Debt War, Redux
HERE WE GO AGAIN ….
Last August, “Republicans” and Democrats in Washington D.C. reached what we referred to as the “debt dereliction deal.” This agreement resulted in a $2.4 trillion increase in the nation’s debt ceiling – which was supposed to tide the federal government over until early 2013. In exchange, Congress agreed to cut $2.1 trillion from the nation’s debt over the next ten years.
What a joke, right?
Now it turns out that Barack Obama’s deficit math was way off. According to the latest calculations, the federal government will exhaust its borrowing capacity and reach its new $16.4 trillion debt limit sometime in October of this year.
That means a new debt limit battle is brewing … and once again “Republican” leaders in Congress are acting like they’re going to stand up for the taxpayers.
“When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase,” U.S. Speaker of the House John Boehner (RINO-Ohio) said. “This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance.”
Ok. Sounds good to us. We like tough talk… but the sad reality is that we’ve been here before with Boehner. He doesn’t have the balls to stand and fight for principles … simple or otherwise. He will cave and sell out the taxpayers the moment it becomes politically advantageous for him to do so – guaranteed.
In fact this status quo Speaker ratcheted up the rhetoric in advance of the last debt limit showdown, too … only to back down like a little bitch when the going got tough.
So forgive us for not giving Boehner more of an “atta boy” for his tough talk. After all, as our founding editor noted over on his Twitter page, “if there is one thing I hate more than socialists its ‘Republicans’ who are too pussy to stand up to them.”