Well, it is that time of year again. No, not the holidays, it is time to rumble over the debt ceiling. It is that point when some of the almost responsible members of congress scratch their collective heads and say, “Should we be spending so much?”
At the time of this post the national debt was on its way to $18.4 trillion. The budget deficit for this fiscal year is an astounding $426 billion. The US has spent almost a half trillion dollars OVER what it took in this year.
Treasury Secretary Jacob Lew wrote to outgoing Speaker of the House John Boehner that the United States would be unable to honor it’s debt payments by November 5th should congress not authorize an increase in it’s line of credit.
Now, this is where I should point out that it is the worst kind of administration to continue to run up debt to pay for your debt. But you knew that right?
What the president and other progressives are saying is that they will not discuss a reduction in spending unless the debt limit is raised, but when the debt limit is raised then there is no need to discuss it. Oh, and entitlement and most other kinds of spending is off limits.
A classic catch 22, if ever there where one.
There is a false argument being made that spending on food stamps and planned parenthood cannot be reduced by even a fraction of a percent, but that is crazy. Why can’t we adjust the parameters of who is eligible for subsidies or unemployment benefits?
We did it when we were in trouble in 2008 and beyond, we can’t pull back now that things are supposedly better? And why is it wrong to change the age of retirement for future Social Security recipients now that people are enjoying longer life spans? For those currently under 50, which includes me, raise the age to 70.
The false argument being made by the president is that we should honor our debt by raising the debt ceiling, but it is obvious that the limit can remain where it is and we just don’t spend as much on other things, like the White House budget for instance.
The president changed the terms of who can get assistance by lowering the standard to increase spending, why can’t he reverse course? The answer is obvious, because he wants the debt to increase and dependence on government to be greater.
It is intriguing to me that for the last six months or so, the treasury has frozen the debt clock using some Zen mathematics and budgeting techniques in order to avoid a conflict over the summer when the economy was fragile and it was inconvenient to the administration.
But let Speaker Boehner resign his seat and it is time to teach his replacement his place a week into the job.
The bigger issue is that of ungodly leadership who fail to understand that they are being used to bring about the curse described in Deuteronomy that falls upon a once godly nation that has rejected the Lord.
The bible plainly teaches that rejection of the Lord warps the mind so much that it no longer understands right thinking. That is why the godless actually believe that enormous debt is good instead of bad.
That is what is happening in European countries like Greece, Portugal and Spain and others as government policies discourage work and encourage dependency on government programs which in turn lowers their GDP and slows their economies.
Their thinking has been twisted by sin and they have lost their prosperity.
