As everyone knows the current Republican Leadership in Congress has banished the elephant as the symbol of the Republican Party and instead substituted the freshly laundered white flag of surrender.
Insanity is often defined as trying the same thing over and over again and expecting a different result. On a crucial issue, the Republicans have once again moved to preemptive surrender.
Will the Republicans ever learn or is the insanity they engage in repeatedly part of a plan?
Mitch McConnell, the alleged Senate Majority Leader has once again stolen John Boehner’s freshly laundered white flag of surrender and hoisted it before battle. The issue is the debt ceiling.
The government is running out of borrowed money. The national debt is at over $18 trillion and a sane person would look at the debt against America’s gross domestic product and say, perhaps it is time to rein in spending and reduce borrowing.
Barack Obama does not want to reduce borrowing. If he can build America’s debt high enough, it will eventually bring down the American economy. Only then can the system he wants, a socialist system, be put in place.
Republicans are allegedly the adults in the government room and claim they stand for fiscal sanity. Mitch McConnell just proved otherwise.
On Sunday, McConnell said he would not let the government default on its debt. Is he really that stupid or is this just an act he is putting on for TV?
The Obama Regime is demanding the debt ceiling be raised. When Obama was sworn in, in January 2009 the national debt stood at a little over $10 trillion. Obama has increased that debt by over 70%. Right now it stands at over $18 trillion and the new debt ceiling demand will most likely push it to $20 trillion.
Where did all of that money go?
That type of borrowing is unsustainable.
Which gets us back to the debt ceiling.
All that hitting the debt ceiling means is that America has maxed out its credit cards. It doesn’t mean the nation defaults on its debt. Only the Treasury Secretary can do that.
If the debt ceiling is not raised, America must reprioritize spending and service the debt first, then pay its other bills.
By announcing he would not let the government default, McConnell has announced he is surrendering.
Anyone who has ever done any negotiating knows you do not take your strongest point of leverage off the table before a deal. That is what McConnell has done. The only leverage the Congress has is to threaten not to approve a new debt ceiling. McConnell is announcing in advance that Obama may now dictate to the Republicans the terms of their surrender.
This is likely the last debt ceiling fight for Obama. As he moves into the last 22 months of his Regime, he is trying to do as much damage to America as he can. The conditions he will demand in this debt ceiling debate will be outrageous.
Thanks to the Republican surrender, America will one day look like Greece. We will be begging our lenders to restructure our debt. Unfortunately for America, most of our lenders do not really like this nation nor do they wish to see America remain a superpower.
But than again, neither does Barack Obama.