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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Techfan
6461
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Techfan 07/28/11 - 09:58 am
0
0
Why not make some more

Why not make some more ridiculous comments, like low taxes create jobs, so a zero tax rate will create 100% employment.

carcraft
24327
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carcraft 07/28/11 - 10:03 am
0
0
Techfan-I believe you and I

Techfan-I believe you and I went over this before. Obama has increased spending by about 17% over Bush. Bush's spending was unsustainable, Obma's is even worse. The problem you will run ito trying to compare Bush and Obama using dollars is that we are in an inflationary period due to Obama's and Bush's spending. Every thing is costing more because Obama's dollars are worth less than Bush's! Obama Inflation, Obama Misery Index - QuickBooks-Blog

Crime Reports and Rewards TV
33
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Crime Reports and Rewards TV 07/28/11 - 10:47 am
0
0
We are about to O.D. on

We are about to O.D. on O.P.M. (Other People’s Money) Our enemies to the south have noticed and are moving in for the .... while we are distracted.

copperhead
1035
Points
copperhead 07/28/11 - 10:59 am
0
0
Would ANY liberal explain

Would ANY liberal explain spending our way out of debt? I don't see how it can be done. I owe about $30,000. How can i borrow $200,000 and be out of debt? Please,explain it so i can explain it to the loan officer. OR better yet,YOU give me the loan....my great-great-great-grandson will pay you back.

harley_52
22211
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harley_52 07/28/11 - 11:00 am
0
0
***Why not make some more

***Why not make some more ridiculous comments, like low taxes create jobs, so a zero tax rate will create 100% employment.***

Well, it has been proven time and again that 100% taxation and an AK-47 does indeed create 100% employment.

That's the real plan anyway, isn't it?

harley_52
22211
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harley_52 07/28/11 - 11:13 am
0
0
Government spending creates

Government spending creates jobs because it "stimulates" the economy. Everybody knows that. Just think how many jobs would be created by a $1 Trillion "stimulus" bill. I'm sure there are thousands of "shovel ready" projects just waiting for federal government funding. If we spend that $1 Trillion on "stimulus" unemployment will never rise over 8 percent.

Wait......

fiscallyresponsible
124
Points
fiscallyresponsible 07/28/11 - 11:56 am
0
0
To those who still hold the

To those who still hold the belief that obama is doing such a great job, I suggest you take a look at the graphs in this article titled "Are we Broke Yet". One is our treasury bank account and one is our national debt - which is rising dramatically under obama.

Hopefully your eyes will open -- because they sure need to.

http://www.slate.com/id/2299845/

harley_52
22211
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harley_52 07/28/11 - 12:40 pm
0
0
***Bring back the draft and

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

You're joking, right?

I'm in total agreement that we should bring back the draft, but not for the reason you mentioned.

With rare, but notable exceptions, wars aren't fought by the sons and daughters of the ruling elite. They're fought by high school dropouts and high school graduates from "flyover country." Children of the wealthy and connected typically find a way out until after the war is over and they can come out and brag about how patriotic they are.

The true value of the draft is that it gets the kids out of the house and helps them grow up. They learn personal responsibility. They learn how to work as a team. They learn the world doesn't revolve around their little town and their little circle of friends. They learn how other people live. If they're lucky, they learn the value of life and the magic of freedom.

When the draft is in place you rarely see junior living at home until he's 35, sponging off his parents until he's 45, getting up at noon, and mowing lawns for a living.

burninater
8915
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burninater 07/28/11 - 01:21 pm
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0
I asked Chillen this

I asked Chillen this question, and he's been silent on it. Anyone else want to take a stab at it?

The narrative of Republicans and Tea Partiers has pounded home the point that there is obvious, wasteful spending by the Democrats, ESPECIALLY welfare.

When given an opportunity to substantiate that claim, Boehner's budget identified LESS spending cuts than Reid's plan, even after war financing cuts were removed. Think about that. If this excessive welfare state suckling off the Federal dole was the real source of our spending woes, why on Earth was Boehner unable to find it to cut?

And if not the welfare state, but some other Democrat-only spending behavior, why couldn't they find THAT to cut?

The House majority has LESS concrete plans for cutting spending than the Dems. What is concrete for them is cutting REVENUE, but they can't cut spending, because it's their large donors as much as the Dems large donors that are receiving our tax dollars.

Chillen
17
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Chillen 07/28/11 - 01:46 pm
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chillen has been silent

chillen has been silent because 1. I haven't been on (I've been working - you know so I can pay my tax bill so the welfare group can get their checks next month) 2. The question is not posed here so I haven't seen it.

Let me answer it for you burninator. The reason Boehner, a Republican, does not touch the welfare issue is because of the double standard. If he did he would be strung up and then drawn & quartered by the moonbat liberal media & holier than thou politicians. They are relentless in their redistribution of wealth and socialist aims. He would be painted as a baby killer or a racist - and you know it too.

Welfare is but one serious spending problem that we have. There are so many that honestly I can't even believe it. There are literally thousands of items & entire federal departments that need to be eliminated.

You should also know that those of us who consider ourselves true fiscal republicans are not happy with Boehner right now. I believe he's going to eventually cave in to the organizer-in-chief. Brush up on your news outside Augusta & you'll see that he's being bashed by his own a bit.

Bottom line. You don't solve your spending problem by borrowing more money. I know bankruptcy works for so many Americans but I dont' think China, Brazil and all the other debt holders will let us off as easily as our liberal courts let off fiscally irresponsible American citizens. It doesn't work that way.

burninater
8915
Points
burninater 07/28/11 - 02:07 pm
0
0
Chillen, the question was

Chillen, the question was posted twice, and you responded to parts of the post that contained the question. Ironically, our discussion was about your ability to separate fact from fiction.

But as to this response. Welfare is a substantive problem, but the Repubs won't touch it because of a double standard? An image problem? Really? And the ACES editorialized yesterday that OBAMA is putting 2012 ahead of doing the right thing?

There's nothing wrong with someone that thinks the Dems are spending too much. But someone who thinks their opposition is any different simply because they SAY so, but then provide no substance on what they will actually cut? That person is a rube, plain and simple.

Demand specifics, and look at evidence. Anything else is snake oil sales.

harley_52
22211
Points
harley_52 07/28/11 - 02:09 pm
0
0
***When given an opportunity

***When given an opportunity to substantiate that claim, Boehner's budget identified LESS spending cuts than Reid's plan, even after war financing cuts were removed. Think about that. If this excessive welfare state suckling off the Federal dole was the real source of our spending woes, why on Earth was Boehner unable to find it to cut?***

Where can I find a copy of "Reid's Plan?" Do you have a link?

Chillen
17
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Chillen 07/28/11 - 02:16 pm
0
0
burninator. I'm not going to

burninator. I'm not going to get into it with you. I've got better things to do. If I didn't respond to it before, then I thought it was irrelevant to to the discussion, I answered the part that I thought WAS relevant and it left my mind. Believe it or not, I don't sit around all day thinking about your posts or your questions. Hows that for fact vs fiction?

burninater
8915
Points
burninater 07/28/11 - 02:16 pm
0
0
Here's the CBO summary with

Here's the CBO summary with links to full text PDFs.

http://www.cbo.gov/doc.cfm?index=12338

Chillen
17
Points
Chillen 07/28/11 - 02:19 pm
0
0
harley, reid probably doesn't

harley, reid probably doesn't have a plan except to help obama with his tp issues. Oh and he wants to to make money by auctioning government-owned wireless spectrum to cell phone companies. Bwahahaha!

harley_52
22211
Points
harley_52 07/28/11 - 03:37 pm
0
0
Well, I've read the CBO

Well, I've read the CBO summary and the director's notes. I must admit that the CBO scoring of the "Reid Plan" looks better than the "Boener Plan," but I'm not sure what that means. It's my understanding that the scoring simply analyzes the numbers provided by the legislation accepting all the assumptions used to create the numbers as givens. Is that right?

Is Reid's actual legislative proposal available for review? The draft of the bill that will actually go before the Senate? Anybody know?

Chillen
17
Points
Chillen 07/28/11 - 03:52 pm
0
0
Harley. I don't believe that

Harley. I don't believe that the CBO is even competent. Look at how miserably they botched (intentionally?) the predicted cost of obamacare. Every week there is something new that pops up that will cost us billions more. Don't fall for their hooey.

harley_52
22211
Points
harley_52 07/28/11 - 03:54 pm
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0
Burninater

Burninater says....

***"There's nothing wrong with someone that thinks the Dems are spending too much."***

Ain't that the truth.

Hell, even Obama agrees with that one.

And that's the irony of it all, isn't it? The man who's more responsible than any other man in history for runaway spending by the federal government now has the breathtaking temerity to publicly complain about it.

Hard to believe.

harley_52
22211
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harley_52 07/28/11 - 03:56 pm
0
0
***Don't fall for their

***Don't fall for their hooey.***

Thanks, Chillen. I won't. I'm just trying to understand the issue and the facts as they really exist.

burninater
8915
Points
burninater 07/28/11 - 05:07 pm
0
0
"Don't fall for their

"Don't fall for their hooey"

Yes Harley, avoid everything fact-based if it doesnt support the narrative.

jbl19584
1
Points
jbl19584 07/28/11 - 05:01 pm
0
0
If we cut $100,000.00 from

If we cut $100,000.00 from each politicians salary wouldn't we save a good bit of money? If everyone (no only the poor) has to pay their full taxes wouldn't that save? Also stop helping ever country that has problems and focus on the United States for a while. We have starving children and families here but we help all other countries more than ours. Why? If you've ever had to live on a real budget or been poor the problems are simple. Live the way we do knowing what has to be paid. Not spending money to live up to the Jones. Until this lesson is learned you'll never understand how to truly live within your means.

jbl19584
1
Points
jbl19584 07/28/11 - 04:58 pm
0
0
Call in money owed to the

Call in money owed to the United States by other countries.

follower
59
Points
follower 07/28/11 - 05:04 pm
0
0
Burn, below is pasted a

Burn, below is pasted a section called "Program Integrity Initiatives".

Start-
The Budget Control Act of 2011, as proposed in the Senate, includes four program
integrity initiatives aimed at identifying and reducing overpayments of federal benefits
and increasing compliance with tax laws. As proposed on July 25, 2011, the legislation’s
program integrity provisions for the Department of Labor and the Internal Revenue
Service are not specified in a way that would assure budgetary savings, in CBO’s view,
so CBO has not included such savings in this analysis. If funding is ultimately provided
for the other program integrity initiatives, their net budgetary effects would consist of an
increase in discretionary spending from that funding, coupled with some savings in the
direct spending programs that provide those benefits.
The bill would allow adjustments to the discretionary caps that would permit additional
appropriations to:
 The Social Security Administration (SSA) to conduct continuing disability
reviews of beneficiaries of the Disability Insurance (DI) and Supplemental
Security Income (SSI) programs and redeterminations (of the eligibility criteria
other than disability) of SSI beneficiaries;
 The Health Care Fraud and Abuse Control Account (HCFAC), which supports
activities to reduce waste, fraud, and abuse in Medicare, Medicaid, and the
Children’s Health Insurance Program (CHIP);
 The Department of Labor for in-person reemployment and eligibility assessments
and improper payment reviews for the unemployment insurance program; and
 The Internal Revenue Service (IRS) for activities to improve tax compliance. -Finish

Why are we budgeting money to assure that all of these payments are justified? Is it because the people that approve benefits didn't do their job correctly? If so, why do they still have a job? Will they be terminated? Of course not. Poor performance has never been grounds to terminate a federal employee.

Republicans and Democrats are worthless. There is no oversight. There are no consequences to poor performance. Can you imagine a private company retaining the services of a comptroller that paid vendors month after month when they didn't actually owe them?

If Exxon, IBM, MasterCard/Visa, American Express, and countless other huge companies can perform as they do with millions of employees, why can't he government?

ALL of them need to go!!!

Dorion
0
Points
Dorion 07/28/11 - 06:23 pm
0
0
The republicans don't want to

The republicans don't want to touch social welfare for fear that the democrats would then require cuts in corporate welfare. Both parties are guilty of trying to buy votes. Both parties are pandering to their base. Bachman is a perfect example, she know the ceiling has to be raised but she will oppose it (throwing her fellow republicans under the bus)to appease the tea party. Politics is no longer about doing what is good for the country, it is now about doing what is needed to get elected.

harley_52
22211
Points
harley_52 07/28/11 - 06:35 pm
0
0
I have been trying for hours

I have been trying for hours to find the "Reid Plan."

No luck.

No luck either when I look for the "Obama Plan."

As I said the other day, I don't think it makes much difference whose
"plan" is finally adopted here. The debt ceiling will be increased. If not by August 2nd, then August 3rd, or August 5th, or August 20th. Somebody will get political credit for "caving" and somebody will "win." In the meantime, I think the Administration will make it seem like we are about to be destroyed because of Republican recalcitrance. Obama will continue to play the part of the great compromiser and the ultimate moderate. Since he has the best platform and since the mainstream media supports whatever he says, the Republicans will be portrayed as evil and whether the public buys it depends on how successful the Republicans are at getting their side out.

Sometime following this whole charade, I think our credit rating will be downgraded. This will become much more of a problem than the debt ceiling. I'm surprised it hasn't happened already. Such a downgrade will make our debt much more expensive and, resultantly, our deficit (and debt) will rise faster and faster.

Democrats are simply too invested in Obama and his policies. Some number of them, I think, are working with him to purposely bring our country down. Others of them are simply too wrapped up in their "progressive" agenda of homosexual marriage, homosexuals in the military, and such to even care about the economy.

Get some popcorn, sit back, and watch the show.

burninater
8915
Points
burninater 07/28/11 - 06:45 pm
0
0
Follower, I don't immediately

Follower, I don't immediately agree that your post should raise alarm bells -- it may be a needed step in the right direction.

The private sector is constantly self-auditing, and they do so in part by budgeting money to assure that payments are justified (ie, they hire accountants).

Not spending anything on self audits is as bad as spending too much on them ... you're liable to go broke either way.

Craig Spinks
817
Points
Craig Spinks 07/28/11 - 08:30 pm
0
0
The first step toward a real

The first step toward a real resolution of our federal government's fiscal and financial difficulties is one that does not involve actions fiscal or financial. Rather this first step is psychological and rational: it must involve a determination to view, analyze and solve these problems from the perspective of what's best for the long-term welfare of our American nation. We must ask of ourselves, one another and ,especially, our elected officials this question: What is best for our nation- not what is best for me, my family, my business, my contributors, my re-election, my future political ambitions, my camera-time et al. And we must insure that our representatives vote to "promote the general welfare" of our nation or that we shall replace them.

Craig Spinks
817
Points
Craig Spinks 07/28/11 - 08:37 pm
0
0
The first step toward a real

The first step toward a real resolution of our federal government's fiscal and financial difficulties is one that does not involve actions fiscal or financial. Rather this first step is psychological and rational: it must involve a determination to view, analyze and solve these problems from the perspective of what's best for the long-term welfare of our American nation. We must ask of ourselves, one another and ,especially, our elected officials this question: What is best for our nation- not what is best for me, my family, my business, my contributors, my re-election, my future political ambitions, my camera-time et al. And we must insure that our representatives vote to "promote the general welfare" of our nation or that we shall replace them.

Craig Spinks
817
Points
Craig Spinks 07/28/11 - 08:31 pm
0
0
The first step toward a real

The first step toward a real resolution of our federal government's fiscal and financial difficulties is one that does not involve actions fiscal or financial. Rather this first step is psychological and rational: it must involve a determination to view, analyze and solve these problems from the perspective of what's best for the long-term welfare of our American nation. We must ask of ourselves, one another and ,especially, our elected officials this question: What is best for our nation- not what is best for me, my family, my business, my contributors, my re-election, my future political ambitions, my camera-time et al. And we must insure that our representatives vote to "promote the general welfare" of our nation or that we shall replace them.

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