Following up on this morning's post, here's a little gem that makes even more mystifying the teabaggRs approach to budget sanity. Threatening to hold hostage the raising of the debt ceiling, they're making demands which, were they to become law, would make their current budget which they just passed... impossible. Like everything else they do and say, it'd be funny if it weren't so unfunny:
House Republicans voted to make the Ryan budget law. But the Ryan budget includes $6 trillion in new debt over the next 10 years, which means that to become law, the Ryan budget would require a substantial increase in the debt ceiling. But before the Republicans agree to increase the debt ceiling so that the budget they passed can become law, Republicans are demanding the passage of either a balanced budget amendment that would make the Ryan budget unconstitutional or a spending cap that the Ryan budget would, in certain years (and if you’re using more realistic numbers, in all years), exceed.
The point? Republicans have done a lot more thinking about how to run against spending, debt and deficits than thinking about how to handle them going forward. The specific plan they voted for blows through both their spending and debt caps, and that’s if you grant a series of assumptions it makes about health-care spending that even conservative wonks agree are “magical.”
To make it even more amusingly self-contradictory, Ryan's budget actually specifies the amount of higher debt for the next few years; higher than the current amount by a couple trillion bucks, here or there. Gee. Did Rs pass a bill without reading it? Seaspray? Seaspray?
With all due respect for your educated writings and opinions, it is my humble opinion that when numbers go to TRILLIONSReplyDelete
14,000,000,000,000....even very smart people cannot comphrehend the enormity. I suppose if somebody could say (and this is just for example)....1,000 big trucks loaded with beach sand, each grain one dollar is our national debt, it might impact...but the crux of the problem is total ignorance (for me too) of what this actually MEANS and how it can effect my (our) lives. Protests in every country over increased taxes and decreased "entitlements" will be repeated here in the USA, preventing, in my opinion, anything meaningful being done. And...gotta get re-elected. Nobody is willing to put their life on the line for this threat to our economy...the exact way the Soviet Union was taken down....spending and then....BROKE..
"No matter who you are. No matter where you can came from. No matter what you look like. No matter whether your ancestors landed here on Ellis Island or came here on slave ships or came across the Rio Grande, we are all connected. We will rise and fall together. That's the vision of America I've got, that's the idea of the heart of America," President Obama said at a fundraiser in San Francisco. Welcome illegels....but don't come to MontanaReplyDelete