This Debt Crisis Must Be Wasted
By Carole on Jul 9, 2011
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It's been the rallying cry of the Obama administration since the beginning, but former Chief of Staff Rahm Emanuel's 'You never want a serious crisis to go to waste' has morphed into 'Create a crisis then use it as a weapon against those you were elected to serve'. In his weekly radio address, President Barack Obama actually tried to use the unemployment crisis created by his job-killing policies to push the country toward higher debt, higher taxes and more out of control government spending.
Continued...
"With a recovery that’s still fragile and isn’t producing all the jobs we need, the last thing we can afford is the usual partisan game-playing in Washington," he said referring to the ongoing debt ceiling negotiations. He then went on to reiterate his same old ideas such as "putting people to work rebuilding America’s infrastructure". In other words, since the unemployment rate is now at 9.2%, let's spend more money we don't have. Let's spend it on those shovel-ready jobs that didn't magically appear when this president coerced Congress into the $800 billion stimulus bill designed to keep the unemployment rate below 8%. And let's do it right away because there's a crisis!
Rather than admit his own failures that have grown our debt by a staggering 25% (from $10.7 trillion to $14.3 trillion) in just 30 months, he is trying to cajole the nation into doubling down and letting him borrow more, spend more and inevitably fail more.
Rather than accept that his stewardship has created an environment in which business owners live under the constant threat of higher taxes, more regulation and over-reaching legislation that punishes job creation; he is pointing to the dismal unemployment figures as the reason why we should let him continue to poison the job market.
How long will we allow ourselves to be financially beaten to a bloody pulp and then be forced to purchase box after box of tiny band-aids from the man holding the bat?
In the GOP's weekly address, Representative Cathy McMorris Rodgers (R-Washington) said, "There can be no increase in the national debt limit unless it is accompanied by serious spending cuts and reforms." In other words, President Obama and his cronies cannot be allowed to benefit from this particular crisis of their own making.
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