Debt ceiling vote could save America if House Republicans are willing to stand up to Democrats

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…

Debt ceiling vote could save America if House Republicans are willing to stand up to Democrats

US government took in nearly $5 trillion in 2022. The time to rein in spending and debt is now

Of all the reforms in House rules secured by the conservative rabblerousers last week, arguably the most momentous was the promise that Republicans will not pass any debt ceiling increase until substantial budget process reforms and spending cuts are secured.

The need for such a rule would seem self-evident. The debt has risen by some $4 trillion in just two years. Government borrowing last year hit 13 figures, or $1.4 trillion. Absent budget reforms, we could easily see a decade ahead with another $10 trillion added to the debt. And don’t forget, every one-percentage point rise in interest rates by the Fed raises the debt by well more than a trillion dollars over the next decade.

So, budget hawks and those concerned about our national debt should be applauding this commitment.

Hardly. Instead, President Joe Biden, Senate Majority Leader Chuck Schumer, the entire Washington special interest community, are collectively sounding a primal scream that we will have economic Armageddon if there is even a hint of the debt limit expiring this summer. The New York Times hyperventilated earlier that “Breaching the debt limit would lead to a first-ever default for the United States, creating financial chaos in the global economy. It would also force American officials to choose between continuing assistance like Social Security checks and paying interest on the country’s debt.”

House Speaker Kevin McCarthy will have to stand up to Democrat demands on spending if he hopes to rein in the debt and deficit. 

House Speaker Kevin McCarthy will have to stand up to Democrat demands on spending if he hopes to rein in the debt and deficit. (Kent Nishimura / Los Angeles Times via Getty Images)

This is upside-down logic. The nation’s good credit standing in the global capital markets isn’t imperiled by not passing a debt ceiling. The much-bigger danger is that Congress does extend the debt ceiling, but without any reforms in the way Congress grossly overspends.

We just experienced one painful repercussion of runaway government spending and debt over the past year: The runaway inflation that climbed to a 40-year high – costing the average American family nearly $4,000 in a loss of real take home pay.

The government’s addiction to red ink isn’t due to insufficient tax collections. The Congressional Budget Office just reported this week that in 2022 the United States government raked in a record $4.9 trillion from Americans. As a share of our GDP that was very close to an all-time record high.

Yet Biden and the Democrats in Congress say they want a “clean” debt ceiling bill – with no conditions attached.

To that, Republicans should say “no deal.” The experience of the last 40 years shows definitively that the only time fiscal conservatives have secured major spending reform concessions from Democrats as a condition for raising the debt ceiling. These are “come-to-Jesus moments” for fiscal discipline.

In 1985, the Gramm-Rudman deficit ceilings were enacted as part of the debt bill; that put congressional spending on a diet. In 1996 congressional Republicans and Democratic president signed an historic budget agreement on the eve of a debt-ceiling vote. Three years later the budget was balanced for three straight years – the only time we haven’t run a deficit in the last 50 years. Then in 2011, House Republicans leveraged the debt-ceiling vote to win approval from President Barack Obama for the Budget Control Act, which included automatic spending cuts, and brought the deficit way down.

CLICK HERE TO GET THE OPINION NEWSLETTER

The lesson is clear: if we are to make any progress on reducing the debt crisis, House Speaker Kevin McCarthy must use the debt ceiling vote as the bargaining chip to secure spending reductions and reforms.

This is lambasted by the inside-the-Beltway crowd as grossly irresponsible – as holding the country hostage. Wait. If a business owner is many millions of dollars in debt and goes to the bank for a loan or a credit card extension, the bank will rightly say: what’s your financial plan for getting out of debt? If there isn’t a plan, they’ll punt the owner into the street with no loan and no credit card extension.

To rein in the debt, House Republicans will have to resist spending demands from top Democrats including President Joe Biden.

To rein in the debt, House Republicans will have to resist spending demands from top Democrats including President Joe Biden.(Screenshot/Twitter)

We all hope it doesn’t come to this, but If for some reason bullheaded Democrats refuse to budge and the debt ceiling is not raised in time, this doesn’t cause a debt default. Rather, it immediately prohibits Congress from borrowing more money. It can still spend the tax money that comes into the Treasury each day – but not a penny more. Republicans are working on a contingency plan that ensures the debt payments are met and Social Security checks go out as the top priority. But other low-priority programs – like the Department of Education, foreign aid, energy programs, etc. will shut down until a deal is made. There is no default – unless Biden’s Treasury Department allows a default.

Republicans in the House can make the case that almost all of the increase in the debt over the past two years is because Biden and congressional Democrats ran up the debt by spending $4 trillion we don’t have – most of that spending happened with few if any Republican votes. The Democrats own this debt increase.

But if Republicans agree to go-along-to-get-along by raising the debt ceiling without any concessions from Democrats, they will be aiding and abetting Biden’s big-government socialism agenda. And that, ladies and gentlemen, would be the biggest financial crisis for America of all.

CLICK HERE TO READ MORE FROM STEPHEN MOORE

Stephen “Steve” Moore is a Fox News contributor. He previously wrote on the economy and public policy for The Wall Street Journal.

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.

_________________________

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.

_________________________

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 the Congressmen (Griffin, Womack, Crawford) in Arkansas 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.

Here are the 37 letters:

Open letter to Speaker of the House John Boehner (Part 37)

Open letter to Speaker of the House John Boehner (Part 37) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 36)

Open letter to Speaker of the House John Boehner (Part 36) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 35)

Open letter to Speaker of the House John Boehner (Part 35) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 34)

Open letter to Speaker of the House John Boehner (Part 34) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 33)

Open letter to Speaker of the House John Boehner (Part 33) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 32)

Open letter to Speaker of the House John Boehner (Part 32) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 31)

Open letter to Speaker of the House John Boehner (Part 31) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 30)

Open letter to Speaker of the House John Boehner (Part 30) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 29)

Open letter to Speaker of the House John Boehner (Part 29) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 28)

Open letter to Speaker of the House John Boehner (Part 28) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 27)

Open letter to Speaker of the House John Boehner (Part 27) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 26)

Open letter to Speaker of the House John Boehner (Part 26) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 25)

Open letter to Speaker of the House John Boehner (Part 25) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 24)

Open letter to Speaker of the House John Boehner (Part 24) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 23)

Open letter to Speaker of the House John Boehner (Part 23) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 22)

Open letter to Speaker of the House John Boehner (Part 22) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 21)

Open letter to Speaker of the House John Boehner (Part 21) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 20)

Open letter to Speaker of the House John Boehner (Part 20) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 19)

Open letter to Speaker of the House John Boehner (Part 19) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 18)

Open letter to Speaker of the House John Boehner (Part 18) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 17)

Open letter to Speaker of the House John Boehner (Part 17) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 16)

Open letter to Speaker of the House John Boehner (Part 16) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 15)

Open letter to Speaker of the House John Boehner (Part 15) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want […]

Open letter to Speaker of the House John Boehner (Part 14)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. ___________ Sen. Rand Paul Urges […]

Open letter to Speaker of the House John Boehner (Part 13)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

Open letter to Speaker of the House John Boehner (Part 12)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. If we want the economy […]

Open letter to Speaker of the House John Boehner (Part 11)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

Open letter to Speaker of the House John Boehner (Part 10)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. Dan Mitchell of the Cato […]

Open letter to Speaker of the House John Boehner (Part 9)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

Open letter to Speaker of the House John Boehner (Part 8)

Government Must Cut Spending Uploaded by HeritageFoundation on Dec 2, 2010 The government can cut roughly $343 billion from the federal budget and they can do so immediately. __________ John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected […]

Open letter to Speaker of the House John Boehner (Part 7)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

Open letter to Speaker of the House John Boehner (Part 6)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. DON’T LET THEM RAISE THAT […]

Open letter to Speaker of the House John Boehner (Part 5 on debt ceiling)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

Open letter to Speaker of the House John Boehner (Part 4 on ‘TEFRA Debacle of 1982′)

  John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. DO NOT TAKE THE […]

Open letter to Speaker of the House John Boehner (Part 3 on debt ceiling)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

Open letter to Speaker of the House John Boehner (Part 2 on raising taxes)

 Open letter to Speaker of the House John Boehner (Part 2 on raising taxes) John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but […]

Open letter to Speaker of the House John Boehner (Part 1 on debt ceiling)

John Boehner, Speaker of the House H-232, The Capital, Washington, DC 20515 Dear Mr. Speaker, I know that you will have to meet with newly re-elected President Obama soon and he will probably be anxious for you to raise taxes and  federal spending, but he will want you to leave runaway entitlement programs alone. When that happens then you […]

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