Once again the debt ceiling argument is back, along with the continuing resolutions and no budget. Here we go again.
WASHINGTON (Reuters) - The Congress, struggling to avert a government shutdown next week, was warned by the Obama administration on Wednesday that the Treasury was quickly running out of funds to pay government bills and could soon face a damaging debt default.Treasury Secretary Jack Lew pleaded with Congress to raise the $16.7 trillion debt limit and said the government would not be able to borrow funds past October 17.After that date, only $30 billion would be left in the Treasury's checking account, putting the country on course to miss crucial debt payments, Lew said.
Amid Treasury's dire default warning, lawmakers grappled with another potential crisis: federal agency shutdowns that could begin with the new fiscal year next Tuesday unless Congress comes up with emergency funds.
Every few months it's the same old song and dance. 16.7 Trillion.
Bush Start 5,807,463,412,200.06
Bush Finish 11,909,829,003,511.70
Eight years, 6.1 Trillion. 3.4 of that in the last term when the dems took congress. That's extremely unacceptable, and the 2006 Republicans blundered in the extreme for not listening to Mike Pence and the RSC. For some of the more radical wings of the tea party that want "split control" due to caving republicans like the worthless Lindsay Graham, this is what that sometimes gets you - RECORD spending. Split control from 06-08 was a disaster.
Obama Start - 11,909,829,003,511.70
Current - 16.7 Trillion
And we still got over 2 years left with the Peter Principle in Chief. Obama and Congress both deserve the blame. This keeps going up and up and up because you have House leadership wanting to "balance" the budget over 30 years (not good enough) with a halfway job and Obama and the Senate (Both dems and the beyond worthless McCain/Graham) calling a cut in the growth of increased spending a "cut" when it really is a spending increase. The goalposts are shifted way too far with those proposals and "negotiations". Paul Ryan is no Mike Pence. John Boehner is at the point where I can't even comment except to say that he's making our jobs here much more difficult. This is unacceptable. It's killing us. We get tainted by DC even though Livingston County does such a good job with budget issues that they aren't even in our league. Budgets are always balanced and taxes aren't increased here.
It's not too much to ask for DC to balance the budget without raising taxes. It can be done. It just takes something that isn't there in DC. Guts and a plan.
The price for increasing the debt ceiling needs to be this (at a start) with a take it or leave it.:
1. Zero based budgeting of all departments. All of them.
2. Anything not needed needs to go. That includes the BATF.
3. Repeal Obamacare
4. Repeal the TSA
That's a start and by no means a finish.