Today, President Obama called upon the Republicans in the Congress to get seriously going on the Debt reduction negotiations and to get it done before August 2nd. Which the Treasury Dept says is our drop dead date to avoid default on our $14T Debt.
President Obama said Wednesday that Republicans need to
"drop their opposition to tax increases, saying "everybody else" is sacrificing their "sacred cows" for deficit reduction, GOP lawmakers should be willing to do the same."
But of course when brought forth the biggest spending cuts needed, entitlement, and they are liad on the table, Obama and the left don't want to give up their "sacred cows."
What a hypocrite.
Speaking of hypocrite, check this out.
The president was showing frustration Wednesday with being called on to resolve the debt dispute. (Isn't that the sign of Leadership?)
He suggested 'Congress should stop going on recess and stay in Washington through the summer until a deal is done.'
"You need to be here. I've been here,"
Now.... Time to hit the links'
Or maybe take a few weeks off and get away from work.
As we reach $15T in debt, and congress ponders raising the debt ceiling, I began to ponder the constitution and what it really says about the United States Government HOLDING ANY kind of debt.
Article 1; Section 8
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States
To borrow money on the credit of the United States.
Article 1; Sec 8 grants Congress the power to collect taxes… To pay the debt it incurs and to borrow money.
Now as I see it, Art 1; Sec 8 tells us that tax collection and borrowing money on the full faith of the US is allowable. But the taxes collected must be used to pay the debt, which also includes money borrowed, for that is also debt.
Next- 14th Amendment; Section 4
The validity of the public debt of the United States, authorized by law…shall not be questioned But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
The 14th came about after the civil war and that the losing side cannot claim war retribution, nor can former slaves make claim on the US Government to pay them lost wages under their slavery.
So this doesn’t fit in to the question of whether the US Government can HOLD debt.
However, one could claim the the President could order the Secretary of the Treasury to continue selling bonds to fund the debt. By citing the Fourteenth Amendment, Obama could claim that Congress cannot constitutionally deny the payment of the public debt. Since the revenues are not enough to cover all the expenses in the federal budget, the White House would continue to raise funds to pay for the debt by selling Treasury securities.
But then again, Obama would be wrong for only Taxes, Duties, Imposts and Excises, can be used to pay the Debts.
Democrats see Art 1; Sec 8 two ways. The Government can tax to its hearts content and that the government responsibility to provide for the common defense is ignorant. The founding fathers rejected Kings George abuse of tax collection on them. But the Dems don’t use it to pay the debt, as required by the constitution. The Government borrows money, and uses it to pay some other debt.
The talks happening right now with regards to the US debt and it’s ceiling have hit a brick wall.
Republicans want to reverse spending and pay down the debt. The latter being in the Constitution.
Democrats are now claiming they want to pay down the debt also, but by laying and collect more Taxes and their 2nd demand is cutting military spending.
Democrats love the first part of Article 1; Section 8 “The Congress shall have Power To lay and collect Taxes” but ignore that taxes must (also) “provide for the common Defense “
It’s the US Government first and foremost responsibility to provide for the common defense and pay the debt from tax collection.
It cannot HOLD debt because it has no such power within the Constitution.
So there for, I will refer you to the 10 Amendment.
“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
That’s pretty much sums it up, in my opinion. Our nations debt IS un-constitutional.
According to the American media you might think Gaddafi is on the verge to getting out and that the rebels are close to victory.
Well then, that wouldn't really be the case.
Investigative reporter Wayne Madsen, who spent some time in Libya, shares his views on what's really going on in the country and why the mainstream media deliberately misinforms the public about real goals of NATO.
Who is getting tax exempt status? Why the liberal left attack machine, Media Matters, of course.
MM was given tax exempt status back in 2006 as a 501(c)(3) charitable organization, meaning it is tax-exempt and can accept tax-exempt contributions. However, it was given the tax exemption for, according to the Website at the time, "systematically monitor a cross section of print, broadcast, cable, radio, and Internet media outlets that report news or commentary that is not accurate, reliable, or credible " Since then they have added the underline words systematically monitor a cross section of print, broadcast, cable, radio, and Internet media outlets for 'conservative' misinformation — news or commentary that is not accurate, reliable, or credible and that forwards the 'conservative' agenda. Which should then, by law, have it's 501(c)(3) status stripped because it's a political agenda driven organization.
All this brought forth by C. Boyden Gray, former Whitehouse Counsel to then President Bush Sr. This reported on Fox News last night on the O'Reilly Factor.
Read the writting on the wall over our pull out from Afghanistan.
-The president assured the nation that the U.S. military will begin its drawdown next month from a "position of strength" Who in their right mind pulls back from a position of strength? If you are in a position of strength, you press on to victory, NOT retreat.
-"We have put Al Qaeda on a path to defeat, and we will not relent until the job is done," Either we will not relent or we will. Which is it? Al Qaeda is not defeated, but we are drawing down, so therefore we will relent.
-Obama also affirmed that his interest is "nation-building here at home," not in Afghanistan. And a poor job he is doing of it here at home.
-Obama claimed intelligence recovered from the terror leader's Pakistan compound revealed that Al Qaeda is under "enormous strain." Obama said bin Laden had expressed concern that Al Qaeda could not replace senior leaders who were killed. Doesn't seem to be enormous strain, because they just replaced OBL with Abu Musab al-Zarqawi. Which means there is more work TO BE DONE!
-Obama said the talks must be led by the Afghan government, and Taliban members who want to integrate must "break from Al Qaeda, abandon violence and abide by the Afghan Constitution." And if they don't, then what... Did the current Afghan government attack us on 9-11? Did the current Afghan government give safe heaven to Al Qaeda? NO! The Taliban did and until the Taliban and Al Qaeda are annihilated in the whole region, there will be no peace for America. The Obama Administration and the American left just don't understand this fact.
-Anti-war Rep. Barbara Lee, D-Calif., scoffed at the president's announcement, saying such a reduction in 2011 would "not even get us back to pre-escalation levels." She suggested withdrawing 50,000 combat troops and is planning several amendments aimed at de-funding the mission. Can you say Vietnam, people? See where this is going?
How sad these pathetic liberals are.
They have no pride in our country
No real pride for our military because actions speak louder than words, folks.
Al Qaeda and the Taliban will claim victory. Once from the USSR and then again over the USA
According to liberal politicians, it's the Government's money.
Not the taxpayer.
Not the Rich.
Not the Poor.
Not the Middle Class.
BUT the GOVERNMENTS!
And, according to the The MacIver Institute in Wisconsin (via Paul Ryan) this video will explain how lots of politicians in Washington think that the money you earn belongs to them. This idea couldn’t be anymore wrong, and it’s a dangerous philosophical notion. The money that Americans earn belongs to Americans, not Washington.
During the lead in to the US Open yesterday, NBC did a montage of American solders, the US Flag and Children reciting the Pledge of Allegiance.
The editors at NBC deliberately cut out "Under God, Indivisible" from their montage.
Don't believe me, here is another segment from the same lead in.
The great, exceptional, free republic to ever be seen.
NOT so fast!
The Mercatus Center, a Virginia think tank has been conducting a Freedom in the 50 States' (PDF) study for a number of years.
This study ranks the American states on their public policies that affect individual freedoms in the economic, social, and personal spheres. With updates and expands to its report since its inception. This years study was conducted by William Ruger, who is an assistant professor in the Department of Political Science at Texas State University and Jason Sorens, an assistant professor of political science at the University at Buffalo, State University of New York.
Their findings are that the least freest states in the nation are New York, California and New Jersey rounding out the bottom of individual freedoms study. New York is by far the least free state and has had ‘the most interstate emigration of any state over the last decade’ The state also has ‘by far the highest taxes in the country’ and ‘only Alaska has more government debt as a percentage of the economy’.
New York’s smoking and gun laws are ‘extremely’ strict, cigarette taxes are the ‘highest in the county’ and ‘motorists are highly regulated’.
The report recommends New York should legalise same-sex partnerships, cut spending, privatise transport systems and cut taxes.
California ‘aggressively interferes in the personal lives of its citizens’ and ‘needs to cut government spending’, the report said.
It added that labour laws are ‘extremely strict’ and the state’s ‘liability system almost reaches the abysmal quality of the Deep South’s’.
The most free, the top 3... New Hampshire, South Dakota and Indiana.
New Hampshire’s gun laws are ‘among the most liberal in the country’, government debt has fallen and ‘effective retail-tax rates on wine and spirits are zero’. Nice!
It is also the only state in the U.S. with no seatbelt law for adults.