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That radical right-wing lunatic fringe known as the Tea Party has led the way to the introduction of House legislation known as H.R. 2560, aka Cut, Cap, And Balance. Wait until you get a load of what these Republican wingnuts are proposing:
H.R. 2560, The Cut, Cap, and Balance Act, is based on the framework first proposed by the Republican Study Committee in June 2011. The bill makes cuts $111 billion in FY 2012, places firm caps on future spending, and – contingent upon House and Senate passage of a Balanced Budget Amendment – grants President Obama’s request for a debt limit increase. The House of Representatives is expected to vote on H.R. 2560 on July 19, 2011.
1. Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.
2. Cap - We need statutory, enforceable caps to align federal spending with average revenues at 18% of Gross Domestic Product (GDP), with automatic spending reductions if the caps are breached.
3. Balance - We must send to the states a Balanced Budget Amendment (BBA) with strong protections against federal tax increases and a Spending Limitation Amendment (SLA) that aligns spending with average revenues as described above.
With each passing day our nation’s fiscal health gets worse, leaving our children and grandchildren falling further into debt. Democrats seem to have given up, proposing even more borrowing in response to our massive debt addiction. With the problem growing larger every day, we must move quickly and unite behind a plan to cut spending and get our budget into balance.
Can you believe it ? These insane-in-the-membrane Republicans actually believe Congress should balance it's budget. They believe we SHOULDN'T bankrupt the country via deficits and debt. They believe there should be a LIMIT to federal spending. Clearly, we have to nip this foolishness in the bud. If we don't, this radical idea of fiscal responsibility may start to catch on, like a virus. The House wingnuts are voting on the Cut, Cap, And Balance plan today, where they will most likely pass it.
Luckily, we also have sane Democrats in Congress and the White House, who know fiscal responsibility is for losers. These sane Democrats know that borrowing trillions upon trillions of dollars forever couldn't possibly have any negative ramifications (unless a Republican is in the White House). These sane Democrats know that spending should never be limited, and endless tax increases are the only answer. What could go wrong ? The sane Democrats know the answer to our economic maladies is found in what I call the Democrat three step approach - 1) Tax, 2) Spend, 3) Repeat. Sane Democrats know their approach can lead only to economic welfare, with an emphasis on the "welfare" part. You citizens won't have to worry about anything if you follow the sane Democrats. You most especially won't have to worry about what to do with all the extra money in your pocket. The sane Democrats will decide what to do with that after they relieve you of your
The sanest Democrat, President Obama, freaked the hell out at the thought of the government having to live within a budget. If anybody knows fiscal responsibility is for the birds, it's Obama. He knows balanced budgets are a threat to the very fabric of the nation, or something. Obama sanely threatened to veto fiscal responsibility. Here's a statement from the White House:
The Administration strongly opposes H.R. 2560, the “Cut, Cap and Balance Act of 2011.” Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility. Increasing the Federal debt limit, which is needed to avoid a Federal government default on its obligations and a severe blow to the economy, should not be conditioned on taking these actions. Instead of pursuing an empty political statement and unrealistic policy goals, it is necessary to move beyond politics as usual and find bipartisan common ground.
Take that, you Republican Tea Party wingnuts. Obama don't want to hear about no "unrealistic policy goals" like a balanced budget. What a loony idea. "Politics as usual" demands that these deficits and debt accumulation continue on and on. Obama knows the two parties must "find bipartisan common ground" by continuing with the sane Democrat plan of increasing spending and raising taxes.
Here's the sanest of the sanest Democrat's pronouncements:
The President has proposed a comprehensive and balanced framework that ensures we live within our means and reduces the deficit by $4 trillion
Right on, Mr. President. Reducing the deficit by $4 trillion "ensures we live within our means", except for the other $5-6 trillion of deficits you are projected to run up, of course. But what's $5-6 trillion more in deficits among friends, eh ? We'll keep that on the down low.
Heck, the next thing you know, the wingnut Republicans will be asking the Democrats in Congress to produce an actual budget, which the Dems haven't done in over 800 days and counting. Those radical right-wingers just never stop making irrational demands, do they ?
Remember this in 2012, folks. I suggest you all get bumper stickers to spread the news - Vote For Fiscal Irresponsibility. Vote Democrat In 2012. It's the "sane" thing to do.