The Sugar Coated Satan Sandwich

Who said Democrats don’t have a sense of humor?

Dem. Rep. Emanuel Cleaver Calls Compromise Bill ‘Satan Sandwich’

Not everyone is happy about the compromise bill that will raise the debt ceiling. Democrat Representative Emanuel Cleaver of Kansas City had strong words about it over the weekend, calling it a “sugar coated Satan sandwich.”

See also:
Congressman Calls Debt Ceiling Deal a ‘Satan Sandwich’
Congressional Black Caucus Chair: Debt Deal is a “Satan Sandwich”
Dem lawmaker calls debt deal ‘sugar-coated satan sandwich’
Democratic Rep. Cleaver: Debt Deal Is ‘A Satan Sandwich’ Antithetical To Religion
CBC Chair Calls Obama Debt Deal A “Satan Sandwich”
TRENDING: A Lucifer Panini?
Meat, Sweet or Debt Deal? The Mystery of the ‘Satan Sandwich’
PajamasMedia Hosts Satan Sandwich Contest
Debt-ceiling deal frustrates House liberals
Dems eat Satan sandwich, GOP looks to next course

Well, to me, the debt ceiling deal looks like a big [expletive deleted] sandwich and we’re all going to have to take a bite. But hey, if liberals are whining like crybabies about it, there’s got to be a pony in there somewhere.

/at least it’s a start and, oh look, Obama runs out of money all over again on 9/30/11

Advertisements

Next Time They Shoot To Kill

Isn’t having Obama as President awesome? Because Obama still insists on raising taxes in a slow economy, something everybody knows would never pass the House of Representatives, the United States is in danger of losing its AAA credit rating. No one can say we haven’t had an impossible to miss or misinterpret warning shot fired across our bow.

U.S. Debt Rating Placed on Review for Downgrade by Moody’s as Talks Stall

Moody’s Investors Service raised the pressure on U.S. lawmakers to increase the government’s $14.3 trillion debt limit by placing the nation’s credit rating under review for a downgrade.

The U.S., rated Aaa since 1917, was put on review for the first time since 1996 on concern the debt threshold won’t be raised in time to prevent a missed interest or principal payment on outstanding bonds and notes, even though the risk remains low, Moody’s said in a statement yesterday. The rating may be reduced to the Aa range, and there is no assurance Moody’s would restore its top rating, even if a default is quickly “cured.”

See also:
Moody’s May Downgrade U.S. Debt, If Crisis Isn’t Resolved
Moody’s: If U.S. Misses Debt Payment, Rating Could Be Cut Next Day
Moody’s moves on US credit rating
Moody’s puts debt rating on review
Moody’s downgrade threat adds to US woes
Moody’s considers downgrading U.S. credit rating
Moody’s Puts U.S. AAA Credit Rating at Risk of Downgrade
US debt crunch: A nation taken to the limit
Reports: S&P Says U.S. Rating Could Be Downgraded If It Misses Any Payments
Cost of Protecting U.S. Debt Rises on Moody’s Action

Boy oh boy, you think we have a debt problem now? Just watch what happens if our debt rating gets cut. It will immediately become more expensive to borrow money, thus compounding our already beyond serious debt woes, a self inflicted wound, like tasering ourselves in the neck. Obama needs to drop his, non starter in the House, tax increase obsession and get on with increasing the debt ceiling. You know, if Obama wanted to intentionally destroy the U.S. economy, he couldn’t be doing a better job. Is he the President or an enemy of the United States?

/if you’re ever wondering what Obama might be thinking of regarding U.S. economic policy, just ask yourself, what would Vladimir Putin do (WWVPD)?

Running On Empty

Actually, we’re running beyond empty now. The United States can’t legally borrow any more money until Congress acts to raise the debt ceiling.

US government hits debt ceiling, lighting 11-week fuse

Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb that could explode in less than three months if lawmakers can’t bridge differences and allow more government borrowing.

In hitting the $14.3 trillion debt ceiling – the limit on how much the government can borrow – the Obama administration on Monday began temporarily halting payments to the retirement and federal pension accounts of federal workers and started borrowing from those funds, to be restored later.

Geithner sent a letter to Senate Majority Leader Harry Reid, D-Nev., warning that the government can move money around for about 11 weeks but if a new debt ceiling isn’t agreed to by Aug. 2, the U.S. government could effectively default on its obligations to its creditors. He warned of “catastrophic economic consequences for citizens” unless Congress raises the debt ceiling.

An increase of about $2 trillion is expected, enough to get the issue past the 2012 elections before Congress would have to lift it again.

Republicans who control the House of Representatives vow to link raising the debt ceiling to cuts in government spending of at least equal measure. In a combative statement Monday, House Speaker John Boehner, R-Ohio, upped the ante.

“As I have said numerous times, there will be no debt limit increase without serious budget reforms and significant spending cuts, cuts that are greater than any increase in the debt limit.” Boehner has called previously for $2 trillion in spending cuts as part of any deal to raise the debt ceiling.

See also:
US hits $14 trillion debt limit
US Hits Debt Ceiling, But Treasury Market Rules Out Default For Now
Deja Vu, But No Disaster: U.S. Government Hits Debt Ceiling
U.S. Hits Debt Limit, Sky Doesn’t Fall
U.S. hit debt limit today
Treasury Tapping Federal Retirement Accounts to Stave Off Default
Turbo Tim Raids Pension Plans
With Debt Limit Maxed Out, Lawmakers Hold Firm On Remedy
Rep. Jordan: U.S. won’t default if debt ceiling isn’t raised
U.S. National Debt Clock

Well, we hit the debt ceiling and, despite all the Democrat Chicken Little hysteria, the Sun didn’t explode, the seas didn’t boil, and the markets didn’t plunge thousands of points. Go figure.

/all I can say is that the Republicans had better stand firm and hold their ground this time and hold out for concrete, verifiable spending cuts that at least equal the amount of any debt limit increase

Another Day Older And Deeper In Debt

Congress Approves $1.9 Trillion Debt-Limit Increase (Update1)

The U.S. Congress approved increasing the federal debt limit by $1.9 trillion, to $14.3 trillion, enough to prevent lawmakers from having to raise it again before November’s midterm elections.

The House voted 233-187 today to send the increase to President Barack Obama for his signature. The hike is more than twice the size of any of the four previous debt increases lawmakers approved in the past two years.

The Senate voted last month for the legislation, which includes a tightening of Congress’s “pay as you go” budgeting rules that may make it harder for lawmakers to add to the deficit.

“We have no choice, we have to take steps to get our financial house in order,” said Representative John Tanner, a Tennessee Democrat. The tougher budget rules “are a good first step,” he said.

Obama announced a 2011 budget request this week that projected the government will run $8.5 trillion in deficits over the next 10 years. Lawmakers of both parties complained that his budget plan wouldn’t do enough to control the shortfalls, while Moody’s Investors Service said it may cut the government’s bond rating in the next decade if the outlook doesn’t improve.

House Democrats, recognizing the political peril of an increase in the debt limit, decided to use a mechanism today that avoided a direct vote on the boost. Instead, they used a procedural vote that will trigger approval of the increase.

‘Procedural Games’

Representative Pete Sessions, a Texas Republican, accused Democrats of using “deceitful procedural games to hide the fact that they are raising the debt limit.”

Democrats said the pay-as-you-go changes showed they are serious about reducing the deficit. The plan will “usher out an era of irresponsibility and begin putting the country back on a fiscally sustainable path,” Obama said today in a statement.

Representative Paul Ryan of Wisconsin, the top Republican on the Budget Committee, said the plan is filled with loopholes. He called it a “fiscal charade” so that “we can go talk tough in the election about how we did this and that, while we bequeathed the next generation an inferior standard of living.”

The changes adopted today would enact lawmakers’ pay-as- you-go rules into law; the rules currently are frequently ignored by lawmakers. The rules require lawmakers to finance new federal benefit programs and tax cuts with savings elsewhere in the budget to avoid adding to the deficit.

See also:
House raises debt limit to $14.3 trillion
House sends debt limit increase, pay/go to White House
House sends $1.9 trillion debt-limit increase to Obama
House Votes to Hike Debt Limit
Debt ceiling raised: Again
The Vicious Cycle Between the Debt and the Ceiling
$1.9T US Debt Ceiling Hike Likely To Last Into 2011 -Source
Treasury Expects to Hit Debt Limit in February
US debt to hit proposed ceiling by end-February: Treasury
US National Debt Clock

To their credit, not a single Republican voted for this debt saddle.

/which is why we need to elect more Republicans this fall so we can cut up Obama’s credit card

We Can’t Pay Back What We Already Owe, So Let’s Borrow More!

Pelosi to propose debt ceiling increase

Language that would raise the U.S. debt ceiling will be included in a defense spending bill up for a vote next week, House Speaker Nancy Pelosi said Thursday.

The deficit is expected to grow by nearly $1.4 trillion this year. House leaders haven’t reached consensus on how much to raise the ceiling, now at $12.1 trillion, but a figure as high as an $1.925 trillion was being discussed, The Washington Post reported.

Treasury officials reported to congressional leaders that the cap must be raised by New Year’s Eve or the federal government would risk running out of money for Social Security and veterans’ payments in January, the Post said.

Yes, that’s right, not only is the House going to vote to raise the debt limit, so we can borrow even more money that we won’t be able to repay but, in an incredibly despicable move, Pelosi and the Democrats are attaching the debt ceiling increase to a defense bill, so anyone who wants to vote against increasing the debt limit also has to vote against funding our troops in the field. One thing there seems to be no limit on is how disgustingly low Democrats will go. Republicans are fighting back, however futile that might prove to be.

House GOP Outraged Over Debt Ceiling Attachment To Defense Bill

Congressman Steve Scalise (R-La.), along with other House GOP leaders, reacted Friday to plans by House Speaker Nancy Pelosi to tack a Pentagon appropriations bill with legislation that would increase the nation’s debt ceiling amount by $1.8 trillion by unveiling the” CAP the DEBT Act.”

The bill would repeal the Gephart Rule, which allows debt ceiling increases to be included in joint budget resolutions without a direct vote. Under the Scalise legislation, changes to the national debt ceiling amount would have to pass both Congressional houses with two-thirds majority vote.

Congressman Scalise said that the CAP the DEBT Act is being filed because “the liberals that are running this Congress have been on a wild spending spree for the last three years, since Speaker Pelosi has had the gavel.”

House Speaker Nancy Pelosi announced Thursday that the ceiling increase would be tacked to a spending bill headed to the House floor next week and that legislation is largely expected to be the pending $636.4 billion Pentagon appropriations bill that would partially fund the wars in Iraq and Afghanistan. Prior to Pelosi’s announcement, House Majority Leader Steny Hoyer (D-Md.) said that increasing the ceiling is necessary in order to pay the country’s mounting bills.

However, Scalise was not happy with the proposed method for increasing the national ceiling, saying “the ultimate sign of hypocrisy is [that] this Democrat liberal group running Congress is going to now again hide behind our troops and throw this increase of the national debt ceiling on a defense bill.”

See also:
Pelosi: House intends to raise debt ceiling
US Pelosi:To Pass Debt Ceiling Hike Next Week on Defense Bill
Hoyer urges $1.8T increase to debt ceiling
Hoyer: US Must Raise Debt Ceiling $1.8T
US’s Hoyer:Debt-Hike Vote Next Week May Include PAYGO Renewal
US lawmakers to vote on debt limit hike next week
Democrats plan nearly $2 trillion debt limit hike
Obama Admin wants to raise US Debt Ceiling by 2 Trillion Dollars – An analysis of consequences
Congress Squabbles Over Debt Ceiling
Republicans Try to Put a Freeze on Debt Limit, as Democrats Call for $1.8T Hike
Blue Dogs threaten to block debt ceiling lift
U.S. National Debt Clock : Real Time

You think raising the debt ceiling to around $14 trillion is bad? Obama’s out of control socialist agenda is on pace to put this country in the hole to the tune of $20 trillion before he’s done.

/this fiscal insanity has just got to stop