A deal has been reached…..but we won’t like it!

Congress is moving quickly on an agreement to avert a potentially devastating default on U.S. obligations, with legislation that mixes a record increase in the government’s borrowing cap with the promise of more than $2 trillion in spending cuts.

After a tense weekend of bargaining, President Barack Obama and congressional leaders announced the agreement Sunday night, providing an instant boost to Asian financial markets and a huge dose of relief to an administration and Congress frazzled by months of partisan warfare and the chance that a default could send the still-fragile economy into recession.

The president said he has a deal to avert a default, and the way I look at this is, if the president wants this, it can’t be all that good. And looking at the details, it really isn’t. And to say this again. There would not have been a default. How many freaking times does this have to be said?

This morning on Garrison he had John Lott an economist, who had this to say about the deal that Congress made on the debt ceiling. If the debt ceiling stayed the same, would we suffer a default and would it be as catastrophic as the liberals are telling us?:

Yeah, it’s been really irresponsible, the scare tactics that have been going on about this. People have been making predictions about default, higher unemployment, lower GDP, and the stock market would collapse, and on and on about things that would happen. The most basic thing has been the default.

When we have, uh, each month, interest payments are less than 1/9th of what we bring in, in revenue.

If you don’t increase the debt ceiling, what that means is, it’s not that you can’t spend money, but your limited to spending money to what you bring in. Your limited to your income. You can’t go and borrow above and beyond what you bring in. It stops deficit spending. It’s kind of like enforcing a balanced budget amendment at that point. And we can easily pay that, and we’re obligated by the constitution to first of all pay off on our interest obligations, and as long as you do that, it’s like you make your monthly payment and just pay the interest, your not defaulting. Just like we wouldn’t be.”

But, it’s kind of a mute point now, because they passed it in the house last night, and it is expected to pass the senate today. My Congressman Todd Rokita didn’t vote for it, and only four of Indiana’s representatives did vote for it.

And this bothers me because of all the lies that have been told over and over again, even on FOX News about us going into Default if we don’t raise the debt limit. People, it wouldn’t have happened!

It would have actually shown our creditors that we have finally gotten adult supervision and started to take responsibility for our debt, instead of raising it again to allow the government to continue it’s insane spending policies. So with this new deal, we are still doing the wrong things. God help us.

May God bless our efforts to help get America back, and put God back into our country.
God, Bless America. Bless Americans. And Bless us to start using more common sense.


About Robert P. Garding

I am a Reagan Conservative, who is very alarmed at the Liberals who have just lost their majority over our government, but continue to act like it never happened. They have to be stopped. NOW or even sooner.
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1 Response to A deal has been reached…..but we won’t like it!

  1. tapline says:

    Robert, Your blog is great and tells it like it is….I have reached a point where I feel I am drowning in all the urine that keeps blowing back in my face when trying to pee against the wind. Nothing seems to be reaching our politicians……I shouldn’t say politicians, but most of them…….Either we are being lied to or they are just playing the political game, once they have made it into office….All I know is that I am paying much more for all my consumer items than I ever realized would be possible and they are talking about deficits, jobs and Unions…..Why don’t they pass a law allowing drilling and development of our gas reserves…allow clean coal development and …..What about coal oil????? I don’t know what it can be used for but Isn’t it a derivative of coal????I”m rambling again, but I get so up tight about the lack of progress…..stay well…
    reply from Robert: This latest bill that raised the debt ceiling again told us something if we were really watching Tap. The new freshmen in Congress and the Senate didn’t vote for it. It was the older politicians, Republican and Democrat that voted for it. Though, I have to say this time I could see both sides of the issue because of the success at scaring the public the way they did, actually got to a few like Mike Pence, who I agree with most all the time. He is a rock solid Conservative. And his ideals this time were conservative, though, he did waiver.

    We need to watch the leaders we have, and vote them out of office if they do not do what we want them to do. Now, Obama is telling us what he should have all along, and we need to watch that too. His rhetoric has been the same all along till he found out that it wasn’t going to help him get re elected. So he changed. But change he hasn’t. That is where most of us get flamboozled. We forget what they stood for all along. That is part of the process, and we need to keep getting the facts out there so that the people don’t forget with their short little memories of what is going on out here. Thanks for the comment, and I will continue to try to get the word out.

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