Remember when then-Vice President George H.W. Bush made his 'infamous' statement?!? In 1987--while campaigning in New Hampshire--Mr Bush made the statement:
"read my lips, no new taxes!"Later--during his acceptance speech at the 1988 GOP Convention--Mr Bush made the following statement:
"....and I'm the one who will not raise taxes. My opponent (Michael Dukakis) now says he'll raise taxes as a last resort, or a third-resort. But when a politician talks like that, you know that's one resort he'll be checking into. My opponent, my opponent won't rule out raising taxes. But I will. And the Congress will push me to raise taxes and I'll say no. And they'll push, and I'll say no, and they'll push again, and I'll say, to them, 'Read my lips: No new taxes.'"In light of the aforementioned, let's have a look at the early-August, 2011, debt-ceiling agreement. The framework of that agreement would increase the ceiling by $400 Billion immediately and another $500 Billion in September. After 'deep cuts' were inacted, the ceiling would be raised by ANOTHER $1.2-$1.5 TRILLION!!!
The other side of this ludicrous agreement is to effect deficit reductions of at least $2.1 Trillion over the next ten years!! What kinda crap is that?!? First and foremost, no future 'numbered Congress' is bound by this agreement; they can just choose to ignore it and act in the best interests of the Ruling Class. Given that "Clown Prince ZERO-bama, the Narcissist" has increased deficit spending $6 Trillion IN JUST THREE YEARS, why in hell would even the most idiotic of the Ruling Class give him additional borrowing power?!? If logic were more pervuasive inside the beltway--closer to barackingham Palace--the previous $400 and $500 Billion increases in the ceiling would not have been approved until 150% spending cuts HAD BEEN ENACTED. That means for every $100 Billion in debt ceiling increases, there must be a previous $150 Billion in spending cuts!!
The upshot of this whole kerfuffle is: Everyone remembers the 'read my lips..' statement but no one remembers that the democRATics (forerunners of the current owe-bamacRATics but not nearly as 'loose-with-a-buck!!') presented President Bush (41) with a 1990 budget having both increased and new, taxes!!
I--for one--am beginning to question whether the newly elected "Tea Party" republicRATics are adhering to the basic tenents of said "Tea Party?!?" The more this faction does, the more they look like the same ol' "go-along-to-get-along" republicRATics!! These various spending agreements are nothing more than owe-bamacRATic "slight-of-hand," verifying the axiom: if an owe-bamacRATic's lips are movin' he's lyin'!! Oh, and another thing: more has to be incorporated in the list of items eligible for spending cuts, like departmental budgets, welfare grants to states, other block-grants to states; the Department of Defense budget must be declared OFF-LIMITS!!
Oh, and another thing: We're just learning that China is ramping up their space program. Only the Ruling Class would believe that there will be no overt and covert, militarily offensive, militarily defensive actions based on China's space programs!! Just but one reason that the Department of Defense budget should not only NOT be cut, but must be INCREASED!!'Splain to me again why YOU elected "Clown Prince ZERO-bama, the Narcissist?!?"
I can not 'splain to you how--or why--those "Tea Party" republicRATics got elected!!!
[Actual Legislation, below] http://money.cnn.com/2011/08/01/news/economy/debt_ceiling_breakdown_of_deal/index.htm