USA Debt Ceiling Crisis; More Media Lies

Updated 8/8/11



As usual the Main Stream Media (NBC, MSNBC, CNN, ABC, NY Times, etc.) along with Obama, Sen. Harry Reid, and many RINO Republicans are simply LYING about the so called Debt Ceiling Crisis.
See also Gregg Walden; RINO Republican

This is not complicated economics and does not take much to figure out, yet sadly many otherwise good intentioned Americans have taken the bait.

(1) First, look at this way;
If you as a private citizen lives beyond your means, but keep asking for Credit line increases from the bank and one day they finally (& rightfully) say no; does life come to a grinding halt? Most certainly not, you simply will be forced to live within your means.

This debt ceiling in the most simple terms is just this.

(2) Tax Revenue will continue to pour into US Treasury coiffeurs from many sources, such as Gasoline Taxes, Tariffs, Quarterly estimated taxes, etc. etc. etc.

Regardless of whether the debt ceiling is raised or not, plenty of revenue will continue to come in. The difference will be we will have to live within our means and stop borrowing so much to fund Obamas legacy.

(3) We will NOT default on loan payments, as the incoming revenue will be vastly more than enough to pay this and entitlements such as Social Security.
Yes Mom, Dad, Grandma, Grandpa; Your Social Security checks or Disability will continue to come unless Obama chooses to make some kind of evil point by witholding payments.
In other words the Media and Democrats are simply lying, this is simple economics.

(4) Interest Rates will not rise; While I cannot categorically say they will not rise, this is highly unlikely, especially when one considers that there is a finite amount of money and when demands for loans increases, often so do interest rate.
So when the United States stop competing for this finite supply of money/funds, it goes to figure it is more than likely to go down (again simple economics).

Just as importantly, the so called cuts proposed by Harry Reid are not nearly enough according to Moody's, Standard & Poor's (which ranks bonds, AAA, AA, and so on). So raising the debt ceiling and Not making enough cuts are more likely to raise interest rates.

Again this is simply another Media and Democrat Lie.

Update 8/2/11:
The Stock Market dropping after the passage of a poor so-called compromise bill adds to this point (which was mostly the Republicans once again giving into our presidents socialist agenda)

(5) The Republicans will not compromise; Obama has not put forth a single plan, and Harry Reid in the US Senate has only put forth one plan and then only just a few days ago.
It is the Republican controlled House of Representatives that has put forth multiple plans only to be shot down by the President and Senate and labeled as "not willing to compromise".

Sorry, again this is not rocket science who is not compromising.

(6) The Republicans do not want to take away your disability or Social Security check.
However I will admit the system is broken and out of date and something must be done

Using a business as an example; Blockbuster Video did not adapt with the times, keeping an outdated business plan that did not grow/expand with changes in how persons view videos, etc. and thus went bankrupt.

Similar the Social Security Program was started in the 1930s and has not changed all that much since then.
Bluntly as someone in my 50s closing in on the retirement age of 65, i would be willing to push it back to 67, 68, 69 or any age to make more solvent (obviously more needs to be done than just this)

(7)Baseline Budgeting is a FRAUD! The Democrats (& RINO Republicans) love to use Baseline Budgeting to call what is not really a cut, a cut. This is then used to make them look like budget cutters when it can be good for their image or call a non cut a cut when it can be used against a Republican to make them look bad (such as taking money from Granny).

Simply put, here is an explanation I heard that explains Baseline Budgeting well:
If you budget $50,000 for new car, then go shopping and find a $70,000 car on sale for $60,000 and then you decide to purchase this car. You tell yourself you saved $10,000, when in reality you spent $10,000 more. THIS IS BASELINE BUDGETING!

Update 8/8/11 The Media can not help themselves with their lies!! As I predicted the need to cap the debt ceiling was/is essential and since this was not done the USA had its bond rating lowered and and the stock market also reacted. Yet Kool Aid drinking fools such as George Stephanopoulos cannot believe themselves so they continue with their lies and now imply that the Tea Party was/is at fault. Sorry George and others who believe this lie, the Tea Party demanded a cap as Standard and Poors did. The liberal lies continue as they destroy our country all while the worst president in the history of the USA is at the helm and the blame lies at his feet along with his liberal allies.

SUMMARY:
As a business owner that has struggled much many for reasons that are certainly not the governments fault, but with taxes (many hidden in cost of inventory, gasoline taxes, gross revenue taxes and more), I have seen my taxes increase considerable for the 2010 and estimated 2011 tax seasons and this simply has got to stop.
I have to live within my means and the disgusting government run by scum like Obama have NO right to take even more money just because they CANNOT live within their means.
My business reference: http://www.americanaquariumproducts.com/

Update 8/2/11
Please see this excellent video of a speech by Sen. Marco Rubio of Florida that of coarse received little coverage by our dishonest media:

The Post West

Here is a snip of a great article that was sent to me by a friend, it at the same time; inspired me and angered me (at the idiocy around this country and the Western world, the naivety of lessons that should be learned from history, and that there is real evil in the world and hiding ones head in the sand does not make it go away!)

"April 13, 2007
The Post-west
A civilization that has become just a dream.
by Victor Davis Hanson
National Review Online

I recently had a dream that British marines fought back, like their forefathers of old, against criminals and pirates. When taken captive, they proved defiant in their silence. When released, they talked to the tabloids with restraint and dignity, and accepted no recompense.

I dreamed that a kindred German government, which best knew the wages of appeasement, cut-off all trade credits to the outlaw Iranian mullahs — even as the European Union joined the Americans in refusing commerce with this Holocaust-denying, anti-Semitic, and thuggish regime.
Reference: Occupy Wall Street; Anti-Semitic

NATO countries would then warn Iran that their next unprovoked attack on a vessel of a member nation would incite the entire alliance against them in a response that truly would be of a “disproportionate” nature.

In this apparition of mine, Speaker of the House Nancy Pelosi, in Syria at the time, would lecture the Assad regime that there would be consequences to its serial murdering of democratic reformers in Lebanon, to fomenting war with Israel by means of its surrogates, and to sending terrorists to destroy the nascent constitutional government in Iraq.

She would add that the United States could never be friends with an illegitimate dictatorship that does its best to destroy the only three democracies in the region. And then our speaker would explain to Iran that a U.S. Congresswoman would never detour to Tehran to dialogue with a renegade government that had utterly ignored U.N. non-proliferation mandates and daily had the blood of Americans on its hands.

Fellow Democrats like John Kerry, Barbara Boxer, and Harry Reid would add that, as defenders of the liberal tradition of the West, they were not about to call a retreat before extremist killers who behead and kidnap, who blow up children and threaten female reformers and religious minorities, and who have begun using poison gas, all in an effort to annihilate voices of tolerance in Iraq.

These Democrats would reiterate that they had not authorized a war to remove the psychopathic Saddam Hussein only to allow the hopeful country to be hijacked by equally vicious killers. And they would warn the world that their differences with the Bush administration, whatever they might be, pale in comparison to the shared American opposition to the efforts of al Qaeda, the Taliban, Syria, and Iran to kill any who would advocate freedom of the individual.
Reference: The Faces of Evil; From the Ottoman Empire, the Nazis, Hitler, to Al Qaeda

Those in Congress would not deny that Congress itself had voted for a war against Saddam on 23 counts — the vast majority of which had nothing to do with weapons of mass destruction and remain as valid today as when they were approved in 2002.

Congressional Democrats would make clear that, while in the interests of peace they might wish to talk to Iran, they had no idea how to approach a regime that subsidizes Holocaust denial, threatens to wipe out Israel, defies the world in seeking nuclear weapons, trains terrorists to kill Americans in Iraq, engages in piracy and hostage taking, and butchers or incarcerates any of its own who question the regime."

For the FULL article, please follow this link:
Victor Davis Hanson, National Review Online