Tea Party Patriots Bringing the Conscience of America to Washington DC
The Debt Ceiling Deal Falls Short!
The debt ceiling deal announced yesterday evening by President Obama and Speaker Boehner falls far short of the necessary target. We have a completely irresponsible spending problem coupled with a fallen revenue problem. Our leaders once again have delivered up smoke and mirrors in the seemingly endless parade of “Washington Political Theater”.
Over the last three years the federal spending level has increased over $1 trillion dollars per year, while the burden from entitlements like Social Security and Medicare/Medicaid has grown by less than $200 Billion. During the same period as a result of the uncertainty thrust upon the country by the profligate spending and concern that higher taxes will ensue, the American people and businesses have drawn tight the purse strings while they wait for the dust to settle.
The offer to the people is a $2.4 Trillion increase in the debt ceiling, which at current spending levels will barely get us past the 2012 elections, in exchange for $90 Billion a year in cuts over 10 years and a further promise that yet another commission will find an additional $150 Billion a year in cuts. So, the president gets safe passage from debt limit talks past the election and the Speaker gets to lay claim to some big sounding spending cut numbers until you divide them by the ten years it will take to realize them, in which time inflation and interest will all but negate their value. The American people get shafted again and are told to tread water. Uncertainty looms ever larger, unemployment/underemployed rates are in the high double digits, tax increases still threaten, the true impact of Obamacare is unanswered and the US government remains one of the most inefficient providers of services in the world.
American voters sent a clear message to Washington last November; they issued a mandate to cut spending and they meant it to be in a large way. The credit rating agencies have put the US government on notice and they too, are looking for large cuts in spending to show that the US is serious about getting its deficits reined in.
The current crew in Washington is in their third year of spending an excess of $700-800 Billion per year on programs that have obviously failed starting with the 2009 Stimulus. What ever they are doing, is not working. Half measure and political theater will not instill the confidence that America so desparatly needs
Tax increases have been suggested as a way to reduce the deficit, but would only be a band-aid. Even if we increased taxes 50% on everyone we would be left with an over $1 Trillion and growing annual deficit. The real burden on the middle class is not a lack of taxes collected from the rich, it is the governments choosing to exempt over 50% of the workers from paying federal taxes and indeed share your tax dollars with approximately 40% of the population with income tax credits, food stamps, medic-aide, housing assistance and other forms of redistribution by a government whose spending practices have outstripped the taxpayers ability to pay and still support a thriving economy.
At the same time they largely ignore the approaching tsunami of obligations that will inundate the system as the baby boomers begin collecting benefits. All of this is being overseen by an incredibly inefficient and costly, federal bureaucracy.
The Congress and President must take immediate steps to drastically cut spending $400 to $500 Billion annually and at the same time take positive steps to increase hiring and jumpstart the economy in order to address the revenue shortfall.
Please call your Congressman and Senators at (877)-762-8762 Toll Free or (202)-224-3121 alternatively you can email or fax by going here http://www.congress.org/congressorg/dbq/officials/ and tell them to go back to the table and come up with a responsible plan that significantly benefits the American people, not just their careers. “We the People” are watching, as are the Credit Agencies and the rest of the world. Ask them to please live up to the promise that our “Shining City On A Hill” has offered to the American people and the whole world.
For Liberty’s Sake,