Submitted by: Nancy Battle
What Liberals Fear the Most
Posted by NewsEditor on July 14, 2011 ·
Most of the stories in the mainstream media lately have centered around the nation’s encroachment upon the current mandated debt ceiling. This political hot potato has been tossed back-and-forth countless times with no one willing or able to get a handle on it. Most of the rhetoric coming from the left – President Obama, in particular – has come in the form of fear-mongering and demagoguery.
The president has been using senior citizens and playing upon their fears that they may not receive their monthly Social Security checks if Congress does not pass a bill authorizing a two trillion dollar increase in the debt limit. “Experts” have been predicting all sorts of economic calamities if the nation is unable to increase its capacity to borrow money.
Other economists have said that the foreseen calamity will be nowhere near as bad as Obama and the Democrats are trying to make us believe. The demagoguing Democrats want us to believe that the entire federal government will come to a grinding halt once it no longer has the capacity to continue borrowing. The problem with this argument is the fact that being unable to borrow more money does not mean that we will completely run out of money. The government will still have money coming into its coffers. True – the federal government is currently spending about one hundred billion dollars more per month than it takes in (this was, less than a generation ago, equivalent to an entire YEAR’s worth of deficit spending). But it still brings in money – enough money to continue to provide “essential” services.
Even if a debt deal is not reached, there will still be enough money to fund the military, service the existing immense debt, and, YES Virginia, pay senior citizens their Social Security checks.
In my opinion, what politicians – Democrats in particular – fear the most is that, in the event of a shutdown, Americans will learn exactly how many government services and agencies are not so “essential”. In other words, the vastness and multiplicity of the bureaus and agencies within our federal government is something that everyone acknowledges; but something of which no one quite understands the magnitude. Once Americans see that a shutdown of the “Environmental Workforce Development and Job Training Grants Program” of the Environmental Protection Agency will NOT cause the nation’s economy to grind to a halt, they will then start taking a much closer look at inane and wasteful government programs, agencies, and bureaus. They will then begin to tell their elected officials, “Gee, Mr. Congressman, I think that we should shut this agency down and save a few million (or billion) dollars.”
Read More at Canada Free Press by James Sharp, Canada Free Press
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