Apr 01 2009
Finally, A Fiscally Responsible Plan – Updated!
There are some voices of sanity left in Washington DC, and thankfully this voice is coming from the conservative side:
House Republicans are calling for the economic stimulus package passed in February to be rescinded starting in 2010 as part of their alternative to President Obama’s budget blueprint.
After being criticized last week for lacking specifics in their budget rebuttal. the Republicans said Wednesday they also want a freeze on non-defense spending and a moratorium on earmarks for Congress.Â
“This is a budget with real policies and real numbers,” said Rep. Paul Ryan, R-Wis. “We’re going into an ocean of red ink in this country. There will be a time when others won’t buy our bonds.”Â
Compare this to the insanity of the Democrats (H/T Gateway Pundit):
#1Â .Under the Obama budget, the Congressional Budget Office (CBO) projects that the national debt will double over the next five years; and it will triple over the next 10 years to $17.3 trillion.
#2. Under the Obama budget, CBO projects that the national debt will soar over the next 10 years from 40 percent of GDP today to a shocking 82.4 percent. (Ronald Reagan left office with the national debt at 42 percent of GDP).
The right path forward is obvious and clear – bankruptcy or recovery.
Update: As if it could not be any worse:
The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.
I will never, in my lifetime, see the end of this red ink.
Update: Yeah, this picture looks MUCH better:
SInce it is us, the American taxpayer, who need to burn off all this debt (through the next 2-3 generations) the GOP is finally proposing a preferable and mature alternative to the Democrats’ panic spending mode.
Terrye,
In response to my characterization of the looney far right as “those conservatives who do nothing but rant about Obama like he is the devil reincarnated and are unable to articulate rationale and intelligent thoughts or arguments about the actual policy issues” – you said “I am not loony far right.” Okay, let’s examine this question based on your quotes from this post alone:
“Obama has been an arrogant prick”
“What a narcissistic a$$”
“crazy person like Obama ruin a perfectly good country”
“Obama did not try to court anyone but the mullahs.”
“The man is a liar.”
“this insane plan of Obama’s to use a recession to bankrupt this country”
You know how they say that an alcoholic is the last person to realize they have a problem, even though it is patently obvious to everyone else? Same kind of concept applies to the fringe of politics on both sides of the aisle. I hate to be the one to point it out, but I think you got a problem.
U.S. seen facing danger of 2nd recession next year
http://www.reuters.com/article/businessNews/idUSTRE5308HW20090402?feedType=RSS&feedName=businessNews&rpc=35
McCain: Obama breaks promise of bipartisanship
http://www.washingtontimes.com/news/2009/mar/28/mccain-obama-breaks-campaign-promises-shuns-bipart/
Yep.
But, who is surprised? Obama had no record of EVER being bi-patisan.
Guy,
The even funny part about the graph is the fact that the blue Democratic budget line takes a dramatically steep incline right around 2030 – 11 years after the latest CBO projection, which you pointed out is 2019. The GOP buffons literally made it up out of thin air. You just watch though, there will be all of these kool-aid drinkers out there at Fox and the blogs pointing out that very same steep incline like it is the word of gospel. It is amazing what people will accept as truth when they really, really want to believe it is true. Too funny.
conman:
Do you really believe anyone reads your mile long posts? As for who is making things up out of thin air, talk to the Obamabots, they do the same thing with their projections…that is why they are called projections. They both depend on using projected data. Get it?
crosspatch:
Well it is all about him doncha know.. and Michelle was snuggling up to the Queen. It is like watching the Mafia go to Buckingham palace. Vs the hillbillies going to Beverly Hills.
kathie:
I know and here I thought they would be throwing rose pedals in the path of Obama.
Hey I did see a great post at Hot Air, they linked it from Red State. They have taken an old ad from MoveOn about children working to pay off the president’s {meaning Bush} debt or something and they have reworked for Obama’s debt. Hoisted on their own petard.
No longer feeding the troll
Conman ,
It is easy to justify the geometric progression of the Democratic budget line. Compound interest is geometric.
Is that news to you?
Rick
Rick,
We all know Conman cannot functional mathematically beyond the middle school level. I sometimes think decades of poor public education was a long term plot of the liberals to dumb down the masses so they could take them over.
Too Pinky and The Brain, but there are times …
AJStrata
I find it very interesting how just because Obama won, that the GOP Congress members are not expected to do their JOBS and REPRESENT their constituents if those constituents who VOTED for them do not agree with Obama’s plans. Obama should reach across the aisle because he is the President of the UNITED STATES and there are AMERICANS who did not vote for him. He should be expected to act in the best interest of the WHOLE country not just those who voted for him.
So this whole “I won” or “We won” crap doesn’t fly. Once the election is over it is time to work together to find the best solution for the country. Not to cater to the few people who paid for your campaign. Obama isn’t even thinking of the lower or middle class people who voted for him. He is catering to the rich.
Wait…aren’t the Dems suppose to be more interested in helping the poor than making the richer richer. Cause I’m pretty sure the Dems have been blaming the GOP for only thinking of the rich. Guess that myth was just BUSTED!
Clinton was not impeached for a BJ. He was impeached because he lied to a federal grand jury about getting a BJ. Big difference. One is stupid, sick and immoral, the other is a felony which in a impeachable offense. And the repubs did not try to impeach him, they did impeach him. The house of reps ins responsible for impeachment the senate throws him out. conman is about as good as math as it is at recent history and our constitution.
Since you have probably never read our constitution here are the relevant sections:
Article I, Section 2
Clause 5: The House of Representatives shall choose their Speaker and other Officers; and shall have the sole Power of Impeachment.
Article I, Section 3
Clause 6: The Senate shall have the sole Power to try all Impeachments. When sitting for that Purpose, they shall be on Oath or Affirmation. When the President of the United States is tried, the Chief Justice shall preside: And no Person shall be convicted without the Concurrence of two thirds of the Members present.
Article II, Section 4
The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.
BJs do not fall between High Crimes and Misdemeanors but felony does.
Wow,
It looks like I hit a nerve! No sense in going back and forth on the minutia because it could go on forever. I made my point and you all had your opportunity to vent. Plus, I have to get my work done at some point. Thanks for the laughs.
Not venting, just openly displaying your ignorance.