Friday, August 13, 2021

Sen. Blumenthal: "No,’ $28.4 Trillion in Federal Debt is Not Too Much"

https://1.bp.blogspot.com/-pLIuFEt2p2w/X0pYX_kt1PI/AAAAAAAADAU/EdtdCWebrnMzJ2R5C6DcUUfdz52gM57uACK4BGAYYCw/w41-h54/My%2BPicture%2B2.jpg By Rich Kozlovich  Updated 8/13/21 and 8/14/21

On August 11, 2021 RiAshlianna Kreiner  posted this piece  where Sen. Blumenthal, the Democrat from Connecticut, was asked if he thought 28.4 trillion dollars in national debt was too much.  He's quoted saying: 

“No, it’s an investment that we need to make to meet the challenges of our nation in the coming century. It’s an investment for ourselves and our children, and both the physical and the human assets that we need to meet the challenges for them.”.......

Well, since the national debt "has ballooned, from $1.1 trillion to $28.trillion 39 years", I really think this should provoke some serious questions from the nation, starting with:

  • How exactly does Blumenthal think the nation can pay that back?
  • Does he think it should be paid back?
  • Is there a limit to how high the national debt should go?
  • Does he believe it matters? 
  • Does he believe just printing money that has no value and causes skyrocketing inflation is a good idea? 
  • Is he the brightest pebble in Connecticut's brook?
  • And finally, since the state of Connecticut has  re-elected him for years, we should try to find out if the state of Connecticut is an out door insane asylum?

Blumenthal's credibility has been an issue for years.  Let's start with the Kavanaugh hearings and this piece, The three Lies of Christine Blasey Ford with Blumenthal saying:

“Who lies in one instance, lies in all.” 

The article points out:

Blumenthal was referring to Judge Brett Kavanaugh, who hasn’t lied about anything, as far as anyone has been able to tell. But we can turn it around to focus on the party that Sen. Blumenthal was speaking out for. In how many instances has Christine Blasey Ford lied?

Her lies were exposed to the point no one believed her unless they were stupid or so totally partisan it didn't matter what she said as long is what she said promoted their leftist narrative to destroy a Trump nominee for the Supreme Court.  Blumenthal was one of them!  So totally partisan this "brilliant attorney" looked stupid.  But it gets better, much better.  Hypocrisy! 

Why hypocrisy?  According to him he was a Vietnam veteran.  The left defended him because there were times he reported his service accurately, but there were times he embellished his service, and we know this for sure because he's quoted saying:

"I routinely describe my pride at having served in the United States Marine Corps Reserves during the Vietnam era,"........... "On a few occasions, I have misspoken about my service. And I regret that, and I take full responsibility."

He apparently misspoke a lot.  Including whether or not he really was all that proud to serve?  If so then why the following: 

 "He obtained at least five military deferments from 1965 to 1970 and took repeated steps that enabled him to avoid going to war, according to records.".........."In 1970, with his last deferment in jeopardy, he landed a coveted spot in the Marine Reserve, which virtually guaranteed that he would not be sent to Vietnam."...........At a 2008 ceremony in front of the Veterans War Memorial Building in Shelton, he praised the audience for paying tribute to troops fighting abroad, noting that America had not always done so. “I served during the Vietnam era,” he said. “I remember the taunts, the insults, sometimes even physical abuse.”..............Asked about the Bridgeport rally, when he told the crowd, “When we returned, we saw nothing like this".............

Jean Risley, the chairwoman of the Connecticut Vietnam Veterans Memorial Inc., recalled listening to an emotional Mr. Blumenthal offering remarks at the dedication of the memorial. She remembered him describing the indignities that he and other veterans faced when they returned from Vietnam. “It was a sad moment,”.........“He said, ‘When we came back, we were spat on; we couldn’t wear our uniforms.”........she checked into [his] military background and learned that he had not, in fact, served in Vietnam.

 The New York Times claimed: 

........he was fond of telling stories about his time as a combat soldier in Vietnam.  He had lots of stories, full of details, especially how veterans were abused when they came home......... 

So, was it that he misspoke or he lied?  Either way, Blumenthal has the credibility of swamp gas, and this incredibly stupid statement about the national debt corroborates that.    

Updates:  One thing is clear, and these updates confirm it.  No amount of taxes will ever be able to outpace the insane spending going on unless we cut government first and then wasteful programs will be much easier to identify and eliminate.

 Sen. Ernst: ‘Absolutely,’ $28.4 Trillion Debt is ‘Too Much’In the federal government, in addition to the legislative, judicial, and executive branches, there are 15 departments, such as Defense, HHS, Commerce, and Education. Also, there are approximately 453 agenciesAccording to The Hill, “The federal government employs nearly 9.1 million workers, comprising nearly 6 percent of total employment in the United States. The figure includes nearly 2.1 million federal employees, 4.1 million contract employees, 1.2 million grant employees, 1.3 million active duty military personnel, and more than 500,000 postal service employees.” 

Sen. Daines: Start Reducing Federal Spending at Dept of Education - “Tell you, one of the first places we should do is look at the Department of Education. It’s a massive bureaucracy. The average—the average salary in Washington D.C., of the Department of Education, is over $100,000 dollars a year.”  “We should take those dollars and send them back to the states to invest in the classrooms and the teachers, not the federal government,” he said.
 
 Federal Taxes Set Record Through July - The federal government set a new record for the amount of taxes it collected through the first ten months of fiscal 2021 (October through July), according to the Monthly Treasury Statement. Total federal tax receipts were $3,318,078,000,000 for the period.
 
Updates: 8/14/21:  I think this is interesting and we need to look at this in total. When the Republicans take over the Congress in 2022, what are they going to do about it?  While I think the Republicans will take the the Senate we have to understand, the Senate can't have huge turnovers in one election because the Senate is broken up into thirds.  Only one third of the Senate comes up for election every two years, but I believe the house is going to turn over hugely.  In the past Republicans, when out of power, shot off their mouths about spending and debt, but did nothing to fix it once in power, and actually spent more and grew government.  What will they do this time?  As the reporter in Charlie Wilson's War said:  We'll See!
 
Sen. Burr: ‘There Are a Lot of Agencies I Would Eliminate, If I Could’ - When asked if the $28.4 trillion federal debt was too much, Senator Richard Burr (R-N.C.) said, “Sure, it is.”  He added that there are a lot of federal agencies he would close to reduce the debt. At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is now 28.4 trillion. Is that too much?” Sen. Burr said: “Sure, it is.”............
 
Sen. Cornyn: ‘Yes,’ $28.4 Trillion Federal Debt is Too Much, ‘Is That a Trick Question?’ - When asked if the $28.4 trillion federal debt was too much, Senator John Cornyn (R-Texas) said, “Yes, is this a trick question?” At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is 28.4 trillion. Is that too much?”  Sen. Cornyn said: “Yes, is this a trick question?”.......

Sen. Braun: Govt Operating on $28.4 Trillion Debt Will ‘Drive It Into the Ditch’- When asked if the $28.4 trillion federal debt was too much, Senator Mike Braun (R-Ind.) said it was “too much a long time ago” and it will “drive it into the ditch sooner rather than later.” At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is now $28.4 trillion. Is that too much?”.......
 
Sen. Rand Paul: $28.4 Trillion Federal Debt is ‘Absolutely’ Too Much - When asked if the $28.4 trillion federal debt was too much, Senator Rand Paul (R-Ky) said, “Absolutely, and we are borrowing about $2 million dollars a minute.”At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is now $28.4 trillion dollars. Is that too much?”Sen. Paul said, “Absolutely, and we are borrowing about $2 million dollars a minute.”.......

Sen. Shelby: The $28.4 Trillion Federal Debt Will Affect the Standards and Opportunities of Young Americans - When asked if the $28.4 trillion federal debt was too much, Sen. Richard Shelby (R-Ala.) said, “That is too much, and it is staggering,” and “it’s going to affect, especially the young people, standards of living, your opportunities, America’s standings in the world, economically and otherwise if we don’t bring it under control.” At the U.S. Capitol on Tuesday, CNSNews.com asked the senator, “The debt of the federal government is now $28.4 trillion dollars. Is that too much?”............

Sen. Cruz: ‘Of Course,’ the $28.4 Trillion Federal Debt Is Too Much - When asked if the $28.4 trillion federal debt was too much, Senator Ted Cruz (R-Texas) said, “Of course, it is.”At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is now 28.4 trillion. Is that too much?” Sen. Cruz replied, “Of course, it is.”......

Now let's take a look at the Democrat view of this immense debt that's going to climb to another estimated ten trillion dollars within five years if these insane budgets pass.

V.P. Biden ’09: ‘We Have to Go Spend Money to Keep From Going Bankrupt’ - While Republicans warn that President Joe Biden’s multi-trillion government-spending plans will bankrupt the nation, Biden claims they are merely “investments” – a philosophy he touted as Barack Obama’s vice president, when he declared that spending is actually the only way to avoid bankruptcy.  Back on July 16, 2009, while pitching the yet-to-be-passed Affordable Care Act (Obamacare) at an AARP town hall meeting, Vice President Biden said that the U.S. would go bankrupt unless it spends more:..........

Sen. Schatz: The Question is Can We Maintain Debt-Service Payments -- 'We Can'When asked if the $28.4 trillion federal debt was too much, Senator Brian Schatz (D-Hawaii) said, “I think the question is whether we can maintain debt-service payments, and we can." At the U.S. Capitol on Tuesday, CNS News asked the senator, “The debt of the federal government is now $28.4 trillion. Is that too much?”............“This year [2021], the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of all federal revenue collection and over $2,400 per household.”  .........
 
 Sen. Warner: Federal Debt, Now $28.4 Trillion, Was ‘Too Much’ ‘10 Years Ago’  - When asked if the $28.4 trillion federal debt was too much, Senator Mark Warner (D-Va.) said, “It was too much when I started the Gang of Six Effort about 10 years ago.” CNS News asked the follow-up question, “Is there any federal program or agency that you would eliminate to reduce the federal spending?” The senator replied, “I think those ridiculous kind of sound-bite responses are the kind of irresponsibility got us in this place.” According to the U.S. Treasury Department, the total public debt outstanding as of Aug. 9, 2021, was $28,427,651,083,061.54, or roughly $28.4 trillion.............(My Take - “I think those ridiculous kind of sound-bite responses are the kind of irresponsibility got us in this place.”  Another way of saying I don't have a clue how to fix it, and I don't want to offend my party with the truth, so I'll babble out a logical fallacy to look like I have something to say that's worth listening to. RK)
 
Finally this piece:  
 
Hell No to a Debt Ceiling Increase - Sometimes, when you go into a store with expensive merchandise on the shelves, you will see a sign that reads, "You break it, you buy it." That's a good slogan for the Republicans as they continue to battle the left's economically catastrophic quest to bankrupt our country by authorizing some $6 trillion of new spending. This is the economic theory that if the ship is sailing toward an iceberg, best to speed up........This debt explosion will happen even though Democrats are also planning one of the largest tax increases in American history...........Democrats are drunk with power. They have adopted a new dingbat economic theory they call Modern Monetary Theory, which predicts that the government can borrow from now until kingdom come at ever-larger amounts and nothing bad will happen because we are the world reserve currency and foreigners are willing to lend us money at low interest rates.

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