President Obama’s blindness to government spending problem, and insistence on ever more tax increases on the rich towards always moving fair share-goalposts, makes refusal of the Republican House to raise the debt ceiling an acceptable option.
In the wake of the 2010 tea partier conservative epic GOP mid-term election landslide that returned control of the House of Representatives to the party, this columnist urged Republicans to risk a government shutdown during the 2010 budget negotiations as more palatable than risking “default” during the likely debt ceiling battle the following year.
Only President Barack Obama can cause the U.S. to default on its sovereign debt, and congressional Republicans must make this fact clear to the American people before the current debt ceiling is reached.
And only by owning the definition of “default” does the minority party in control of only one house of Congress have any chance of using the debt limit debate to rein in the Democrats’ out of control spending, spur job-producing economic growth and win the political argument going into the next election.
Of course, the Republican House of Representatives can, under Article I, section 8 of the U.S. Constitution, refuse to authorize the borrowing of any additional money on the credit of United States, and thus impose the balancing of spending with tax receipts, i.e. “the budget”. In that event, the Executive Branch would have at its disposal only tax receipts to spend on all “obligations” of the federal government based upon current law including entitlements and “discretionary” spending covered by the continuing budget resolution still in effect. But tax receipts only cover approximately two-thirds of current budgetary obligations, with the discretion to prioritizing expenditures in the President’s hands, absent a new law setting such priorities that both sides would have to agree to; and of course, that won’t happen.
Could 2013 see the first GOP tea partier ambulatory duck House of Representatives, and if so, how should it deal with a Lame Obama Duck President?
Whew. Who knew that the Republican tea partier class of the 2010 landslide, after 23 months of impotence at the hands of their establishment “leadership” posing as Bob Dole-like tax collectors for the welfare state, were brewing for a Boehner-bruising as their last hurrah?
The Reagan-Newt-Dubya Republican No New Taxes brand remains intact:
[Speaker John Boehner and his fellow] House Republican leaders abruptly canceled a vote on [a] bill [to extend current tax rates only on those earning less than $1 million/year] after they failed to rally enough votes for passage in an emergency meeting about 8 p.m…The stunning turn of events in the House left the status of negotiations to head off a combination of automatic tax increases and significant federal spending cuts in disarray with little time before the start of the new year.
Americans can still read tea partier conservative lips as non-fiction, if not those of a Benghazi flu and concussion-afflicted Obama Administration’s, flapping fast and furious.
This tea partier conservative columnist bears no ill will towards the good and earnest man currently serving as Speaker of the House. We respect the desire and attempt to prevent yet another Obama Democrat attack on the poor, lower and middle-income earners, small businesses and the armed forces of the United States scheduled for New Years Day 2013. But we bemoan his apparent blindness to the motives and likely behavior of the re-elected Chief Executive and U.S. Senate in the face of a so-called fiscal cliff package of sunset laws they insisted upon during the 2011 Debt Ceiling negotiations that reflect their decades-long Democratic policy preferences, i.e. tax hikes and defense cuts.
Isn’t it time for John Boehner to resign the part of Charlie Brown to Barack Obama’s Lucy and admit that the football won’t get kicked until an honorable holder is substituted? Obviously. President Obama, especially in the wake of the electorate’s ratification of his class warfare agenda, will not (and never was going to) sign compromise legislation when by doing nothing he gets extra Christmas gifts, seven days after Christmas.
Calling President Obama and Speaker Boehner for safety net. If Lame Duck doesn’t break fall; after crash, dial 1-80O-bam-acare or estate tax lawyer.
America went over the fiscal cliff years ago
I’ve never bungee jumped or sky dived. Heck, since that candy apple leapt out of me at age 12 on the downswing of the roller-coaster at the Piedmont Interstate Fair, I’ve settled for such thrills on the Travel Channel; but I hear that many Democrats experienced the euphoric weightlessness of space when casting their recent vote for four more years. I hear its akin to the feeling of security a lobster feels while lying in a temporarily lukewarm pot of water on the kitchen stove while guests in the parlor await the main course.
Many Republican voters thought the American lobster, that had lain in the warmth of Bush-Pelosi-Reid deficits, would suddenly arouse with hopes of survival after being doused with Obama’s scalding hot and stimulating Obamacare waters, tripled deficits and doubled gasoline prices. Instead, while many John McCain voters indulged a tea party and helped fire Pelosi; class envy or despair trumped too many of their old American dreams as they sat on their butts rather than take a chance that Mitt Romney would return America to the pre-Obama nirvana that was Clinton-Gingrich work requirements for welfare.
It seems now that many Obama-Biden voters that voted to re-hire those that couldn’t fix the mess left by President George W. Bush in “only” four years (I hear mother Barbara performed the job thousands of times in less than four minutes, but I digress), somehow think that “it” can be fixed in just four more weeks by a Lame Duck Republican House if only it would heed the “obvious mandate” from the American people and reinstate some of those same Bush tax cuts (aka Taxmageddon) etc:
1. The payroll tax reduction passed in 2010 will end.
2. The temporary tax rates passed under President Bush will lapse.
3. Obamacare’s taxes will come due.
4. The Alternative Minimum Tax will expand to many more taxpayers.
5. Extended unemployment benefits will expire.
6. Some $78 billion in federal spending will be sequestered.
7. Medicare “doc fix” will expire.