Brummett blames Tea Party for debt ceiling crisis

In the article “When a state legislator’s brain shorts out…,” July 28, 2011, Arkansas News Bureau, Brummett was critical of recent statements by Representative Nate Bell of Mena. Brummett was critical of these Tea Party types not only because they sometimes mispeak but also because the Tea Party is taking the country in a direction that Brummett detests. He asserted:

For one thing, and in the immediate term, it may be that our government’s credit rating will be downgraded to the point that interest costs will rise for beleaguered Americans’ mortgages and car loans.

Let me make two points here. First, the term Tea Party is being used by Brummett for any right wing person he does not like.

David Boaz of the Cato Institute rightly noted:

One sign of the tea party movement’s success is that the term “tea party” is becoming an all-purpose smear term for any more-or-less right-wing person or activity that the writer doesn’t like. In fact, I think “Tea Party” is replacing “neocon” as an all-purpose word for “the people I hate.”

Second, Brummett claims it the Republicans who want to default, but is the Democrats who are refusing to cut the budget in a way we can lower this 1.7 trillion deficit for this year!!!!

The huge deficits are the problem. People want the debt ceiling raised, but if the huge deficits  continue then what is the use? The article below shows how our government will have their credit rating devalued UNLESS WE STOP RUNNING UP BIG DEFICTIS EVERY YEAR!!

Dueling Debt Ceiling Proposals vs. the Rating Agencies,” by Alison Acosta Fraser, July 25, 2011 at 10:16 pm:

As the day debt ceiling of reckoning fast approaches, dueling proposals are flurrying around Washington fast and furious.  The latest two are from House Speaker John Boehner (R-OH) and Senate Majority Leader Harry Reid (D-NV).

Americans, and global financial markets, are watching Washington nervously for a real plan—one that will put the nation squarely on a path to solving our twin crises of spending and debt.  Without strong structural changes in spending, our debt will balloon out of control.

At stake are two issues.  The short-term is obvious – will there be an increase in the debt limit before August 3?  Despite the President and his team practically begging Wall Street to collapse, the markets and the rating agencies believe that there will be an increase and the federal government can safely avoid the chaos of prioritizing its bills in order to service the debt.  Though they warn of the consequences if this doesn’t happen, Standard & Poor’s, has stated that

…the risk of a payment default is small, though increasing…Standard and Poor’s still anticipates that lawmakers will raise the debt ceiling by the end of July to avoid those outcomes.”

The second and even more crucial issue is whether Congress will take necessary action beyond the next year to bring our debt under control over the medium and long-term.  This is where the rating agencies really voice their strong concern.    Again, Standard & Poor’s:

Congress and the Administration might also settle for a smaller increase in the debt ceiling, or they might agree to a plan that, while avoiding a near-term default, might not, in our view, materially improve our base case expectation for the future path of the net general government debt-to-GDP ratio.”

Moody’s response is similar:

The outlook assigned at that time to the government bond rating would very likely be changed to negative at the conclusion of the review unless substantial and credible agreement is achieved on a budget that includes long-term deficit reduction. To retain a stable outlook, such an agreement should include a deficit trajectory that leads to stabilization and then decline in the ratios of federal government debt to GDP and debt to revenue beginning within the next few years.

What the rating agencies are saying is that Congress and the President must pass legislation that immediately begins to rein in deficits and bring our debt down to more acceptable levels, and either keeps it there or continues to drive it down further.

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We need more lawmakers like Nate Bell who want to get our country back to the tax level we were at many years ago. Our founding fathers would be SHOCKED IF THEY CAME BACK TODAY AND SAW THAT THE FEDERAL GOVERNMENT WAS SPENDING OVER 24% OF GDP.

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I agree with Tolbert that it was ill-advised. Jason Tolbert gave us the big picture when he noted:

You almost have to feel bad for Arkansas Democrats…almost. With the last remaining Arkansas Congressional Democrat, Mike Ross, announcing he will not run for re-election, they are facing the realization that the entire Arkansas delagation – save Sen. Mark Pryor who is not up until 2014 – could turn red in the next cycle. They are just coming off a tidal wave 2010 election which saw Republicans in the state capitol close to double in ranks. And with the unpopular President Obama leading their ticket in 2012, it is likely to get even worse for them.

It is so bad that Politico this week had the healine “Arkansas Democrats Face Extinction.” Ouch!

It is almost understandable then that they are doing everything they can to hang on to power – whether it is creative map drawing or trying to seize every opportunity to paint Republicans as crazy extremists. Granted, frequent e-mails circulating the Internet make for easy targets. But the over-the-top reaction to an ill-advised Facebook post from a Republican state representative has been both amusing and a bit annoying at the same time.

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  • John Brummett Says:
    July 28th, 2011 at 10:39 am ill-advised? understatement, you think? for the record, i care much less whether democrats or republicans win arkansas political races than whether the republican party can extricate itself from the cranks and kooks and affronts to advanced civilization represented by this kind of outrageously ignorant comment — a process a couple of republicans could begin right here right now by denouncing this guy’s outrage on specific merit and in unambiguous terms, not dismissing it defensively for purely partisan motivation
  • ____________________

If you look at the unbelievable comments that Democrats have made the last two years when they have crammed Obamacare down our throats then you could really come up with so crazy comments. Obama says the whole Obamacare debate will be on CSpan then he retreats with Nancy and does it in private and she says, “You will find out what is in it when we pass it.”

I still think that Tolbert has it right. It makes me think that the Democrat Party of Arkansas is acting much like Florida Alantic’s announcer did last year in the ASU game.

I give Florida Atlantic color commentator Dave Lamont credit. The guy is passionate about football, the team he covers, and most of all: THE RULES.

With Arkansas St. leading 37-16 late in the game, Lamont lost his marbles after FAU quarterback Jeff Van Camp scrambled, slid and then took a hit in the head by an Arkansas St. defender.

It should have been a flag. But, as we are reminded on a weekly basis, sometimes officials miss calls. It happens. Well, Lamont was in no mood for oversights. And his subsequent on-air rant was hilariously intense. Here it is:

Florida Alantic was losing at the time and that is why I have compared them to the Arkansas Democratic Party. Jason Tolbert hit the nail on the head in his comments. Is it any wonder that liberal Democrat Michael Cook revealed the Democrats next play in the playbook: “Remarks like the ones made by Nate Bell and Jon Hubbard, without apologies, should be highlighted by Democrats”

I don’t think this strategy of the Democrats will work since it President Obama and the liberals in Washington that have caused the largest pick up of seats by Republicans in Arkansas’ history. IT STILL COMES DOWN TO THE ISSUES.

Here is one of my favorite videos on this subject below:

What Is The Debt Ceiling?

Published on May 19, 2013

What is the debt ceiling and why does it matter? Find out:http://BankruptingAmerica.org/DebtCei…

Congress’s dance with the debt limit can be confusing and, frankly, the details can be a real snooze fest for many Americans. Sometimes a little humor clarifies the absurdities of Washington antics better than flow charts and talk of trillions.

The 31-second video and accompanying infographic “The Debt Ceiling Explained” by Bankrupting America offers the facts, leavened with a dose of levity. The conclusion is serious, however: The country’s debt threatens economic growth, and spending cuts are the answer.

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It is obvious to me that if President Obama gets his hands on more money then he will continue to spend away our children’s future. He has already taken the national debt from 11 trillion to 16 trillion in just 4 years. Over, and over, and over, and over, and over and over I have written Speaker Boehner and written every Republican that represents Arkansans in Arkansas before (GriffinWomackCrawford, and only Senator Boozman got a chance to respond) concerning this. I am hoping they will stand up against this reckless spending that our federal government has done and will continue to do if given the chance.

Why don’t the Republicans  just vote no on the next increase to the debt ceiling limit. I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

What would happen if the debt ceiling was not increased? Yes President Obama would probably cancel White House tours and he would try to stop mail service or something else to get on our nerves but that is what the Republicans need to do.

I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.

I have written hundreds of letters and emails to President Obama and I must say that I have been impressed that he has had the White House staff answer so many of my letters. The White House answered concerning Social Security (two times), Green Technologieswelfaresmall businessesObamacare (twice),  federal overspendingexpanding unemployment benefits to 99 weeks,  gun controlnational debtabortionjumpstarting the economy, and various other  issues.   However, his policies have not changed, and by the way the White House after answering over 50 of my letters before November of 2012 has not answered one since.   President Obama is committed to cutting nothing from the budget that I can tell.

 I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly.  I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.

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