Budget Wars Episode I

Republicans promised us significant budget cuts but backed off when the Democrats threw a massive and embarrassing temper tantrum... We're in trouble.

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[SeraphimTheApologist]

@omiolo I hope so. Sadly the fiasco over the Ryan budget and the GOP's failure to get the word out on what it actually is leads me to worry that we've lost control of the narrative. That doesn't bode well for 2012.

[omiolo]

@SeraphimTheApologist "I think if he is re-elected we're going to see this recession continue"

I concur, but we didn't elect Carter and so I am hoping we learn that lesson.

[SeraphimTheApologist]

@omiolo As the old saying goes those who do not learn from history are doomed to repeat it. Sadly I think that studying the great depression and FDR gives us insight into Obama and I think if he is re-elected we're going to see this recession continue and maybe even referred to in later years as a depression. If Obama is beaten in 2012 he could be remembered as another Jimmy Carter. Either way the economy at least short term is in a lot of trouble. 

[omiolo]

@SeraphimTheApologist "if I recall FDR did the same thing to get re-elected... raised the debt limit, and spent us into oblivion buying votes.."

Which is why they could NEVER get out of the recession with him as President. Why does that sound sooo familiar?

[SeraphimTheApologist]

@omiolo Or even worse, look how GE got off scott free without paying any taxes... They own MSNBC by the way, completely in the tank for Obama... I think you're right, I think its funny how often Obama derides big business but look at all the spoils big business and unions have gotten from him, of course he's buying them off... That is an excellent point, if I recall FDR did the same thing to get re-elected... raised the debt limit, and spent us into oblivion buying votes...

[omiolo]

@SeraphimTheApologist The problem is, is that I heard the same type of excuses with the bail out and TARP money and now it turns out most of it went to foreign banks and GE. I am starting to think that any extra money is going to reelect Obama indirectly. Of course it will get laundered through the bank or company or entity that receives it, but eventually it goes to the re-election campaign.

Look what a mess Gov't Motors is right now!

[SeraphimTheApologist]

@omiolo I am afraid you might be right though I question the motives of those saying do it. I would vote for raising it only if they tie it to significant multi-trillion dollar spending cuts. My hope is that the GOP will at least do that. My fear is that they will raise the debt limit with no strings attached and allow the crazy spending to continue...

[omiolo]

@SeraphimTheApologist "I must confess my complete disappointed in many of the new congress"

The story I am getting is that everyone who is responsible for the flow of money and commerce in this great nation is lobbying them to raise the deficit. Paul and Lee might be the only two in the Senate saying no.

[SeraphimTheApologist]

@omiolo I must confess my complete disappointed in many of the new congress. There are a few, like Senator Lee who are standing their ground and saying "no absolutely not," but much to my horror too many "conservatives" are too afraid of being dragged through the mud by the Dems and the media to take a stand. My personal opinion is that if we raise the debt ceiling we should tie the Ryan budget to it, itself a deeply flawed budget but a good start. Unless we do the spending will get worse.

[omiolo]

@SeraphimTheApologist I totally agree with you on this. However, so called conservative and business organizations are saying we have to raise the debt limit. It makes me feel like I am suppose to dance the polka blindfolded.