Thursday, August 4, 2011

Finally, A Decision

President Obama signing the bill

Our government finally made a decision on the debt ceiling crisis. Surprisingly, they didn't choose default. Instead, President Obama signed the Budget Control Act which will increase the debt ceiling by $900 billion. Liberals, don't get excited, the Republicans would never agree to this increase without something in return. Just like the old saying, "You scratch my back, I scratch yours." Republicans made sure that for the $900 billion increase, the government would have to make over $900 billion in cuts over the next decade.

Second, the government would establish a "Super Congress" — made up of six Democrats and six Republicans. The committee will have to produce a legislation by this November to cut at least $1.5 trillion over the next ten years. The decision will be immune to any amendments or filibuster.

This whole debate over the debt ceiling is a preview of the 2012 election. Obama, as always, has failed to do anything he wanted to do. Republicans got what they wanted — massive cuts and no tax increases ­— and they will even have the pleasure of voting on a Balanced Budget Amendment, which even some Democrats in the House are planning to vote for. With the support of two-thirds of the House and the Senate, the proposal will go directly to the states to be ratified, and Obama won't have a voice in the decision.

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