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Debt limit raised, now Obama trying to stop Sequestration

Democratic Senate Majority Leader Harry Reid has refused to produce a budget in over three years. Now, Obama has missed his legally mandated deadline to submit a budget proposal to Congress on the first Monday in February, for the fourth time in five years. Fiduciary responsibility doesn’t seem to be in this administration’s vocabulary.

While not producing a budget again this year, despite having months to prepare it, the president is playing sequestration politics in calling for Congress to stop the automatic budget cuts scheduled to hit March 1.

On that date, the sequester will begin taking slices out of defense and domestic non-defense spending, adding up to $1.2 trillion in “cuts”  over a ten year period – $120B a year out of over $3600B spent by Obama – a 3 and 1/3% cut, which is really only a reduction in the rate of growth. Draconian it is not!

These cuts were avoided when the fiscal cliff was avoided, but the cuts were never supposed to happen at all. The idea behind Obama’s sequestration proposal (yes, it was his idea) was to create automatic spending “cuts” so scary that Republicans would have no choice but to strike a deal — since it has worked thus far.

The Republicans are just like Charlie Brown with Lucy holding the football, with the Democrats promising to hold the line on the debt, but pulling back just before cuts are made, once again watching the Republicans fall on their backs.

The only thing Democrats will let Republicans kick is the proverbial can down the road.

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5 Comments

  1. The debt limit hysteria is a joke perpetrated on the American public by the GOP because they don’t want Obama to do anything constructive or reasonable. It’s only good for the Republicans and evil for the Democrats.

  2. Ted Biondo

    Spend, spend, spend, that’s all liberal Democrats know how to do. Liberal economic policies simply involve taking the role of Santa Claus using other people’s money, even taking away our kid’s and grandkid’s future earnings just so liberals can hand it to lazy people, who will not get off their butts – and they call liberals compasionate for such actions.

    Hollywood Movie Stars, rich Senators, other politicians and liberal Move-on.org Billionaire George Sorros always lecture Americans for their lack of compassion for wanting to keep some of their earnings for their own families.

    Why don’t you know-it-all liberal, and you rich liberals millionaires and billionaires part with some of your own money before knocking those who give to charities of their own choosing. Charities that have programs that actually help the poor, rather than just keep politicians in power, who maintain poverty, so that they can be elected and relected.

    It takes hard work to really solve America’s economic and educational problems, but that’s too much work for you liberals, when you can simply take what others have earned and give it to the uninformed masses for their votes.

    You guys haven’t had an original thought since Das Kapital, by Karl Marx. Profits are evil, exploiting the workers. Yea, let’s all be miserable on the same low level – that’s a much better system than Capitalism!

  3. Steve,

    Obama is closing in on $6,000,000,000,000 in additional debt in his 50 months. Be proud of it. Look at the bright side, its generated avg economic growth of 1.5%.

  4. What is happening now , was foreseen long ago…………

    The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money. -Alexis de Tocqueville

    Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude. -Alexis de Tocqueville

    “It’s time we asked ourselves if we still know the freedoms intended for us by the Founding Fathers. James Madison said, “We base all our experiments on the capacity of mankind for self-government.” This idea that government was beholden to the people, that it had no other source of power, is still the newest, most unique idea in all the long history of man’s relation to man. This is the issue of this election: Whether we believe in our capacity for self-government or whether we abandon the American Revolution and confess that a little intellectual elite in a far-distant capital can plan our lives for us better than we can plan them ourselves. (October 27, 1964)” – Ronald Reagan

  5. On a related note, I came across this quote:

    How did it happen? How did our national government grow from a servant with sharply limited powers into a master with virtually unlimited power? In part, we were swindled. There are occasions when we have elevated men and political parties to power that promised to restore limited government and then proceeded, after their election, to expand the activities of government. But let us be honest with ourselves. Broken promises are not the major causes of our trouble. Kept promises are. All too often we have put men in office who have suggested spending a little more on this, a little more on that, who have proposed a new welfare program, who have thought of another variety of ‘security.’ We have taken the bait, preferring to put off to another day the recapture of freedom and the restoration of our constitutional system. We have gone the way of many a democratic society that has lost its freedom by persuading itself that if ‘the people’ rule, all is well.-Barry Goldwater

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