The House of Representatives has passed the Boehner bill authorizing a limited increase in the $14.3 trillion debt limit in exchange for more than $900 billion cuts in spending. The vote was 218-210 after Speaker Boehner (R-OH) agreed to revise the legislation to condition a second increase in the debt ceiling on congressional passage of a balanced-budget amendment to the Constitution.
The debt ceiling must be raised so that we can pay off the balance on the federal credit card. They have already spent the money, and we have to borrow more money to pay the bills.
Because we have already spent more money than we can afford, Republicans are demanding that we cut back on spending money that we don’t have, but have to borrow. They are asking for a balanced budget amendment—something that most states have—to force some discipline on Congress and keep them from running up more credit card bills.
Remember that the government has no money of its own. Government money comes from taxpayers — you, and the Democrats want more. Republicans think people are taxed enough, and the problem is a spendaholic government. that needs to be forced to cut back a little.
The Democrats simply want to continue their spending spree, and are furious that the Republicans are trying to make them stop. Verum Serum did a helpful roundup of the new tone the Democrats have adopted during the debate:
•Rep. Nancy Pelosi – “We’re trying to save life on this planet as we know it today.”
•Rep. Nancy Pelosi – “They want to destroy your rights.”
•Sen. Harry Reid – “The time for ideological extremism should end.”
•Rep. Rangel – “These people don’t care about our country.”
•Comm. Director Dan Pfeiffer – “…could potentially put us towards a depression because House Republicans…are unwilling to compromise.”
•DNC Chair Debbie Wasserman-Schultz – “This is almost like dictatorship.”
•Rep. Garamendi (D-CA) – “They basically want to terminate the American Dream.”
•Rachel Maddow – “shameless, craven, unprincipled, partisan hackery”
•Tom Friedman – “If sane Republicans do not stand up to this Hezbollah faction in their midst, the Tea Party will take the G.O.P. on a suicide mission.”
•Rep. Hoyer – “They want to shoot every bullet they have at the president.”
•Van Jones – “They want to repeal the 20th century. They want to smash down every American institution our grandparents fought for…”
•Joe Klein – “Osama bin Laden, if he were still alive, could not have come up with a more clever strategy for strangling our nation.”
•Steve Rattner on MSNBC – “It’s a form of economic terrorism…These Tea Party guys are like strapped with dynamite standing in the middle of Times Square at rush hour saying either you do it my way or we’re going to blow you up, ourselves up, and the whole country with us.”
Is this the way it goes at the kitchen table in your house? The credit card bill gets big enough that you realize that you’re in trouble. You demand that the rest of the family pay attention, recognize the problem and agree to hold off on spending until you get the bill paid off, and recognize the need to change their ways a little.
Do the wife and kids start screaming that you’re trying to destroy their lives, ruin everything the family has ever stood for, that you don’t care about them? Can you identify the children in this scenario?
The Democrats have no plan. The president has offered no plan. (The Harry Reid “plan” includes “cuts in spending” that say—if we were to keep the War in Iraq and the War in Afghanistan going for another 10 years it would cost $1 trillion . But we’re not going to do that, we’re withdrawing our troops in 2014, so we would have $ 1 trillion in savings.) See Paul Ryan (R-WI) explain the Democrats spending cut gimmicks here.
The battle isn’t about the debt limit. The battle is about the Democrats desire to keep right on spending, and the Republicans desire to make them cut back a little. The flaming language defending their spending spree is hard to understand — strangling the nation, dictatorship, destroying your rights?
The other news today is slower growth for the economy, more mass layoffs, a downward revision of growth estimates for last month, the stock market down another 100 points. Republicans really want to get back to a growing economy. Why don’t the Democrats want that?