Krauthammer on the National Debt Issue

Discussion in 'Politics' started by gautama, Jul 13, 2011.

  1. gautama
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    gautama BANNED

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    IMO, Charles Krauthammer reflects my opinion on every political issue I've ever read. The following are Krauthammer's thoughts on the all important National Debt Issue:

    Opinion: Krauthammer: The Elmendorf rule

    By Charles Krauthammer

    Posted: 07/09/2011 08:00:00 PM PDT

    WASHINGTON -- Here we go again. An approaching crisis. A looming deadline. Nervous markets. And then, from the miasma of gridlock, rises our president, calling upon those unruly congressional children to quit squabbling, stop kicking the can down the road and get serious about debt.

    This from the man who:

    -- Ignored the debt problem for two years by kicking the can to a commission.

    -- Promptly ignored the commission's December 2010 report.

    -- Delivered a State of the Union address in January that didn't even mention the word "debt" until 35 minutes in.

    -- Delivered in February a budget so embarrassing -- it actually increased the deficit -- that the Democratic-controlled Senate rejected it 97-0.

    -- Took a budget mulligan with his April 13 debt-plan speech. Asked in Congress how this new "budget framework" would affect the actual federal budget, Congressional
    Budget Office Director Doug Elmendorf replied with a devastating "We don't estimate speeches." You can't assign numbers to air.


    President Barack Obama assailed the lesser mortals who inhabit Congress for not having seriously dealt with a problem he had not dealt with at all, then scolded Congress for being even less responsible than his own children. They apparently get their homework done on time.

    My compliments. But the Republican House did do its homework. It's called a budget. It passed the House on April 15. The Democratic Senate has Advertisement
    produced no budget. Not just this year, but for two years running. As for the schoolmaster-in-chief, he produced two 2012 budget facsimiles: The first (February) was a farce and the second (April) was empty, dismissed by the CBO as nothing but words untethered to real numbers.

    Obama has run disastrous annual deficits of about $1.5 trillion while insisting for months on a "clean" debt-ceiling increase, i.e., with no budget cuts at all. Yet suddenly he now rises to champion major long-term debt reduction, scorning any suggestions of a short-term debt-limit deal as can-kicking.

    The flip-flop is transparently political. A short-term deal means another debt-ceiling fight before Election Day, a debate that would put Obama on the defensive and distract from the Medicare campaign to which the Democrats are clinging to save them in 2012.

    A clever strategy it is: Do nothing (see above); invite the Republicans to propose real debt reduction first; and when they do -- voting for the Ryan budget and its now infamous and courageous Medicare reform -- demagogue them to death.

    And then up the ante by demanding Republican agreement to tax increases. So: First you get the GOP to seize the left's third rail by daring to lay a finger on entitlements. Then you demand the GOP seize the right's third rail by violating its no-tax pledge. A full-spectrum electrocution. Brilliant.

    And what have been Obama's own debt-reduction ideas? In last week's news conference, he railed against the tax break for corporate jet owners -- six times.

    I did the math. If you collect that tax for the next 5,000 years -- that is not a typo -- it would equal the new debt Obama racked up last year alone. To put it another way, if we had levied this tax at the time of John the Baptist and collected it every year since -- first in shekels, then in dollars -- we would have 500 years to go before we could offset half of the debt added by Obama last year alone.

    Obama's other favorite debt-reduction refrain is canceling an oil-company tax break. Well, if you collect that oil tax and the corporate jet tax for the next 50 years -- you will not yet have offset Obama's deficit spending for February 2011.

    After his Thursday meeting with bipartisan congressional leadership, Obama adopted yet another persona: Cynic-in-chief became compromiser-in-chief. Highly placed leaks are portraying him as heroically prepared to offer Social Security and Medicare cuts.

    We shall see. It's no mystery what is needed. First, entitlement reform that changes the inflation measure, introduces means testing, then syncs the (lower) Medicare eligibility age with Social Security's and indexes them both to longevity. And second, real tax reform, both corporate and individual, that eliminates myriad loopholes in return for lower tax rates for everyone.

    That's real debt reduction. Yet even now, we don't know where the president stands on any of this. Until we do, I'll follow the Elmendorf Rule: We don't estimate leaks.

    Let's see if Obama can suspend his 2012 electioneering long enough to keep the economy from going over the debt cliff.

    CHARLES KRAUTHAMMER is a Washington Post columnist.

    Please note: The National Debt Issue is a POLITICAL ISSUE. It is my hope that it won't be relegated to some secondary issue as "Healthcare", "Gobal Strategy", etc.

    But then, I am not an expert on relegating articles for political or non-political issues.
     
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    Last edited: Jul 13, 2011
  2. imbalance
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    imbalance Silver Member

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    Krauthammer is a boss. No doubt about that.
     
  3. Grampa Murked U
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    Grampa Murked U Diamond Member

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    I read this editorial yesterday while waiting in line at the barber shop. Accurate and to the point as he usually is.
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    As President of the United States, I believe he should have put out a counter proposal for public comment to the debt ceiling negotiations. It makes for the appearance of a person who is playing politics rather than resolutely trying to work on an agreement. It's not good enough to rail against the opposition's position when you haven't established one of your own. Not something in a speech that can't be scored by the CBO, or that ridiculous budget he put out that got shot down in the Senate 97-0. He doesn't look like a president, he looks like a candidate and that ain't good.
     
  5. gautama
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    gautama BANNED

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    Let's face it, with due respect to the Obamarrhoidal stooges.......their Messiah is a fucking jerk.

    The support of the LIEberrhoidals for this loser, at this point, is not only baffling ....... it's ludicrous.
     
    Last edited: Jul 13, 2011
  6. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Believe me... they're doing a lot of face-palming. Only an idiot would see anything other than utter failure in this man. These people aren't this stupid... partisan hacks, yes.
     
  7. gautama
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    gautama BANNED

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    Soggy in NOLA,

    Yes. I agree with you on your point that a significant majority supporting this obvious jerk Obummer are Dem party hacks, and these stick to their choice to the very end....no matter what the REALITY is.

    However, there is also a significant number of fools that simply don't geddit. Casey Anthony jurors are a perfect example.

    And, then, of course, you simply have hard-working people who are simply ignorant and depend on their past political affiliation, or the friends who influence them.......and, the Obamarrhoidal Main Stream Media.

    Example: I know of a super intelligent computer analyst who thinks Sarah Palin is stupid, and doesn't even know that Obummer's familial background is rock solid MARXIST...... much less anything else.
     
    Last edited: Jul 13, 2011
  8. Trajan
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    Trajan conscientia mille testes

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    heres my time line addition I crafted yesterday as well;

    time for a recap...how did we get here, July 12th?

    October 1st 2010- democrats do not approve a budget for 2011.

    Nov. 2010- democrats lose house.

    Noc. 2010- Obama cuts deal for an extension of the bush tax cuts, 2% payroll reduction for 2 years.

    Jan. 2011 state of union. Wapo, NY Times remark that Obama has not addressed the deficit and has kicked the can down the road proposing a 3.7 Trillion budget.

    Feb thru April 2011- debates between dems and reps. – crafting a budget for the rest of the 2011 year, because there was no budget ( see above) and the gov. was being funded by ongoing resolutions, final agreement – 38.5 billion ( on an approx. 3.3 trillion budget) Harry Reid declared the deal "historic."

    -June debt ceiling discussions start. Deadline – August 2. (adjusted). Obama calls for what would be an effective repeal of bush tax cuts as part of the debt. ceiling deal.

    ** Points;

    - There is no budget submitted by the WH for 2012 as required ( budget due for approval by Oct. 1 2011).
    - There is no Medicare fund adjustment submittal due by law from the WH.
    - Reps apparently want a restructure of Medicare funding and budget cuts, are seen as holding the nation hostage because they will not agree to tax increases in the debt ceiling deal, even though obamacare has baked in numerous increases on those very “wealthy” whom the dems want to increase taxs on, again.
    - Year 2011 budget cuts on paper and signed off- 38.5 billion.
     

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