Tomorrow, August 1st, 2011. Both chambers of congress WILL pass legislation that will do three important things. 1) Raise the debt ceiling by 2.4 trillion effectively thwarting a global depression. 2) Cut deficit spending by 1 trillion over the next ten years. And most importantly of even the first two but what nobody realizes. Obama will deliver on one of his most important campaign pledges. 3) Change the tone in Washington!
There is a mechanism that is hard to explain in detail in this bill so I will sum it up as best as I can in a nutshell.....
DEMOCRATS: YOU HAVE UNTIL DECEMBER TO REDUCE THE DEFICIT BY 2 TRILLION DOLLARS OVER THE NEXT TEN YEARS. YOU WILL HAVE TO WORK WITH THE OTHER PARTY, YOU WILL HAVE TO MAKE EXTREMELY DIFFICULT CHOICES, YOU CANNOT DEMAGOGUE THE OTHER SIDE IN THIS PROCESS.
BECAUSE IF YOU FAIL TO DO THIS THERE WILL BE ACROSS THE BOARD SPENDING CUTS THAT WILL THEN REDUCE THE DEFICIT BY 2 TRILLION AND IT WILL INVOLVE DEEP SPENDING CUTS TO MEDICARE! ON YOUR MARK, GET SET, GO!
REPUBLICANS: YOU HAVE UNTIL DECEMBER TO REDUCE THE DEFICIT BY 2 TRILLION DOLLARS OVER THE NEXT TEN YEARS. YOU WILL HAVE TO WORK WITH THE OTHER PARTY, YOU WILL HAVE TO MAKE EXTREMELY DIFFICULT CHOICES, YOU CANNOT DEMAGOGUE THE OTHER SIDE IN THIS PROCESS.
BECAUSE IF YOU FAIL TO DO THIS THERE WILL BE ACROSS THE BOARD SPENDING CUTS THAT WILL REDUCE THE DEFICIT BY 2 TRILLION AND THE MOST CUTS WILL BE MILITARY DEFENSE SPENDING! IF THESE CUTS GO INTO EFFECT IT SUBSEQUENTLY BRINGS AN END TO THESE WARS THAT YOU HAVE FOUGHT SO HARD TO KEEP GOING. ON YOUR MARK, GET SET, GO!
Liberals and Conservatives hate this bill and that's why it MUST pass! They know that they will now lose their voices! If the American public has learned anything in the past 6-8 years is that the fringe elements on the left and right have no business governing! They have their place in keeping their party leaders on their toes, but when it comes to governing a complex nation such as ours, the moderate middle of both sides MUST have the majority of say and sway!
The liberal notion of "We must continue spending billions of dollars because if we don't America will no longer prosper!" is an utter joke! The vast majority of businesses are sitting on billions of dollars because of out of control spending in Washington! Our national debt is currently 14 trillion dollars and rising! Is that really a good thing liberals??? Spending cuts must be in the discussion and yes, that includes making tweaks and adjustments to medicare, medicaid, and social security! We must, and you can whine, and piss, and moan all you want but we must do this if we are to remain a strong and prosperous country!
The conservative notion of "We must cut and gut spending! No taxes, no revenues, no cuts to military spending!" is also an utter joke! We cannot, shall not, and will not ask the bottom 98% of American citizens to foot the bill on deficit reduction while the top 2% most wealthy Americans enjoy their tax breaks, subsidies, and loopholes! 1% of this country controls 90% of this countries wealth! We're not going to continue the gap of wealth in this country! We must reform the tax code, we must end the Bush tax cuts, we must end subsidies to big corporations who frankly don't need it!
Finally both sides will have no choice but to work together for at least the rest of the year! I believe it will give all of us a break from the extremes of both sides constantly yelling and screaming at each other. Liberals will be pissed and go and watch MSNBC to feel better because MSNBC will simply reaffirm their preconceived notions that more spending is the only answer and and those damn republicans are evil, evil people! Conservatives will be pissed and go watch Fox News to feel better because Fox News will simply reaffirm their preconceived notions that cutting, and gutting spending is the only answer and those damn Democrats are evil!
Meanwhile the vast majority of Americans will enjoy watching a functional government working together to solve a very serious problems! That we can tackle the hard things and get our fiscal house in order! The world is watching us! This past week in my opinion was probably the most embarrassing week this country has ever endured! Here we had two sides that were more interested in making the other side look bad than actually solving problems! I believe Obama just handed this country a great gift, a break from endless partisanship!
My only hope is that the next five months will make the American people realize how great our government works when the moderate middle is at the helm and the extremes of both sides are left to where they should be.... The talk radio, cable news, blogosphere sidelines!