Posts tagged ‘Overspending’

January 11, 2013

Where Does the 14th Amendment Grant Dictatorial Power?

by lewwaters

Obama, DictatorThe latest effort to impose dictatorial control over the American people comes from Democrat Senate Leader out of Nevada, Harry Reid as he lends his voice to those from last year in calling on Obama to simply bypass congress and raise the nation’s debt as he sees fit, claiming he is granted that authority under the 14th amendment, passed shortly after the Civil War.

One of three ‘Reconstruction Amendments,’ the 14th is comprised of 5 sections primarily stating freed slaves were citizens of America with the full legal rights of any other citizen in the first three section and the 4th section basically laying out that the U.S. was not responsible for nor would pay any debts incurred by the Confederacy during the war.

Section 5 grants congress the power to enforce the amendment.

Section 4 is where Democrats now claim to have the authority for Obama to bypass congress on raising our public debt, claiming it says, “the validity of the public debt of the United States…shall not be questioned.”

In total, Section 4 says,

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August 8, 2011

Accusations, Finger Pointing & Blame Game. But no Viable Ideas

by lewwaters

As expected and as I predicted at the small Tea Party rally July 28, 2011, America’s credit rating has been downgraded from AAA to AA+, with expectations that it might even sink further. We didn’t need to allow that to happen, but in today’s air of hyper-partisanship, party power being more important than the good of the country on both sides of the aisle, it’s what we received.

Our problem remains our ridiculous staggering debt, now with the limit approaching $16 Trillion. Our elected officials seem only able to address the deficit between what they spend and what is received in taxes, spending greatly outpacing tax receipts.

Seeing how our Congress can only spend, spend, spend, we have lost the AAA rating we have depended on. The S & P Report cites among their reasons, “We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.”

The left immediately focuses on “raising revenues,” increasing taxes on the wealthy, and completely ignores “containing the growth in public spending, especially on entitlements.”

Instead of rolling up their sleeves and setting to actually fixing the problems, what do we once again see?

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