July 07, 2011

Broun: LOWER the Debt Ceiling

Today, I introduced a unique bill that goes in a completely different direction than everything else we’ve been hearing out of Washington. It would force politicians to start practicing what they’ve been preaching by lowering the debt ceiling from $14.3 trillion back down to $13 trillion. Admittedly, this is not your run-of-the-mill kind of law, but it would make it imperative for Congress to think outside of the box and come up with ways to pay off a portion of our debt while drastically cutting back spending. Since 1996, the national debt has increased by an inexcusable $8.79 trillion. I firmly believe that this calls for emergency measures to reduce the debt.

Lawmakers on both sides of the aisle are equally responsible for the government's past fiscal irresponsibility. Sadly, whenever Congress has been given a chance to make a real impact on the budget, our spending habits, and our nation's livelihood, Democrats and Republicans alike have caved.

Moreover, in this time of crisis, liberals are pushing for a $2 trillion increase in our debt ceiling. And their only answer for our financial fiasco is to cut nothing and raise taxes on everything — which would simply give Washington more money to burn through. Even more disturbingly, under the president's budget proposal, the debt would double to $26.3 trillion by 2021, and he has no intention or plan to pay it down.

Sadly, this proposal, from Georgia Republican Rep. Paul Broun, is a non-starter due to inertia within both the Democratic and Republican parties. Both groups are wedded to big government, and the constant expansion of that government. They are equally intent on rocking the boat as little as possible to avoid making hard decisions, thinking that by going with the failing status quo they can protect their petty fiefdoms a bit longer, perhaps managing to get elected once or twice more and enrich themselves personally before or near-term economic collapse.

I suspect that there are less than a handful of legislators on Capitol Hill that really hold the nation's best interests at heart. When the collapse comes—and it will—I hope I live long enough in the ensuing carnage to see some of these bastards held to account by their constituents.

Posted by Confederate Yankee at July 7, 2011 07:02 AM

As long as we have the wire, they'll keep building the lampposts.

Posted by: Phelps at July 7, 2011 07:47 PM