The Strong Conservative Blog

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"People should not fear the government, government should fear the people." - V

2011-06-23

America Moves Towards the Edge of the Cliff on Debt

Democrats are insisting on, wait for it, another stimulus package and hire taxes to get the economy going.  Unfortunately, their first stimulus failed miserably, quantitative easing has done little, and low interest rates aren't spurring investment.
Whoever has money is sitting on it because they have no clue what their costs will be once Obamacare kicks in and the EPA starts regulating how many breaths each worker can take in a day at the office, not counting overtime and weekends of course.

GOP members are basically giving up on talks with the Democrats, partly because talks involve Joe Biden who wants to play with his train set more than he wants to be realistic about the fate of America's economic future.  If Joe Biden wants to see what lies ahead, he should just look at Greece and the potential of default.  That is America's future unless the listing ship is righted, and quickly.

WSJ: "House Majority Leader Eric Cantor (R., Va.) said he wouldn't be attending Thursday's scheduled meeting of the deficit-reduction leadership group because he believed it was time for the talks to move to a higher level. After Mr. Cantor's remarks, Senate Minority Whip Jon Kyl (R., Ariz.) also withdrew from the talks, and the Thursday meeting was canceled."
The GOP will also be considering a balanced budget amendment in Congress, something the majority of reasonable Americans will likely support.

Americans aren't under-taxed, it's the government that's overstretched and over-committed.

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