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De Omnibus Dubitandum - Lux Veritas

Wednesday, December 14, 2016

This level of national debt is dangerous and unacceptable

By Rich Kozlovich

You will notice I've maintained a debt counter on the right side of this blog, and Mitch McConnell is right - This level of national debt is dangerous and unacceptable! 

Steven T. Dennis  and Sahil Kapur   posted the article, "Will Republicans block Trump tax cuts?", saying President-elect Donald Trump’s race to enact the biggest tax cuts since the 1980s went under a caution flag Monday as Senate Majority Leader Mitch McConnell warned he considers current levels of U.S. debt “dangerous” and said he wants any tax overhaul to avoid adding to the deficit.

McConnell says, “I think this level of national debt is dangerous and unacceptable", and  “my preference on tax reform is that it be revenue neutral.”

The article went on to say:
The Committee for a Responsible Federal Budget, a nonpartisan think tank, has projected that Trump’s plans would increase the debt by $5.3 trillion over a decade, with deficits already over $600 billion a year and rising on autopilot.
Wow! McConnell believes the national debt is "unacceptable"!  Really?  So why didn't he do something about it in the last eight years?  How long has it been since a budget was passed as required by law?

The Constitution does require an annual budget, doesn't it?  It is supposed to be done yearly according to the Suprem Law of the Land - isn't it?  That is what the Constitution says isn't it?

No, it isn't!

It was understood by the language, but it's not required by the Constitution, however it is required by the “The General Accounting Act of 1921,” better known as the “Budget and Accounting Act.” This law requires the president to submit an annual budget proposal to Congress for the federal government in its entirety."

So when was the last time the Senate passed a budget?  April 29, 2009!  So, since all spending bills must originate in the House, for fifteen years the House must have been sending budgets over and the Senate has refused to take them up, even when the Senate was in the hands of the Republicans.   "Conservatives" like McConnell.  "Conservatives" who have been allowing massive spending via continuing resolutions for years, which has given Obama a blank check.....and now .....just now.......McConnell is shocked and finds the national debt "unacceptable". 

Ryan and McConnell are part of the problem, not the solution. 

These tax cuts will not reduce the government's take - it will increase them through economic growth.   That's history!  And Trump knows that!  Why don't Ryan and McConnell know that?  They do!  What they don't want to do is to stop the corruption, and crony capitalist system they've been part and parcel of.

The budget can't be neutral, it must be positive by decreasing spending massivly, and there's tons of ways that can be done.  Secondly the federal government has assets of 150 trillion dollars, including owning almost 25% of the land mass of the United States.  Sell it!  Pay back the trillions they stolen from Social Security and pay off the national debt, which now has interest payments of almost a half a trillion dollars a year. 

Ryan and McConnell are part of the problem and they're not alone.  This next budget period will be rife with acrimony and angst, with the so-called "conservatives" of the Republican party aligning themesleves with "liberals" in the Democratic Party and the Main Stream Media attacking Trump and his efforts to "purge the swamp" of Washington. 

He'll need to start purging the Republican Party first. 


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