Today we start with these highlights from John Boehner’s speech Monday, May 9, 2011, to the Economic Club of New York:
• “Our economy does best when government respects our people enough to give them the freedom to do what they do best
• I believe our mission as legislators is to liberate our economy from the things that impede growth
• …we will not succeed in balancing the federal budget and overcoming the challenges of our debt until we commit ourselves to government policies that will let our economy achieve long-term growth
• The recent stimulus spending binge hurt our economy and hampered private sector job creation in America
• The lesson of the stimulus era is that short-term government intervention is no substitute for long-term economic investment, private initiative, and freedom
• …the president has asked Congress to increase the debt limit, and to do so without preconditions
• To increase the debt limit without simultaneously addressing the drivers of our debt -- in defiance of the will of our people -- would be monumentally arrogant and massively irresponsible
• So let me be as clear as I can be. Without significant spending cuts and reforms to reduce our debt, there will be no debt limit increase. And the cuts should be greater than the accompanying increase in debt authority the president is given.”
You can read the entire speech at:
http://www.speaker.gov/News/DocumentSingle.aspx?DocumentID=240370
We encourage you to do so. Boehner is going to be tarred and feathered by the party in power. The attacks on Boehner will take several forms: they will say his approach will dismantle all the forms of the safety net that make America great. It will balance the budget on the backs of the poor and weak (please see footnote) and benefit the well to do. Then, the Democrats will say support us and things will go on and be okay.
We believe that the burdens on America’s economy need to be dismantled. If you believe that America was made great by government bureaucracy; uncontrolled litigation and well catered to special interest groups you will not accept the fundamental that America is not a land of safety nets. You don’t believe it is a land of opportunity. The safety nets have now been expanded to almost every American as part of a process by both political parties to outdo each other in vote buying. One party claims they now see the dismal future brought about by their participation in this fiscal promiscuity (well, time will tell if they really see the error of their ways.) The other party sees no future for themselves unless they continue to buy votes in order to stay in power. The latter gives lip service to fiscal responsibility. They act as if we need it but they do not move to make any real cuts. Today they propose imaginary cuts. The real cuts will come tomorrow. Sure.
Perhaps the lines are being drawn. We just don’t know. Even Boehner’s words cause us concern because without a time period the words are meaningless. So, let’s see how the Republican’s implement Boehner’s line in the sand – “Without significant spending cuts and reforms to reduce our debt, there will be no debt limit increase. And the cuts should be greater than the accompanying increase in debt authority the president is given.”
In the meantime, for those of you who buy into the deficits and debt and their promise of a better tomorrow with no discipline today, we leave you with the words from your adopted anthem, complements of Little Orphan Annie's Broadway musical:
Tomorrow! Tomorrow!
I love ya Tomorrow!
You're always
A day
A way!
Footnote: we would encourage you to click on this link http://www.slate.com/id/2293526/ and read this article written by Eliot Spitzer. Spitzer as you may recall was an ambitious politician who got caught in sexual shenanigans and was forced to resign early in his first term as NY governor. This fellow is now the spokesman for the Democratic Party and its promiscuous ways. Well, as they say, “It takes one to know one.” The Democrats do know how to pick their spokesmen.
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