Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Thursday, July 14, 2011

Ann Coulter's Take on McConnell, Debt Talks

I don't recall Ann Coulter ever discussing Senate Republican Leader Mitch McConnell in a column, so this caught my eye. Coulter's take is that McConnell has "schooled" President Barack Obama:

In general, the trend seems to be in the direction of higher spending and endless debt.

The government will just keep spending and spending until we're all on bread lines. But there won't be any bread because within 10 years, nearly the entire federal budget will go to pay Social Security and Medicare recipients. (On the plus side, a lot of us will be speaking Greek by then.)
But now, Sen. Mitch McConnell, R-Ky., has checkmated the Democrats. He has proposed a bill that will allow Obama to raise the debt ceiling three times, up to $2.4 trillion, over the next 18 months, but only provided Obama proposes equivalent cuts in spending each time.
Finally, the Democrats will be forced to pony up spending cuts -- or default on the debt and crash the economy.
Contrary to some hysterical Republicans, McConnell's bill does not forfeit any of Congress' authority: The House and Senate will still have to decide whether to accept Obama's proposed cuts when they write their appropriations bills.
But we will finally get some proposed cuts to federal programs from Obama, and not more nonsense about theoretical savings from "investing" in our children's future with additional spending on Pell grants and prenatal counseling.
McConnell's deal cleanly takes the debt ceiling issue off the Republicans' back and puts it on the president's back. Either the Democrats tell us what they'll cut or they'll have to admit: "We will never cut anything. Everything Ann Coulter says about us is true!"

Monday, February 14, 2011

McConnell Calls Obama's Budget "Unserious" and "Irresponsible"

Senate Republican Leader Mitch McConnell blasted the Obama administration's proposed budget as "unserious" about cutting spending and therefore "irresponsible" for adding to the nation's debt, according to ABC News.

McConnell said,

“The President's budget is the clearest sign yet he simply does not take our fiscal problems seriously,” McConnell said. “It is a patronizing plan that says to the American people that their concerns are not his concerns. It’s a plan that says fulfilling the President’s vision of a future of trains and windmills is more important than a balanced checkbook.”

“The President’s budget comes in at close to a thousand pages. The people who voted for a new direction in November have a five-word response: We don’t have the money. We don’t have the money.”

. . .

“The White House wants us to engage in a debate this week about percentage cuts at this or that agency, about multi-year projections and CBO scores. It all misses the point. The real point is this: We're broke. We don't have the money.”

“This budget was an opportunity for the President to lead. He punted,” McConnell said. “It only pretends to do the things people want. And the reaction we’ve seen from across the political spectrum so far today suggests that nobody’s buying it.”

“This is a status quo budget at a time when serious action is needed. This is business as usual at a time when bold, creative solutions are needed. This is not an I-got-the-message budget. It’s unserious, and it’s irresponsible. We need to look for ways to preserve what’s good that does not put us on path to bankruptcy. That was the challenge of this budget. The administration failed the test.”


Tuesday, August 25, 2009

McConnell Condemns Deficit

Senate Republican Leader Mitch McConnell comments on the Congressional Budget Office's new numbers on the deficit. The newest numbers from the non-partisan CBO are the scariest yet.

“The alarm bells on our nation’s fiscal condition have now become a siren. The non-partisan Congressional Budget Office reports the deficit for this year alone is already nearly as high as the last five years—combined—and is only getting bigger. And, if anyone had any doubts that this burden on future generations is unsustainable, they’re gone. Spending, borrowing and debt are out of control. Even the President’s own advisors acknowledge that the deficit in the coming years will be trillions more than projected just a few months ago.

“The massive national debt threatens long term fiscal health as a nation, our national security and our ability to meet our commitments to seniors, veterans and working families. There are two immediate steps we should take. We should review the trillion dollars in borrowed stimulus money with an eye towards applying it to paying off the federal credit card. And we must take the bipartisan step of reforming entitlements to strengthen the fiscal state of our existing commitments.”

McConnell is right about the stimulus money: the sum was too vast for the Obama administration to spend quickly enough to actually stimulate the economy. Therefore, it's time to play Indian-giver and take the unspent money back.

Wednesday, April 15, 2009

Happy Tax Day

As you file your tax return (or your extension) today, consider that if you're 40 years old, you will pay $81,000 just to service the debt on the Obama budget. If you're 50, you'll pay $132,ooo in interest on the debt in the Obama budget. No wonder taxpayers are taking to the streets.