Gone is the Balanced Budget Amendment, replaced by the usual “smoke and mirrors” of promised cuts that will never materialize.
Worse, the Republicans are giving massive leverage to 6 Democrats on a Tax Panel to push for the very tax increase on the wealthy that Conservatives feel will absolutely crush jobs and unfairly tax businesses, the ones that create jobs.
And if you think about it, this deal was pushed through by three Progressives – Obama, Reid and Pelosi, and two RINO’s – McConnell and Boehner. Absolutely nothing good could possible come out of this assembly. Nothing good for America, anyway.
All of these people are focused on the short term. “Let’s pass something” has replaced “Let’s fix our debt problem”. As could be expected, this bill is designed to protect jobs – but only the jobs of the 5 individuals who came up with the plan. The rest of America is still in the weeds.
Unfortunately, the threat of being tared and feathered, redistricted out of their district and huge funding for challengers to the TEA Party contingency that propelled Boehner and the Republicans to power in the House and closed the gap in the Senate await those that take a stand for America and oppose a bill that will see the Nation’s debt rise by as mush as $8 Trillion over the next decade, as there are no cuts in spending, only in the rate of budget increases.
This bill will also be responsible for the downgrading of America’s Credit Rating, causing the very pain and suffering the bill purports to avoid. The American Public may be stupid and easily fooled by gimmicks, smoke and mirrors and the promise of triggers, but the Debt Rating Companies are not fooled. In fact, the charade of pretending that this fixes anything might be enough to push a downgrade because of the insulting nature of the big lie.
In a case where you have one party – the Democrats – that want to massively increase spending to make sure that the Debt debacle is hidden from view for the 2012 reelection campaign of Obama, and another – the Republicans – that is split between protecting their own hides and doing what is best for America, there is no compromise that can reconcile those two positions. Period.
But the compromise bill that will be adopted by both houses and signed by the President is not designed to help America, despite the rhetoric from both sides.
It is designed to deflect blame from both parties for the financial nightmare this mountain of debt will cause. Senate Republican Leader McConnell proved his position by his proposal – which is pretty much what this deal is. It gives Obama a blank check, allows the possibility of tax increases and takes the out of control spending to a new, higher level.
In the short term, Republicans and Democrats in Congress will avoid a finger pointing for an economic collapse this week in exchange for shared blame in the total collapse that will result from failing to address the problem at any level today. Neither side wanted to “kick the can” down the road for a few weeks. So, instead, they kicked the can into 2013. They hope.
One thing is for sure. This changes nothing!
Article written by: Tom White
