Posts Tagged ‘debt ceiling’

The Siesta Keyster’s handy guide to the debt-ceiling ‘crisis’

July 30, 2011

For the last couple of months, Americans have been pummeled unmercifully with a raging debate about the federal debt.   After a five-year spending orgy that began when Nancy Pelosi became Speaker of the House and accelerated under President Obama like a 17-year old with a Lamborghini, we  now stand at the edge of the fiscal cliff… at least, that’s what the political class wants us to believe.

Playing the starring role in this farce is our Wastrel in Chief.  Sure, he flushed trillions of taxpayer funds down the federal crapper (TARP, QE1 and 2, ‘stimulus’ bills, cash for clunkers, green ‘jobs,’ Michelle’s vegetable garden, etc.), established European levels of unemployment and turned an already bloated federal government into Jabba the Hutt.

The federal government has an insatiable appetite for taxes and Barack and the Dems want to feed it

But Barry can read polls.  If he hopes to live in government housing through 2016, he knows he’d better morph into Barack the Fiscal Hawk.   His strategy: take to the podium daily and declare that unless Congress raises taxes by the completely arbitrary deadline of August 2, the U.S. economy will crater, and seniors and the military will be forced to subsist on Kibbles n Bits.  Who needs a plan!

The Keyster doesn’t wish to be harsh. But objectively, with this performance, Obama now has moved into the top  five of the Worst World Leaders of All Time, passing Vlad the Impaler.

Barack: 'We don't have a spending problem, we just need higher taxes!'

The Siesta Keyster, like most people outside the Beltway, is weary. Our heads ache. Because, the solution is so glaringly simple, any second-grader could fix this ‘crisis’ in about five seconds.

STOP SPENDING MORE THAN YOU TAKE IN. PAY OFF YOUR DEBTS.

That’s it. It’s doesn’t require the ‘brilliance’ of Timmy Geithner, who refuses to pay his own taxes, or the political ‘savvy’ of Harry Reid, who had to bribe his own party members to jam ObamaCare down the throats of us poor saps who’ll suffer so grievously under it.

But this is happening in Washington D.C. and many of the people people involved in the debate actually aren’t concerned  about debt.  Instead, they are focused on the 2012 elections like Scrat from the Ice Age movies on an acorn.

So we asked our Washington Bureau to prepare this:

Siesta Keyster’s Pocket Guide to the Debt-Ceiling Debate

The issue: President Obama and the Dems have grown the national debt by 50% and wants to escalate it by a couple trillion, right now. Unless Congress authorizes Barry to borrow more, the U.S. will be in the same horrible situation faced by every private business and household in America… having to live within its means

The players and their positions:
President Obama: Raise taxes, keep spending until all wealth is transferred to the feds… except for the pile belonging to George Soros, the SEIU and Warren Buffett, so they can finance his campaign
Democrats: Raise taxes, keep spending, call Republicans racist radicals for proposing to cut so much as $.10 from high-speed rail
Republicans: Cut spending, no new taxes and reduce the size of federal government
The media: We support Barry-Harry-and-Nancy, no matter how often they change positions, because evil conservatives want to kill grandmothers and puppies!

The competing plans:
The Obama ‘plan’: Demonize Republicans; attend fundraisers; golf; make plans for huge 50th birthday party (also a fundraiser); go on vacation to Martha’s Vineyard
Republican/Boehner Plan: The House passed Cut-Cap-and-Balance; then passed the Boehner plan to at least start spending less; no new taxes
Democrat/Reid ‘plan’: Demonize Republicans; propose bogus spending ‘cuts’; hike taxes; increase the national debt until the U.S. has the financial integrity of Zimbabwe and Somalia