Thursday, February 9, 2012

Elect Obama and America will suffer another down grade!

News flash…Elect Obama and America will suffer another down grade!

By Christopher Goins, CNS News

House Minority Whip Steny Hoyer (D-Md.) said that Congress does not need an official federal budget because it can just adopt appropriations bills and authorization policies as needed to keep operating.
What??? And you elect these fools? He is saying flat out that they have an unlimited check book. He is saying they can spend whatever they want, on anything they want, at any time they want. A budget is not needed at all!
At a briefing with journalists on Capitol Hill on Tuesday, Hoyer was asked, “Mr. Hoyer, around the same time of the State of the Union [on Jan. 24], I think it was the same day, Republicans were trying to hit Senate Democrats for 1,000 days without passing a budget, and then you talk about this milestone today, 400 days without a jobs bill in the Republican House. But then on Friday [Democratic Senator Harry] Reid said that he didn’t think they needed to bring a budget to the floor this year [and that] the Budget Control Act can serve as a guideline.” And they just re-elected Harry! Nope, no worries because if we hit the debt ceiling, we will just raise that too

Hoyer said: “What does the budget do? This is an honest question because I am sure he has no idea! The budget does one thing and really only one thing: It sets the parameters of spending and discretionary caps. Other than that, the Appropriations committee are not bound by the Budget committee’s priorities.”
So there it is again, a budget is not worth the paper it is written on because we will just spend money (that we don't have and must borrow from China) anyway!

He continued: “The fact is, you don’t need a budget. We can adopt appropriations bills. We can adopt authorization policies without a budget. Good News!!! America…we don’t need a budget! I wonder if those European nations that are about to collapse would agree? We already have an agreed-upon cap on spending. Ha ha… I can’t stand it…let me pick myself up from the floor… we don’t need a budget because we “have an agreed-upon cap on spending” and…he left out…we can raise that anytime we get close to it. Cool huh!

Perhaps he should read just a small part of an article that I included below;

By Tyler Durden, Zero Hedge

Will A be the new AA+? Perhaps, if the S&P follows through with its latest threat. Bloomberg reports that, "the U.S., lacking a plan to contain $1 trillion deficits, faces the prospect of another rating cut in six to 24 months depending on the outcome of November elections, according to John Chambers of Standard & Poor’s. They are saying that if Obama is re-elected…say good bye to the possibility of any fiscal responsibility. America has had an AA+ rating with a negative outlook since Aug. 5 when the New York-based unit of McGraw-Hill Cos. stripped the nation of its AAA ranking for the first time, citing the government’s failure to agree on a path to reduce deficits. Path? Hmmm I think that Harry Reid should … take heed!  The U.S. has a one-in-three chance of another downgrade, Chamber said today during an S&P sponsored Webcast. “What the U.S. needs is not so much a short-term fiscal tightening, but it has to have a credible medium-term fiscal plan,” Well there it is, everyone but the liberals in congress say we need a budget. One that will stop the out of control spending, indeed, roll it back and set a rock solid program of deficit reduction! said Chambers, managing director of sovereign ratings.

You better get out and vote. You better get out and vote against spending while you still have a country to cast a vote in!

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