Tag Archives: US Debt

Okay, GOP. Now What?

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The past weekend’s results in South Carolina and the suspension of Jeb! Bush’s campaign leaves only one GOP candidate with the credentials to be president…John Kasich. And though he is extreme enough to collect the votes of some conservatives, he has little chance of winning.

The only candidates who have a real chance of winning the GOP nomination are a bombastic bully (Donald Trump) who could be the first candidate to actually make money in pursuit of the nomination; a theocratic snake (Ted Cruz) whose unusual version of Christianity led him to call for the indiscriminate carpet bombing of cities; and a remote-controlled robot (Marco Rubio) who takes direction from Glenn Beck and the same group of neo-con warmongers who manipulated the government under George W. Bush.

None of the three has the qualifications to hold the world’s most powerful office. Moreover, they all promise what they can and will do while offering few details of how they will do it. Little wonder. The few detailed plans they have offered are completely unworkable. For example, the tax plans put forward by the top 3 candidates would dramatically escalate both the deficit and national debt. According to the non-partisan Tax Policy Center, Trump’s plan would add $11.2 trillion to the national debt over the next decade. Cruz’s plan would add $10.2 trillion to the national debt. And Rubio’s plan would add a mere $8.2 trillion.

And these are the so-called conservatives?!! By comparison the current president they all hate so much is a piker…a true skinflint.

In addition, the GOP candidates would repeal Obamacare, once again making healthcare unaffordable for tens of millions of Americans. All of them would ignore climate change. Two of the Republican leaders claim they would deport 11 million undocumented immigrants. One (Trump) would ban Muslims from the US – a promise that appealed to 75 percent of the registered Republicans in South Carolina. Is it any wonder then that he won the primary?

For today’s GOP, it’s obvious that facts, truth, constitutionality and morality no longer matter. Instead of appealing to voters’ intellect, these candidates have chosen to appeal to emotions…specifically the emotions of hate and fear. Of course, if you have been paying attention to rightwing radio, Fox News Channel and Republican campaigns for the past several decades, that will come as no surprise.

Meanwhile, Republicans in Congress and rightwing media have done their best to destroy one of the most qualified presidential candidates. They continue to attack Hillary Clinton over her use of a private email server while serving as Secretary of State. Never mind that her immediate predecessors also used private servers and received classified emails. Never mind that she has been cleared of any wrongdoing by the State Department and the FBI. She must have done something wrong if she is a Democrat who worked for President Obama. And Bernie Sanders? Even though he has been largely ignored by the media, he’s a Socialist Democrat! What more do you need to know? And though Republicans have not bothered to attack him, Hillary’s campaign and her surrogates have. Four of Bill Clinton’s economic advisers have pronounced Sanders’ plans as unaffordable. But wait! Other economists, including Robert Reich, Labor Secretary under President Clinton have endorsed Sanders’ plans, saying they could not only work, his universal health plan alone could save trillions of dollars.

But what are you going to trust? The facts and reason? Or your emotions and the lying Republicans?

Why Do We Have A Debt Ceiling Anyway?

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Following the Tea Party-forced government shutdown and near default, it’s worth considering doing away with the debt ceiling. It serves absolutely no purpose other than providing recalcitrant congressional representatives the opportunity to hold our government hostage in order to “negotiate” their pet issues.

Since the debt ceiling is a measure of money already spent by Congress, it has no real impact on congressional budgeting and government spending.

If we really want to limit government spending, what we need is a spending ceiling based on a percentage of the Gross Domestic Product (GDP) and an absolute deadline for the House, the Senate and the White House to agree on a federal budget. Such a law would force Congress to negotiate the federal budget without threat of our government defaulting on its debts.

It would also be far more sensible than the Teapublican-sponsored balanced budget amendment that could lead to greater dysfunction than we’re already experiencing.

A spending ceiling would allow the budget to increase along with the GDP, and presumably the population, while maintaining fiscal discipline. Moreover, Congress and the White House could be given the flexibility to temporarily override the ceiling in special or extreme circumstances, such as the Great Depression or the Great Recession, as long as there was a commitment to offset the overrides within five years. This would allow the federal government to stimulate the economy for a year or two, or to increase spending in wartime. But, in most years, the political debate would be confined to how the money should be spent. Not the amount of money to be spent.

Such a system might allow citizens to more clearly track their representatives’ priorities. It might also make it difficult for representatives to speak in broad generalities about the budget and force them to address specific programs. And, if properly implemented, it might be easier to tell if a representative favored corporate welfare over human needs; or whether or not a representative was voting in support of special interests versus the interests of his, or her, constituents.

In other words, Congress would be forced to do something unprecedented…create a budget and live with its consequences.