By Bob Guzzardi
This is what we are up against: a President willing to create an economic crisis to impose Socialism and to transform American government forever.
The House Republicans, elected in 2010, by the Tea Party movement, gave the House Republicans a commanding majority and the power to checkmate the President’s moves. That veto power was, again, given to House Republicans by American Voters on 6 November 2012 as they were shellacked at the Presidential and Senatorial contests. Elections have consequences.
It is time for House Republicans to remember that there are three co-equal branches of government and that the House of Representatives has primary responsibility for the spending, debt, deficit and taxation. The House Rs have the power; use it … for the good of America’s productive and very Forgotten Taxpayer and, even more importantly, to halt the President’s plan to replace American Constitutional Exceptionalism with European Welfare State Socialism
Ahead of the Curve: The Debt Ceiling Vote –
To continue operating, the government must borrow. The House Republicans have the power to block more borrowing. If not now, then when. Spending and borrowing won’t cure themselves and they are not getting better.
The Federal Government spends $2.4 more a year than its tax revenue. “Mandatory” and perennial Entitlements, Social Security, Medicare and Medicare plus debt service spending cause an annual deficit of $250 billion, that is, automatic spending swamps tax revenues before any spending for defense which, as you may recall, is the reason we have a federal government, not for wealth redistribution, corporate welfare, farm welfare, or a centralized, command and control of the economy , the Statist military model of an economy, or a banking cartel of currency and credit, the statutorily created Federal Reserve bank monopoly.
The Rs caved on Debt Ceiling and cooperated with the Democrats and the President and we got the biggest tax Increases increase in American history and indiscriminate spending cuts threatening national defense. The President and the Democrats are intransigent and for a reason, because it advances their transformation of our way of governance.
At one point, according to notes taken by a participant, Mr. Boehner told the president, “I put $800 billion [in tax revenue] on the table. What do I get for that?”
“You get nothing,” the president said. “I get that for free.”