President Obama promised Tuesday to discuss ObamaCare and
spending policy with Republicans, but only if they pass legislation to raise the
debt ceiling and fund the federal government, reports The Hill
Speaker John Boehner, however, rejected the offer, calling
it an offer of "unconditional surrender" for Republicans and stating,
"That's not the way America works." In the Senate, Harry Reid has
begun moving legislation to increase the debt limit by $1.1 trillion and Senate
liberals have threatened the 'nuclear option to end any potential Republican
filibuster. Finally, the Washington Post reports investors are showing
increasing concerns over a potential debt default and Rep. Paul Ryan proposes a
fix in the Wall Street Journal.
Source:
<http://news.reaganreports.com/t/3196834/93377280/1021059/1003/>'
Comments:
The House of Representatives is responsible for initiating
all spending Bills, but they have built themselves a box over the past 100
years by allowing the Federal government to abandon the Constitution. The
unconstitutional functions assumed by the Federal government need to be
dismantled.
The Federal government has screwed up every unconstitutional
function they have assumed.
Money printing by the Federal reserve allows the Federal
government to overspend and debase the dollar.
In 1900, a loaf of bread was 3 cents. How’s that working out for us ?
Federal revenues are running $250 billion a month, that’s $3 trillion a year. Federal spending is $3.7 trillion a
year. The Federal government needs to cut $700 billion a year from spending to achieve a balanced budget.
The first expenses to cut should be all UN Agenda 21
implementation being done by the EPA, FDA, USDA, HUD, DOT, DHS, FEMA, Education, State, Commerce, Energy and Interior. Their current and proposed regulations are
killing our economy and stealing private property. We need to quit the UN, stop
all military foreign aid and bribes to corrupt foreign dictators, and end the
Fed.
Norb Leahy, Dunwoody GA Tea Party Leader
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