Re: John Boehner’s Powerpoint On ‘THE DEAL’ … And Barack Obama

More Hyscience Aug 1, 2011, 10:58 am

Speaker John Boehner’s Powerpoint on ‘The Deal’ can be seen here. On the surface, it doesn’t look too terribly bad; but remember, as we’ve learned before … the devil’s in the details … and we damned well need to read the whole thing to find out what’s really in it … BEFORE it passes. And keep in mind that with the passage of the ‘deal’ … the United States of America will have more than doubled the debt ceiling in just five years!

As for Barack Obama’s purpose and rationale in conjuring up this entire debt-ceiling debacle … and where it leaves him, Steve McCann sums it up perfectly over at American Thinker:

Barack Obama’s only interest in the debt ceiling debate was to raise the borrowing limit sufficiently to get by the next election, and as a cudgel to denigrate the Republicans. His concern was not for the American people and the impact of overwhelming national debt, nor an impending and inevitable credit downgrade. Rather, he was determined that raising the debt ceiling would not become an issue during the presidential campaign. Thus, spending cuts created out of whole cloth, combined with tax increases aimed at stoking the embers of class envy, were bandied about by his party in order to justify an increase in the debt ceiling of $2.4 Trillion.

rought by the nearly $5.5 Trillion (more than a third of the total debt of a nation 222 years old) he will have added to the nation’s balance sheet by the end of his term was immaterial, thus no detailed plan was forthcoming from the White House, and no lie or accusation aimed at the opposition was too absurd to tell. The only matter

… Read the Rest

Tags: debt, ceiling, barack, obama, thus, american, trillion, aimed, nation, years, boehner, powerpoint, whole, john,

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  • Description: Speaker John Boehner’s Powerpoint on ‘The Deal’ can be seen here. On the surface, it doesn’t look too terribly bad; but remember, as we’ve learned before … the devil’s in the details … and we damned well need to read the whole thing to find out what’s really in it … BEFORE it passes. And keep in mind that with the passage of the ‘deal’ … the United States of