I have watched with amazement over the last few decades, as the Republicans would take crap from the Democrats and always it seems, would back down. The Democrats, right or wrong, would stand up for what they were saying and always….the Republicans would back down. When the Republicans were RIGHT on their issue, and the Democrats would disagree with them, the Republicans would always….back down. But I think they are finally starting to learn how to fight, and all I can say is, it is about time!
A discussion yesterday morning in Washington on Capitol Hill on the Senate Budget Committee, we finally see a Republican stand up to the Democrat, for something that the democrat is doing wrong. And the senator explains it by reading the law to the democrat. This is great.
Senator Judd Gregg, a Republican from New Hampshire, was talking with the budget director Peter Orszag. Here is the exchange:
GREGG: The whole concept of the TARP was that as we recouped the money — because we were borrowing it from Americans and from the Chinese. That as we recoup that money, we would use it to pay down the debt. Now, that’s not going to happen. It’s become a piggy bank, which adds to our deficit, adds to our debt.
Now, here is where the Republicans have always retreated, because the budget director Peter Orszag comes right back with this:
ORSZAG: The degree to which shifting funds, ehhh, would add to our debt or — uh, uh — deficits depends on what the net subsidy rate would be on that new activity. And, remember: The purpose of TARP was to address problems in our financial markets, and it has been remarkably successful in bringing credit spreads back down to normal levels. One of the lingering problems in our financial markets, however, is access to credit for small businesses.
But here is where it gets interesting. The Republican, Judd Gregg, from New Hampshire, didn’t back down, He came right back with this, and the exchange follows:
GREGG: No! No! You can’t make that type of statement with any legitimacy.
GREGG: You cannot make that statement. This is the law.
ORSZAG: Small businesses are not suffering from access? A lack of access?
GREGG: Let me tell you what the law says. Let me read it to you again, because you don’t appear to understand the law. The law is very clear. “The moneys recouped from the TARP shall be paid into the general fund of the Treasury for the reduction of the public debt.” It’s not for a piggy bank because you’re concerned about lending to small businesses —
ORSZAG: Senator, this would require new legislation.
GREGG: — and you want to get a political event when you go out and make a speech in Nashua, New Hampshire. That’s not what this money is for. This money is to reduce the debt of our children.
This is great, because not only is Senator Gregg standing up to Peter Orszag, he is quoting him the law! Telling him since he doesn’t know it, he reads it to him, so he can know what it says, and start doing the right thing. Bravo to you Senator Gregg. Keep standing up for what is right. Maybe more politicians will do the same, and save this nation from the Obama’s, the Pelosi’s, the Reids, and the Schumers.
Here’s the final exchange, and Bernie Sanders gets involved here.
GREGG: Let me ask you another question.
GREGG: Because clearly we’re not going to agree on this and you’re not going to follow the law.
Secondly — Well, then you’re not going to be able to do it unless Congress —
GREGG: — gives you the authority to do it.
SANDERS: That is how laws are made usually. Congress passes them.
It is about time the Republicans learned how to fight back. Keep standing up for what is right. That is the only way to win this war, that the Liberals have waged on America. Again, Bravo to you. Keep your backbone. It becomes you.
God Bless America, her allies, her troops and her people
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