Rebublicans Should Be Embarrassed By Debt Increase Vote

Floyd and Mary Beth Brown, FloydReports.com

Washington is obsessed by picking winners and losers. But the Establishment media has the story all wrong again. The Republicans, they say, won this skirmish over debt. But actually Republicans displayed a total lack of commitment to their principles.

The only winner in the “Budget Control Act of 2011″ is massive government and the Washington bureaucracy it feeds with your money.

We are embarrassed for Republican members of Congress who go out with a straight face and talk about how they controlled spending, when they voted to increase the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history.

In reality, the bill as Rep. Tom McClintock, R-CA, points out, “allows the government to avoid spending reductions for the next two years while squandering our last best hope of averting a sovereign debt crisis.” This bill literally guarantees the economy will get worse, and the budget deficit will explode higher.

As a Republican state senator in California, McClintock predicted and fought against the policies that have bankrupted Sacramento and has now taken his crusade to Washington, D.C. He exhorted his colleagues to see reality, giving excellent reasons he voted against the Boehner/Obama bill: “The purported cuts, even if realized, are far below the $4 trillion deficit reduction that credit rating agencies have warned is necessary to preserve the Triple-A credit rating of the United States government; it blows the lid off the House budget passed in April by more than a half-trillion dollars over ten years; it makes no significant spending reductions for at least the next two years, essentially freezing spending at an unsustainable level.”

McClintock further explained, saying, “While the debt increase occurs this year, significant spending cuts aren’t to be made for many years and can be ignored or reversed by future acts of Congress; the spending caps are easily circumvented by declaring appropriations to be an emergency, a response to a ‘major disaster,’ or necessary for the ‘global War on Terror’; and the balanced budget amendment provisions are illusory because the amendment is completely undefined.”

But even more damaging to Republicans is the way they handed their citizen mandated legislative power to Barack Obama, damaging the U.S. Constitution in the process. Constitutional scholars….

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Palin: “I Do Not Have Respect” for Romney’s Debt-Deal Performance

Alex Pappas, The Daily Caller

Sarah Palin knocked presidential candidate Mitt Romney for waiting until the debt-ceiling compromise was a “done deal” before speaking out against it.

“Bless his heart, I have respect for Mitt Romney, but I do not have respect for what he has done through this debt increase debate,” she said Tuesday night in a Fox News interview.

“He waited until it was a done deal that we would increase the debt ceiling and more money would be spent, more money borrowed and then spent on bigger government,” the former Alaska governor said. “And then he came out and he made a statement that ‘oh he didn’t like the deal after all.’”

On Monday, Romney said, “While I appreciate the extraordinarily difficult situation President Obama’s lack of leadership has placed Republican Members of Congress in, I personally cannot support this deal.”

Palin said that was too late to matter.

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2012 Could Be Another GOP Blowout

Matt Mackowiak, FloydReports.com

The debt ceiling fight currently being waged in Washington will have a major impact on the 2012 elections, because it’s presenting a clear contrast between the Republican and Democratic parties — something that rarely happens.

Republicans have skillfully used this moment to push fundamental budget reform uphill. The forces of the status quo, who have gotten fat and happy from federal spending levels of 24 percent of gross domestic product, are violently resisting the overspending straitjacket that the Cut, Cap, Balance plan represents.

It would be very easy for Republicans to wash their hands of a president who is biologically incapable of leading. If a speech or a lecture were necessary, he would be the most qualified person in the world for the task. But alas, what is needed in the White House is a statesman, a negotiator, a legislator. What is needed is trustworthiness and commitment, not hope and change.

But conservatives and the more than 180 groups who make up the Cut, Cap, Balance Coalition (for whom, in full disclosure, I have consulted) have driven this political battle from the very beginning. Now, as it nears some kind of conclusion, it’s important to consider the ramifications it will have on policy and politics.

Several courageous leaders in Congress, like Senators Jim DeMint (R-SC), Mike Lee (R-UT) and Marco Rubio (R-FL) and Congressmen Jim Jordan (R-OH), and Joe Walsh (R-IL), have consistently put the next generation ahead of the next election. Republicans aren’t stupid — they know that if they simply increased the debt limit and maybe made Democrats vote against a reasonable plan to cut and restrict spending, it would redound to their political benefit next November. As a result, they’d likely maintain a majority in the House, take back the Senate and perhaps win the White House. But these conservative leaders have said winning an election is not enough. They’re worried about the country’s future.

The last three elections (2006, 2008 and 2010) were wave elections — which is unusual. Four consecutive wave elections would be even more unusual.

But, it’s possible.

In order for Republicans to create the circumstances for a fourth consecutive wave election, they should….

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The “Gang of Six” Deal is the Antithesis of Reform

Floyd and Mary Beth Brown, FloydReports.com

The media frenzy over Republican Senators and Barack Obama making nice over the debt ceiling crisis exposes for all Americans to see the extent to which both parties are aligned with Wall Street interests, and against the interests of Main Street and small business. The subject of this latest bipartisan love fest is the Gang of Six plan.

Americans want reform. The Republican majority in the House of Representatives was swept into office by promising reform. The Gang of Six solution is the antithesis of reform.

Supposedly it offers the “balanced approach” of which Obama rambles on about endlessly. But in reality, the Gang of Six is one-sided. It offers only vague language about spending cuts. At best the Gang of Six plan might cut $500 billion, and even these cuts cannot be guaranteed. In real terms, government would continue to grow.

Also the Gang of Six solution would dramatically increase taxes. It calls upon the Senate Finance Committee to craft a tax reform plan that would actually increase taxes by $2.3 trillion over a 10 year period. Some members even cynically call it a tax reduction by using a baseline that everyone knows is phony. This is a baseline that predicts all of the middle class tax cuts signed into law by President Bush was repealed.

All of this because rejecting the debt ceiling increase would require the U.S. government to right size itself and begin a pay as you go diet.

The secret they don’t want you to know is that the U.S. government is currently taking in over $200 billion a month. This could easily service the debt and forestall any default. It could pay current Social Security and Medicare bills. What would have to be cut is discretionary spending, and Congress doesn’t like this idea.

Gone would be money Obama wants to expand the EPA. Gone would be ethanol subsidies. Gone would be the billions poured into universities and colleges to subsidize the “intelligentsia.” Foreign aid money wouldn’t gush out. The cuts would hurt many in government employment, but default would never have to result, and grandma would still get her Social Security.

Neither party cares much about anything other than perpetuating their power….

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McConnell Prepares to Betray Tea Party, Aid Obama’s Debt Ceiling Power Grab

Ben Johnson, The White House Watch


(Presidential historian Doug Wead says, if Obama raises the debt limit on his own, he is “absolutely” impeachable.)

Even as freshman Congressmen passed the Cut, Cap, and Balance proposal last night, Senate Minority Leader Mitch McConnell quietly planned to sell them out. Insiders report McConnell is going through the motions of voting on the House measure but has invested his energy in cutting a deal with Democrats and give Barack Obama unconstitutional and near-dictatorial powers to raise the debt ceiling.

The Hill newspaper exposed the betrayal:

Publicly, House Speaker John Boehner (R-Ohio) and Senate Republican leader Mitch McConnell (Ky.) have made votes on the Cut, Cap and Balance Act and a balanced-budget amendment their priority this week.

But GOP aides say the leaders are already looking past those votes to a potential deal with Democrats to raise the debt limit before an Aug. 2 deadline and spare Republican lawmakers from a political backlash.

“McConnell is going to let cut, cap and balance have its vote and then immediately move to plan B,” said a GOP aide in reference to the fallback debt plan McConnell is negotiating with Senate Majority Leader Harry Reid (D-Nev.).

McConnell’s “Plan B” would allow Barack Obama to unilaterally raise the debt ceiling in three portions over the next year. Only a supermajority of more than two-thirds of Congressmen could override him.

The plan is the apparent preference of the inside-the-Beltway crowd, as they have already launched one of their typical campaigns to make it appear “centrist.” On Monday….

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