Net Roots Movement

Lets Make Change.

Raising the Debt Limit

The United States Senate has voted to increase our debt limit by $781 billion. Doesn’t the American balance of power only function by Congress being an impediment to the presidential administration’s free reign?

I am sick of Congressmen claiming they disagree with the direction of the Bush administration’s policies in Iraq and of cutting taxes yet drastically increasing federal spending. If that’s how they feel, they should exercise their Constitutional power to cut off the funds he needs to continue his misdirected policies. Only 36% of Americans think Bush is doing a good job. But why should he listen to the poll numbers when no one is holding him accountable for his actions?

The Democrats did the right thing; they all voted against this measure. What about Republicans, though, who are growing ever conscious of the effect the Bush administration’s mismanagement will have on their re-election campaigns.

Too much is at stake here! Granted, not raising the debt limit could have had catastrophic consequences — but could they really be any worse than showing the president that he needs to be fiscally responsible?

I agree with Harry Reid when he told The New York Times,

“Any objective analysis of our country’s fiscal history would have to conclude this administration and this rubberstamping Republican Congress are the most fiscally irresponsible in the history of our country,” Mr. Reid said. “In fact, no other president or Congress even comes close.”

But how good is complaining about it when nothing changes?

The Republicans supporters try to paint the picture that not increasing the debt limit would cause crisis. They fail to acknowledge that fiscal responsibility also sometimes includes increasing taxes, especially on their Big Business buddies that can afford it.

If our budget deficit and debt continue to grow at their current rate, our next big national security crisis won’t be ports in Dubai or nuclear weapons in Iran. Instead we’ll be fearing incredible currency instability as the dollar is increasingly supported by Chinese bond buyers. Scary.

Advertisements

March 22, 2006 - Posted by | The Progressive Movement

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: