Thoughts of Obama From Bama

Week 132: “A Good Start”

Pissin' in the wind, bettin' on a losing friend
Makin' the same mistakes, we swore we'd never make again
And we're pissin' in the wind, but it's blowing on all our friends
We're gonna sit and grin and tell our grandchildren

About the time I called this Guy it was four in the morning
Teach me the words to the song I was humming
He just laughed and he said that the ole grey cat is sneakin' down the hall
But all he wants to know is who in the hell is paying for the call

That the answer my friend is just pissin' in the wind
The answer is pissin' in the wind “Pissin' In the Wind”, Jerry Jeff Walker

What do you call 5000 dead lawyers all piled up at the bottom of the sea? A good start.

After months of hyper partisan feuding in our nation’s capital over extending Uncle Sammy’s debt ceiling, line of credit, the President and his Democrat comrades in Congress finally agreed to some restraints on future spending for a couple more trillion in borrowing authority. “A Good Start” or just more “Pissin' In the Wind”? Reckon only time will tell.

In an unprecedented move Congressional Republicans refused to approve the President’s request to increase the Government’s credit line. Up till now a fairly routine procedural maneuver that typically slid through Congress much akin to a hot knife cutting through butter.

Led by theTea Party Caucus and other fiscal conservatives House GOPR’s told the out of control spending Obama Administration what for insisting on some reasonable restraints on future expenditures and structural changes required to balance the budget. Liberal boneheads addicted to the reckless spending of other people’s money blew a gasket and all hell done broke loose in the hallowed halls of Congress and 1600 Pennsylvania Ave.

Starting with the President his self left wing head cases the likes of Uncle Joe Biden, Harry Reid, Nancy Pelosi, and Barney “Freddie In the Fannie Mac“ Frank accused House Republicans of holding the Country hostage with a gun to the head of We the People and behaving like Jihadist Hezbula terrorist. Interesting rhetoric to say the least from a bunch of pasavist that normally won’t even call real genuine terrorist, a terrorist.

Finally after Speaker Boehner realized the President couldn’t be trusted to negotiate in good faith he walked and focused his efforts on cutting a deal with Senate Democrats. Knowing Boehner was sure enough more than happy to risk the potential, but far from certain, adverse financial implications of missing the Admnistration’s self imposed deadline of August 2cd Senate Majority Reid folded like a cheap lawn chair and gave away the proverbial farm.

A large bipartisan vote passed in the House on August 1st followed by an even larger bipartisan majorty vote in the Senate at the 11th hour and 59th minute on Treasury Secretary Geithner’s bogus day of all manner of financial disaster, default and the catastrophic demise of the good faith and credit of the world’s most stable and trusted economy. The Pesident finally got his greedy little bony Socialist fingers on 2.4 Trillion dollars of other people’s money to redistribute to his political supporters the unions, victim class, and bleeding heart secular progressive liberal pinheads.

Following is a summary of the primary components of the “Great Increase in the Debt Ceiling, Spending Caps and Balanced Budget Bill of 2011”:

• Immediate increase the debt limit by $400 billion,
• Obama permitted to order another $500 billion increase this fall unless both House and Senate override him by veto-proof margins
• A third installment of between $1.2 trillion and $1.5 trillion would be made available after enactment of matching levels of additional spending cuts recommended by a special joint committee of lawmakers.
• $1.5 trillion could also be available if Congress adopts and sends to the states for ratification a balanced budget amendment to the Constitution.
• $900 billion in spending cuts over 10 years from Cabinet agencies whose budgets are passed each year by Congress. Caps such "discretionary" spending at $1.043 trillion in 2012, $7 billion below 2011 levels and $44 billion below an inflation-adjusted "baseline”.
• A near-freeze in 2013, discretionary spending would increase by about 2 percent a year
• Both security and nonsecurity programs would absorb outright cuts in 2012. The Pentagon is among a group of programs that together would absorb a $4 billion cut from current levels next year. Other programs in the security category include foreign aid, intelligence, homeland security and veterans' programs.
• The creation of a 12-person House/Senate committee evenly divided between the political parties, and charged with producing up to $1.5 trillion more in deficit cuts over 10 years including Medicare, Medicaid, farm subsidies and federal retirement programs.
• If a majority of the committee agrees on a plan, it would receive a vote in both the House and the Senate. If the panel deadlocks or fails to produce at least $1.2 trillion in additional cuts, or if Congress fails to enact its recommendations, the White House budget office would impose spending cuts across much of the federal budget, including the Pentagon, domestic agency budgets and farm subsidies
• The plan also requires both the House and Senate to vote on a balanced budget amendment to the Constitution; establish "program integrity" initiatives aimed at stemming abuses in Social Security and federal health care programs; and preserve recent funding increases for Pell Grants for low-income college students by $17 billion over 2012-13, financed by curbs in student loan subsidies.

When all is said and done will these measures resolve our Country’s debt crisis? No sir, no way, no how. Truth be told even if all these steps are implemented and achieve their desired results our accumulated National Debt will still increase by $6 – 8 Trillon dollars over the next ten years leaving us with a whoping $22 – 24 Trillion of borrowed money accruing interest faster than a scaulded dog running home to Moma.

This humongous, unsustsainable, and criminally negligent amount of outstanding debt will surely suck all of the economic oxygen out of the room and lead to the collapse and failure of the US economy. When confronted with this economic reality the President and his Socialist compadre’s in Congress continued efforts to expand the size, influence and cost of the Federal government is truly a call to arms to send these folk’s happy asses packing in the 2012 elections.

“A Good Start” – only if Conservatives sieze control of the White House and Senate, make real cuts to spending, balance the budget, get the hell out of the private sector’s way, and actually pay down the debt over the next ten years.

“Pissin' In the Wind” – Exactly what will happen if we leave the incompitent, corrupt, Socialist Obama Regime in charge of this fiasco.

I am, “American by Birth and Southern by the Grace of God”

Ron W. Garikes