Belle of Liberty

Letting Freedom Ring

Thursday, July 14, 2011

Pouting POTUS Needs Time-Out

You know you’re in an Entitlement Society when the Congress, which is in charge of spending, tells the President of the United States that his credit is no good, and he walks out in a sulk, declaring:  enough is enough” on debt talks Wednesday, demanding that congressional leaders find common ground by week's end.

According to a Republican aide, Obama walked out of the negotiations declaring, "I've reached my limit. This may bring my presidency down, but I won't yield on this."  He then stormed out of the room, according to the report.

House Majority Leader Eric Cantor reported, “He became very agitated, claiming ‘Ronald Reagan wouldn't sit here.  You either have to compromise on the dollar figure or the grand bargain. Don't call my bluff. I'm going to the American people on this.’”

Cantor called the president’s exit from the talks “abrupt,” and added that the two sides are “very far apart right now.”

Sounds like somebody didn’t get his afternoon nap.  This is why we need to elect adults to run our country.  So if our Congressional representatives refuse to raise the debt ceiling, will Obama hold his breath and turn blue?  One can only hope.  Clearly, someone read him Keynesian economic-theory bedtime stories when he was a little boy.  Hooked on these economic fairy tales, Obama apparently thinks he can just spend America into prosperity.  Or he wants us to believe this nonsense.

This, after insulting adult Americans everywhere by saying:  “Let me distinguish between professional politicians and the public at large," the president said, emphasizing that lawmakers, not the American people, were “paid to worry about” the debt limit.  The public is not paying close attention to the ins and outs of how a Treasury (bond) auction goes.  They shouldn't,” he said. "They've got a lot of other things on their plate. We're paid to worry about it.”

And then, he threatened to withhold Social Security checks, if he didn’t get his credit limit removed:  I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue, because there may simply not be the money in the coffers to do it.  These are veterans’ checks, these are folks on disability and their checks.  There are about 70 million checks that go out.”

Translated, what he said was, “If you don't allow us to continue bankrupting the nation, senior citizens, disabled people and veterans is where we will stop federal payments first!”  In other words, bureaucratic blackmail.

The reason for credit limits is so we don’t overextend ourselves.  Credit card companies don’t want to be liable for our excesses.  The limits are there for our own protection.  The lower your credit limit, the better.  Another barrier to excessive spending is high interest rates.  That means telling your kids – and sometimes yourselves – “No, you can’t have that.”  We all know what happens when we tell our kids, “No” – they put on an amazing display of bad temper, kicking, screaming, crying, prostrating themselves on the floor and pounding their fists.  The wise parent does not give in.

Nor should the wise citizen.  Obama told Congress he was going to tell on them, did he?  He’s going to go to the American people, is he?  Well that’s why kids put on public temper tantrums – to embarrass their parents into caving.  Nevertheless, with our country trillions of dollars in debt, we must pay back what we owe before we spend money on anything else.  We must cut out the extravagances and pay only the necessities.

Instead, Obama wants that pretty Socialist balloon, burgeoning with special interest hot air.  But it’s a might expensive and extravagant balloon.  We don’t need it and he can’t have it; that’s all there is to it.  Congress told him so, and he stormed out of the meeting.

‘Ronald Reagan’s mommy would have let him have the balloon!!’

Oh no, she wouldn’t.  Our credit rating is now in danger and we need to stick a pin in that balloon of his.  He’ll cry and scream.  We may have to send him to his room.  But he’ll get over it.



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