Alternate title: Democrat Suicide Pact
Those who are grounded by common sense may think that eventually under the right circumstances the out-of-control spending members of Congress will get a clue and figure out that enough is enough. Sadly, sometimes there is no cure for stupidity.
Every effort drummed up by liberals in Washington has failed to revive the American economy. Stimulus packages – failed. Bailouts – failed. Printing money – failed. ObamaCare & reform laws – failed.
The CBO has revised their long-term projections on U.S. debt and the picture has gotten even worse! U.S. debt is projected to 101% of GDP by 2021. In order words within 10 years our debt will be bigger than the entire American economy!
For those with common sense it has been a struggle to comprehend the solutions that liberals have come up with to solve America’s economic and debt problems. I guess you can give them an A for trying, but the problem keeps getting worse with each liberal effort that is enacted! They are literally destroying this economy! Like a suicide-bomber they are wrapping the whole gotta-spend-money-to-fix-our-financial-problems idea on their chest and running as fast as they can. As you already know there are not any winners in suicide bombings – only massive collateral damage. This latest attempt by Democrats might as well be considered a nuclear attack on America’s economic system. From Reuters:
Democratic leaders called on Wednesday for additional spending to boost the sluggish U.S. economy, setting up a fresh hurdle for bipartisan efforts in Washington to head off a government debt default this summer.
Democrats’ demand for new stimulus spending is at odds with the work of negotiators, led by Vice President Joe Biden, who are trying to find trillions of dollars in savings as part of a deal that would allow Congress to sign off on new government borrowing before the U.S. runs out of money to pay its bills.
Those talks, which resumed on Wednesday, have largely focused on spending cuts over the next 10 years. Senate Democrats want the deal to include more money for highway construction, a payroll tax cut and clean-energy subsidies to bring down the 9.1 percent unemployment rate.
“Get the recovery right before you get in this deficit-cutting mode,” Assistant Senate Democratic Leader Dick Durbin told reporters. “Get people back to work. Let’s start moving in that direction.”
The good thing is that Democrats no longer have the stranglehold on America after the last round of elections. Thankfully there are now enough Republicans in Congress, with a few politically frightened Democrats, to block any effort by Democrats to inject another round of stimulus spending. That of course requires Republicans to stand firm on their pledge to reject any more stimulus spending. Does anyone want to take bets on how this will play out?