president has proposed the most radical cuts to entitlements in history . . . and the useful idiots are being told to reject it. If these people had any sense, they would force their leaders to take the largest cuts in history. But we know this won't happen . . . because useful idiots never question their leaders. That's why they're so useful. Wow.
Obama has offered greater cuts to Social Security and Medicare than any president in the history of these programs. His cuts far exceed anything proposed by Reagan, who -- by the way -- raised taxes several times (where Obama has not raised taxes once. Yes, Reagan was sane - he refused to let transnational billionaires skate while the middle class and elderly shouldered all the cuts). For God's sake, Obama has offered to raise the age for medicare - something not even considered by Reagan or Bush. He has made concessions that far surpass ANY Republican presidential administration. His proposals are to the Right of 80% of the population.
The Bush administration turned a surplus into the greatest debt in history. The waiter finally showed up with the bill and the GOP is conveniently walking away, leaving poor workers to pay for it . . . again (and again). Subsidies for oil companies or GE won't get touched, but programs for the middle class will continue to be slashed.
Obama has made proposals to the Right of what ANY president has ever attempted . . . and the GOP rejected it. Obama is offering greater cuts than anything George W Bush proposed. Obama is offering greater cuts than anything Ronald Wilson Reagan proposed.
[I remember in the 70s when the Right decided to counter the Leftwing control of the universities. They created a machine which effectively channeled business profits into think tanks and popular media. Their approach was deeply Leninist - they lied systematically in order to create what they thought were noble outcomes. They created a talk radio machine which turned black into white and Hussein into Bin Laden. The party of small government bankrupted us with the insane dream of rebuilding the Arab World. They created Big Government conservatism and spent more than any administration in history. Bush 43 passed Medicare Part D, the greatest entitlement expansion in history. . . and we didn't hear a peep from the Tea Party. Now, a Democratic president has proposed the most radical cuts to entitlements in history . . . and the useful idiots are being told to reject it. If these people had any sense, they would force their leaders to take the largest cuts in history. But we know this won't happen . . . because useful idiots never question their leaders. That's why they're so useful. Wow.
Goop OP piece on the whole debt limit issue from two GOP governors...
Highlights...
We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any increases in taxes.
Hmm, So they oppose raising spending unless we cut spending. That don't make sense. The debt limit is a cap. A blanaced budget ain't going to happen.
