Michele Bachmann – Bill O’Reilly is right, If President Putz gives in to Deep Spending Cuts, You Have to Raise the Debt Ceiling

Brawl Continues in Washington over Your Well Being

By Bill O’Reilly

If the federal government does not raise the debt ceiling by August 2, there will be an economic catastrophe in America. That’s what President Obama and Treasury Secretary Geithner are saying:

TIMOTHY GEITHNER, TREASURY SECRETARY: There is no credible argument. No responsible leader would say the United States of America for the first time in its history should not pay its bills and meet its obligations. That would be catastrophic for the economy. Everybody understands that.

Well, not quite everybody. Congresswoman Michele Bachmann says she will not vote to raise the debt ceiling, no matter what:

MICHELE BACHMANN GOP PRESIDENTIAL CANDIDATE: I know that we can’t keep spending money that we don’t have. That’s why I fought against the wasteful bailout, against the stimulus. I will not vote to increase the debt ceiling. I’m Michele Bachmann and I approve this message.

Now, Mrs. Bachmann is not alone. There are other Republicans who say they simply will not vote to borrow more money, even if the president and the Democrats approve dramatic spending cuts.

“Talking Points” believes that is not a wise position; that if big spending cuts are agreed upon, the federal debt ceiling should be raised for the good of the nation.

It’s the same thing that happened three years ago when President Bush told the country the economy was about to collapse because the financial industry was going under. Some Americans did not believe that, but all the evidence says it was true, that the feds had to bail out the financial industry, and that’s what happened. Same boat, different year.

You can imagine what the worldwide markets will do if the USA defaults on obligations in August. All of us will suffer economically because foreign investors would begin to pull their money out of America. The dollar would plummet, along with stocks.

So a deal must get done, but President Obama is making a huge mistake in trying to raise taxes now. Why bother with that? Just campaign on your economic position, Mr. President. And if you get re-elected, you can raise taxes later.

On the GOP side, we need tax reform in this country; we need to raise more revenue in smart ways. Perhaps a one percent national sales tax; that could raise close to $100 billion a year without hurting the economy. That money could fund Medicare.

There are ways to get a deal done and make the country stronger. Raising the income tax is not one of them. How about a flat tax?

Summing up, the debt ceiling has to be raised, income taxes have to stay where they are, and government spending has to be cut dramatically. If those things do not happen, we are all in big trouble.

And that’s “The Memo.”

Ms Bachmann of course I am still voting for you.  But please listen to The Talking Points Memo.  Bill has a point, we can’t let the US default.  The Community Organizer in Chief and Timothy Not the Brightest Bulb got us into this.   You and the GOP members need to come to the rescue and get the US out. 

And hopefully our 44th President soon will be nothing but a very bad memory and a footnote in Wikipedia…

You Still Rock Lady... KEEP KICKING ASS!!

2 thoughts on “Michele Bachmann – Bill O’Reilly is right, If President Putz gives in to Deep Spending Cuts, You Have to Raise the Debt Ceiling

  1. The Community Organizer in Chief and Timothy Not the Brightest Bulb got us into this…
    Are you talking about President Obama and his Treasury Secretary? Neither of them were part of the decision-making process that led to the Bush tax cuts. if you recall, during the last years os President Clinton’s time in office there was no need to raise the debt ceiling, as we were running a surplus. After the Bush tax cuts were implemented, Bush and Co. had to raise the debt ceiling seven times.

    • It was Geithner, Obama and the Democrats who decided to govern without a budget and ran up deficits of an additional $3 trillion as a result.

      It was Geithner, Obama and the Democrats who, as late as February of this year, refused to acknowledge what voters told them in the fall election and proposed $7.3 trillion in deficit spending through 2015.

      Yes, Republicans may end up with a compromise on raising the debt ceiling. But it’s another liberal mess they are cleaning up.

      These progressive leaders remain unrepentant acolytes of spending by fiat, a command economy and income redistribution, led by Barack Obama.

      The housing bailout, estimated by the IMF at a final tab of $20 trillion, is the largest wealth transfer program in the history of our country- and it isn’t even accounted for on the federal ledgers.

      In the end, there are only two sides in this argument:

      One side represents the runaway, reckless spending of Washington and Wall Street; the other side represents a smaller, more responsible government.

      One side made the mess.

      The other side will clean it up.

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