Hiding the truth on the debt

Media ignore true depth of our hole, and heap scorn on Republicans

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The national media have been all-too-happy to perpetrate a hoax in the ongoing debt ceiling dilemma -- and have been avoiding the most important truth.

First, the hoax: that if the debt ceiling isn't raised, Social Security checks may not go out and our military and veterans may not get paid and we'll default on our debt, which could cause a global depression.

We will concede that defaulting on the debt would be a bad thing. But that's where the truth-telling ends in many media reports.

The truth is, defaulting on our debt obligations -- as well as not paying Social Security recipients or the military -- is a matter for the Obama administration to sort out. The president and his men could very well choose not to issue those checks, but it would be their choice. The truth is, there will be money for those things even if the debt ceiling isn't raised.

It's just that the government will have to prioritize. It would be bad, and we don't recommend it. But failure to raise the debt ceiling does not equal default. Those who are saying that are misleading you.

As for the truth that they're not telling you, it's this:

The most recent Republican plan to cut spending called for trimming only about $1.2 trillion over 10 years, but this year's deficit alone -- the amount the government is spending beyond what it takes in -- is $1.65 trillion.

In other words, the big brouhaha in Washington is over whether we can cut less in 10 years than we overspend in one!

How pathetic is that? We've got our nation's capital in paralysis because our leaders can't even muster the courage to cut over 10 years an amount that is less than what they overspend in one year.

And yet, the "mainstream" media are in an uproar over how much those mean Republicans want to cut. They're being called unreasonable and unyielding and more. The truth is, the budget cutting noise now coming from Republican House Speaker John Boehner is pitifully inadequate, compared to how much cutting must be done to save this country.

Absolutely, blame the Tea Party conservatives in the House for seeing that truth and fighting to save the nation from bankruptcy.

When are the "mainstream" national media going to tell you the truth? When are they going to show how woeful the Republicans' current budget-cutting proposals are?

When are they going to remind you that the "uncompromising" Republicans are the only ones that have either passed a budget in the past two years or passed a debt-ceiling increase so far this year?

The lack of honesty in the media has poisoned the well. It has helped obscure just how dire the country's financial situation is. Most Americans will take just about any debt-ceiling deal now to make this short-term problem go away -- without any regard for the long-term sustainability of the federal government or the effect it all has on the economy.

Instead, talking heads in the left-leaning media -- which is to say, most of the traditional media outlets -- have set out to demonize Republicans and the Tea Party for their efforts to save the country.

Meanwhile, even while repeatedly and rightly berating White House spokesman Jay Carney to see the president's nonexistent plan, the press corps have allowed the demonization of conservatives to go on.

To this country's detriment.

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allhans
23532
Points
allhans 07/27/11 - 11:08 pm
0
0
RA Is there a danger of

RA Is there a danger of insurrection or rebellion? I guess I missed that part. I didn't hear Obama mention it Mon night.
Of course we need to raise the debt ceiling, if not the country can't borrow more money! (yep!)
My concern is when does all this catch up with us? WE can't possible continue to go in debt deeper and deeper by the day. Anyone who cares for the country will have to admit that.
Of course there are always those who only care about themselves.

Insider Information
4009
Points
Insider Information 07/27/11 - 11:48 pm
0
0
My deal is still on the

My deal is still on the table...

If the debt ceiling isn't raised by Aug. 2 and the world really does come to an end, I will buy a steak dinner for everyone. I will even apologize for being wrong.

faithson
5134
Points
faithson 07/28/11 - 12:39 am
0
0
'Absolutely, blame the Tea

'Absolutely, blame the Tea Party conservatives in the House for seeing that truth and fighting to save the nation from bankruptcy.' Yea let's burn down the house to kill all the cockroaches... Our financial Apocalypse is right in front of us and unlike the new testament apocalypse we CAN do something about bringing it about. Our nihilism for our countries future must come to furation NOW, while we CAN and we MUST stop our march into, into, into... yea, that's my point, into what, WHAT is and has always been the mindset of only 34% of our voting electorate. Screw the other 63% who just want to get on with their lives without all the sanctimony. Karl Rove's 51% to govern policy instituted under Bush has been a divisive cancer perpetuated upon the electorate by abusing the god fearing sentiments of the good american people. We need reform, but it must be done with intelligent discussion, not zealous righteousness.

virgilkane
379
Points
virgilkane 07/28/11 - 12:54 am
0
0
If it happens I wonder how

If it happens I wonder how long it will take the tea party folks to start griping about the consequences of the actions they themselves are demanding. It will really be interesting for the ones you work for companies with government contracts.

virgilkane
379
Points
virgilkane 07/28/11 - 12:57 am
0
0
And Thank you John McCain for

And Thank you John McCain for telling it like it is.

Riverman1
82250
Points
Riverman1 07/28/11 - 05:16 am
0
0
Listening to the liberal

Listening to the liberal media calling Tea Pary members extreme in their attempt to not spend more than we take in shows you just how absurd matters are. Have we lost all common sense about how to spend? Those of us who work, spend within our means and save can only shake our heads at the concept that's extreme. This scenario is worthy of a Kurt Vonnegut novel.

carcraft
25194
Points
carcraft 07/28/11 - 05:46 am
0
0
Lets see, Obama and the

Lets see, Obama and the Democrates are Increasing the deficit at about 3 X what Bush has done. The Democratic plan-TAX THE RICH. Taxing the rich would pay for the current deficit spending for about 25 days! Burn the house down to kill the cockaroaches or let Chine forclose and force us out? Pray tell Virgikane, Faithson, and Retired Army, where is Obama's budget? Where is the Democrat budget? Please explain what cuts Obama plans to make to the government spending. Paul Ryan produced a plan, OBAMA's debit commission-when did Obama ever purpose following it...So please explain to me how we solve this problem other than drastic cuts to the Federal spending? Calling Suzy Oreman-please report to the office of Obama and Reid, Maybe she can explain it to them so they understand..LOL=

nofanofobama
6809
Points
nofanofobama 07/28/11 - 05:59 am
0
0
why should one dime more go

why should one dime more go to DC when they have proven over and over they cannot manage a lemonaide stand..waste, fraud, abuse and duplication is common in our bloated budget..yet we have those who advocate giving them more of someones else money to blow...80 billion in tax reduction for the rich each year under bush and obama that said just last dec. how inportant it is not to raise taxes in a down economy..so if you get that 80 billion more where does the other 1.42 trilllion or so to close the annual deficet come from...80 billion is not even tip money... yet you all blame bush[and he did spend too much] for our spending problems so lets go back and use the 2008 budget [his biggest]. USING THAT BUDGET would immediately cut about 1.2 trillion of govt spending and if you subtract tarp we go to 2 trillion..i keep hearing about not compromising with obumler...where is his budget..where can i read it..not just hear say..but where can we compare it cut for cut etc..800 plus days since HARRY passed a budget which is required by law..yet you all like to blame the so-called tea party people that simply ask for sanity and stewardship in our federal govt..the tea party people that pay taxes..

rmwhitley
5542
Points
rmwhitley 07/28/11 - 06:20 am
0
0
democrats crack me up. What a
Unpublished

democrats crack me up. What a vaudevillian act!

Techfan
6461
Points
Techfan 07/28/11 - 07:04 am
0
0
Why not do away will all of

Why not do away will all of the Bush tax cuts. According to the Congressional research Service, the cost of keeping them will cost $5.048 trillion through 2019.
http://www.scribd.com/doc/40488953/Bush-tax-Cuts-crs-10-27?query=trllion

thewiz0oz
9
Points
thewiz0oz 07/28/11 - 07:20 am
0
0
The only thing worst than

The only thing worst than freezing the debt limit & not allowing the liberal spenders in Washington - Democrats & Republicans - to borrow more money to mismanage is to go along with King Obama's non-plan which gives him a blank check to buy more votes as he did with the non-stimulus trillion $'s he has already wasted. He is the biggest empty suit to ever occupy the oval office.

nofanofobama
6809
Points
nofanofobama 07/28/11 - 07:25 am
0
0
why give them one dime

why give them one dime more..tech ..what about all the waste and fraud..BUT if you all libs want to fork over your OWN money to DC..i see no objections to it.

Techfan
6461
Points
Techfan 07/28/11 - 07:31 am
0
0
Bush's largest budget was his

Bush's largest budget was his last, $3.1 trillion for 2009 (the fiscal year ends in Oct., not Jan.) Also Bush kept the costs of the Iraq and Afghanistan OFF BUDGET, so you can add another $160-$170 billion to that (if not more).

Techfan
6461
Points
Techfan 07/28/11 - 07:27 am
0
0
I have no problems paying

I have no problems paying taxes. I sort of like roads, national parks, SS, Medicare, our military keeping us safe, protecting the air and water, food safety, etc.

robaroo
721
Points
robaroo 07/28/11 - 07:40 am
0
0
The amount being cut from the

The amount being cut from the deficit really is too little. The country desperately needs a balanced budget amendment since for the past thirty years, Congress and the President won't make the hard choices.

Had they been serious about balancing the budget, the Tea Party Republicans could have been on the side of the angels. However, they presented a show business version of the balanced budget amendment with enough "poison pill" provisions that they didn't have to worry about it making it past the Senate.

The US will continue to decline until some party steps up and makes a serious step to balance the budget. That means massive cuts and enough tax increases to meet obligations. It means scaling back the military and getting out of Afganistan and Iraq. It means saying no to unlimited Medicare costs. It means saying no to all the people who won't work for a living.

In other words, it means whoever does the responsible things will not be reelected.

harley_52
22989
Points
harley_52 07/28/11 - 08:15 am
0
0
Yes, it's those evil "Bush

Yes, it's those evil "Bush Tax Cuts" that cause our problems, isn't it techfan? Let's eliminate those "Bush Tax Cuts" and our problems will be solved. And if we really want to establish financial stability in our government we could even eliminate those "tax breaks for corporate jets," and even those "tax loopholes for big oil" and then we'd really be on a sound footing, wouldn't we?

Have you ever noticed how peoples' eyes glaze over when discussing this stuff? Somebody throws around "trillions" of dollars here and "billions" of dollars there and most people (well, maybe not you really, really smart people) get lost in the numbers. It's pretty hard to comprehend a "trillion" dollars for most of us. And it's easy to get misled when emotionalism and class envy is introduced into the mix. Are "the rich" really the issue here?

Here's my shot at getting the real issue across. I'm certain the paid internet trolls will find fault with it, but it's the best way to present the issue to us simple folk that I've seen lately.

http://www.youtube.com/watch?feature=player_embedded&v=YGkEvoSod4Y

nofanofobama
6809
Points
nofanofobama 07/28/11 - 08:31 am
0
0
its true bush never included

its true bush never included the war cost in his budget...but it still added to his deficit spending per year..if you over spend 2 dollars and one in budget and one off budget, its still a two dollar deficit..is it not???? also tech do you really believe if they actually spent our money wisley and did not waste any ...there would be no parks etc..as you listed...and what is the point of re-stating that oct is the end of the federal budget..does that mean BUSH WAS responsible for the stimulus program that was passed in the spring of 2009..

Techfan
6461
Points
Techfan 07/28/11 - 08:37 am
0
0
I didn't say eliminate the

I didn't say eliminate the Bush tax cuts on "the rich" (even though the top earners are the only ones whose income has increase in real dollars since 1980) so you can cut the "class envy" stuff. I think we should eliminate them all, eliminate the cap on SS deductions, count all money received as income and not have a special low rate for capital gains (even though it would increase my taxes greatly, I don't think trust fund babies should pay a lower rate than working people), eliminate loopholes, eliminate the child deduction (if you want to have kids, take responsibility), eliminate the earned income tax credit, decrease the defense budget (we spend almost half of the entire world's military budgets). These should go a long long way to solving the debt problem.

Techfan
6461
Points
Techfan 07/28/11 - 08:51 am
0
0
If Obama can keep the debt

If Obama can keep the debt under $19.766 trillion after 8 years, he will have done better percentage wise than Bush (86% increase, 113% under Reagan).

Chillen
17
Points
Chillen 07/28/11 - 08:58 am
0
0
We need drastic reform in

We need drastic reform in this nation. Our entire political system & social engineering system need a re-boot. We need to return to the basics & start over. It will be difficult but it can be done. Heck, its better than what we have right now which is constant bickering and utter chaos.

Return the federal govt to bare boned basic functions. This nation is too large and too diverse for us to be happy with what ANYONE in Washington does. Make the jobs of Senators & Representatives part time - i.e. meet twice a year for 2 weeks. They need to work real jobs so they have a clue.

Think about it. Europe functions this way. Each country is about the size of one of our states and they function 99% independently of each other.

Return the power to the states. That way our socialist friends can move to California, Illinois or New York & continue the failed multi-culturalism and social engineering experiment. I will choose the state with maximum freedom. I hope we have good border security.

If we don't do the above, I'm afraid a civil war is imminent. We cannot function as a house so divided. It cannot be done. Hopefully the divide will be peaceful & fast.

Chillen
17
Points
Chillen 07/28/11 - 08:56 am
0
0
"If Obama can keep the debt

"If Obama can keep the debt under $19.766 trillion after 8 years....". That will never happen. Unless Congress can force the issue.

But not to worry techfan. He won't get 8 years to begin with.

southernguy08
499
Points
southernguy08 07/28/11 - 09:11 am
0
0
Funny how the liberals
Unpublished

Funny how the liberals conveniently ignore the fact that the house passed a bill which would have kept the govt. running and begun to pay off the national debt, and the Dem controlled senate, along with a vow by Obama to veto if passed, killed this bill because it contained a requirement for a balanced budget amendment. We're told to live within our means, but govt. says to us, "Do as I say, not as I do." What a pathetic bunch of losers, led by an total incompetent in the WH. Obama, your party will lose BIGTIME in 2012!

Techfan
6461
Points
Techfan 07/28/11 - 09:14 am
0
0
As long as each state gets to

As long as each state gets to keep the same amount of tax money they pay in. The red states will be in a bind.

Techfan
6461
Points
Techfan 07/28/11 - 09:23 am
0
0
Will everyone be willing to

Will everyone be willing to pay massive tax increases when we go to war if we had a balanced budget amendment?

Riverman1
82250
Points
Riverman1 07/28/11 - 09:21 am
0
0
Techfan, we end up paying for

Techfan, we end up paying for it sooner or later. Maybe if we had to start paying immediately it would keep us out of wars. Or better still have us fight them in more economical and effective ways. Fast in and fast out. You mess with us, we bomb you until you are sorry.

Techfan
6461
Points
Techfan 07/28/11 - 09:33 am
0
0
Bring back the draft and when

Bring back the draft and when everyone as a stake in it we'll see less wars of choice.

Chillen
17
Points
Chillen 07/28/11 - 09:36 am
0
0
techfan. The red states

techfan. The red states won't have to support a nanny state so they'll come out smelling like a rose. My guess would be that states like CA would need 60+% tax rates. Freedom loving states - about 10%. Our federal taxes would be about 1%. A flat tax. That's all they'd need under my plan.

Regarding your war tax. Here is how a budget works. You add up all the essentials & put them in the budget. Then you have an emergency line & few other lines for things you know will happen but aren't happening right now - for example - war, storms, etc. You take the money from those line items & you SAVE IT. You don't spend it & you don't raid it.

Then, when you need the money, you have a nice fund & you don't have to tax more, it's already been collected & properly managed.

My household runs on a balanced budget every month. We deny ourselves things we want but that's the way it is. We plan for emergencies because the unexpected always happens (you know, like a depression, 20% food inflation, unemployment --- those sorts of fun obama things).

It's just not that hard to balance a budget. If you aren't driven by power, greed & theft motives like the politicians are.

nofanofobama
6809
Points
nofanofobama 07/28/11 - 09:50 am
0
0
tech--why dont we all pay 100

tech--why dont we all pay 100 per cent taxes and let the govt divy out the money as they see fit...that in your eyes would relieve the debt..make govt all powerful and should resolve your desire for everyone to pay more taxes...

Techfan
6461
Points
Techfan 07/28/11 - 09:56 am
0
0
Many families have a

Many families have a mortgage, car payment, loans for kids' college, etc. They might have a balance between what they pay each month and what they earn, but they owe more overall than what they earn. Luckily, I've had a good paying job (RN), my house is paid for, as are both cars, no kids to cover, and I don't believe in credit cards, so yep, my budget is balanced. I would guess that most families don't and most have a negative net worth.

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