Getting control of government debt

 Newt Gingrich:

Here's how Republicans win the debt ceiling debate. Yes, it's possible

The truth is that most Americans would support a debt limit increase if rational spending cuts went along with it

...

Republicans are for a responsible debt ceiling increase – and oppose an irresponsible debt ceiling increase. Passing another debt ceiling increase with no modifications to the current unsustainable spending and projected deficits would clearly be an example of an irresponsible debt ceiling increase.

DEMOCRATS PUSH TO ELIMINATE THE DEBT CEILING, ALLOW UNLIMITED GOVERNMENT BORROWING

The Congressional Budget Office projects current spending would add $15.74 trillion to the deficit from now to 2032. So, it’s clear the current spending model that Democrats have created is totally irresponsible. As CBO has warned since last decade, "the current trajectory of federal borrowing is unsustainable and could lead to slower economic growth in the long run as debt rises as a percentage of GDP."

It is not unreasonable to demand rational cuts to spending. Even the Democrats know that in a nearly $6 trillion budget there are many items which can be cut without serious difficulties. The Joe Biden position of no negotiation is an insult to every American who believes the time for confrontation is over. We owe it to our children and our country’s future to find a way to work together.
...

Biden's irresponsible spending is the main cause for hitting the current debt ceiling and the inflation it created has only added to the problem.  It is one of the major faults of the Biden administration along with his irresponsible immigration and border policies. I think the GOP is right to demand a responsible budget framework.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t...
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more