More on: Our Federal Government & The Debt Ceiling

July 13, 2011

Some amazing stuff going on in Washington this week.

According to an article published in the Wall Street Journal today, “Senate Minority Leader Mitch McConnell (R., Ky.) unveiled a proposal that would allow President Barack Obama to raise on his own the federal borrowing limit by $2.4 trillion in three installments before the end of 2012, unless two-thirds of Congress votes to block it.
Mr. McConnell’s proposal to allow the president to raise the debt ceiling came after he said in a Senate speech that the country cannot solve its fiscal problems with Mr. Obama as president. “After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is unattainable,” he said.

House Majority Leader Eric Cantor (R., Va.) suggested they consider temporarily lowering corporate tax rates as a way to offset revenue increases from closing tax loopholes, a Republican familiar with the discussion said.”

All of this rhetoric has the 21st century tingle of the Billie Holiday song, “Strange Fruit.”

Every time I turn on the radio, I seem to hear a Republican Senator or Congressman representing a state below the Mason-Dixon line denouncing our President as though he caused our economic dilemma.

Bear in mind: The last time our country had a balanced budget was in 2001.

Prior to Mr. Obama taking office, we experienced almost a decade of overspending, compounded by tax cuts.

Today, July 13, 2011, Senator Jim DeMint (R-S.C.), rejected the McConnell plan to give President Obama the authority to raise the debt ceiling.

So, we have various factions of the white male republicans from south of the Mason-Dixon line in dispute over exactly how to derail the Obama administration.

Should we lynch him? Shoot him? Starve him?

Stand by for more in the early morning news….

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: