As of July 8, I have been working on an assignment that demands long hours, so I won't be able to post many blogs during the next several weeks. Besides, I suspect our readers are enjoying summer, and won't miss us much if we scale back on our posting frequency during the summer months.
Tonight I found myself with a little extra time and decided to post a short blog. It is getting really interesting with the debt ceiling talks heating up and the scare-mongering from the Obama camp being ratcheted up. OMG, we could default and RUIN our economy for decades to come!!!
I give that about as much credence as A) We would have had a second Great Depression were it not for Obama's economic policies in early 2009; and B) Obama will run the most transparent and ethical administration ever. Hee-hee ha-ha-har-d-har-har...
One thing I found amusing is this piece from Time magazine, a once respectable organ (oh, maybe 20-30 years ago) that has turned into a joke of a rag in recent years. I still like to check in on it every now and then to see if they will ever report something true and unflattering about a leftist politician. In the case of the Limousine Liberal Nancy Pelosi, her air-headedness is like the elephant in the living room. Just can't ignore it. It speaks volumes about the pathetic state of the Democrat Party that they elevated this joker to Speaker a few years ago.
I sincerely hope the Republicans dig in their heels and refuse to go along with any deal that calls for tax increases. President Obama is as disingenuous as can be in this debate, having the gall to preach fiscal responsibility after going on an obscene spending binge his first 2 1/2 years in office, and expecting us to believe that socking it to the rich will reduce the deficit.
First of all, whatever additional revenues are raised would be a drop in the bucket compared to the increased spending since January 2009 and the unfunded entitlement mandates stretching as far as the eye can see. It is also possible Democrats will renege on their promised spending cuts. It certainly has been done before (see Tip O'Neill and Ronald Reagan, 1982).
But more significantly, it is fantasy to think the Democrats would honestly apply additional tax revenues to reducing the deficit. It's kind of like the pan handler on the street who begs for $1 to buy "a sandwich" or a cup of coffee. You know damned well he'll put together contributions from several people to go buy some MD-20-20 or rot-gut beer.
We don't have a revenue problem. We have a spending problem. The majority of Americans understand and appreciate that. The Republicans have nothing to fear in the 2012 election if their refusal to go along with a tax increase forces us to pass the debt ceiling deadline. News flash: The sky isn't going to fall, the markets won't panic, folks won't be jumping out of Manhattan skyscrapers.
There is, however, one very real and present danger: Bombastic blowhards like Keith Olbermann, Chris Matthews, and Ed Schultz just might burst a blood vessel and keel over on the set.