And it has not helped us at all..... our budget is still way out of control, those tax cuts for the rich sure are working aren't they? Instead of raising taxes we'll just increase the debt limit and borrow money from foreign governments and banks..... that's a very great policy to support now isn't it?
But of course Blue Dog is a bunch of Democrat Reps. so what do they know, huh?
We citizens are expected to pay-as-we-go why won't GOP Reps. support this for our government?
Why is this great "conservative" President not supporting this action? OOOO That's right his solution is to keep cutting taxes for the rich and keep cutting social spending and to keep borrowing money from FOREIGN COUNTRIES AND BANKS....... what a great, great leader he is 
Quote:
For Immediate Release
Thursday, November 18, 2004
Contact: Eric Wortman 202-226-6857
BLUE DOGS OPPOSE IRRESPONSIBLE
DEBT LIMIT INCREASE
Coalition Encourages Congress to Act on PAYGO
Washington, D.C. - The Blue Dog Coalition today urged their colleagues to oppose an irresponsible increase in the debt limit if it does not include PAYGO: common sense budget rules that would prevent our nation from piling up insurmountable deficits.
Today, projections of large budget surpluses have been replaced with projections of deficits as far as the eye can see, and Congress is being asked to approve another increase in the debt limit to over eight trillion dollars. Then national debt has increased by $570 billion over the last twelve months and $1.5 trillion over the last three years. The national debt will exceed $10 trillion in just over four years under our current budget policies.
Last night, the Rules Committee defeated on a party line vote an amendment by Rep. Charlie Stenholm (TX), Blue Dog Co-Chair for Policy, that would have tied pay-as-you-go to the debt limit increase.
"Folks can continue to argue that deficits don't matter, but sooner or later financial reality will catch up to us and the markets will remind us that deficits do matter," stated Rep. Stenholm. "Just like credit card spending limits serve as a tool to force families to examine their household budgets, the debt limit reminds Congress and the President to evaluate our budget policies. A German philosopher named Dietrich Bonhoeffer once said that the ultimate test of a moral society is the kind of world that it leaves to its children. We cannot leave it to our grandchildren to shoulder the enormous burden of our debt."
For over a month, the Republican Leadership has been relying on the Treasury Secretary to use "extraordinary measures" to avoid breaching the statutory debt limit until mid-November to delay a vote on legislation increasing the debt limit. Specifically, Secretary Snow has suspended investment in the Civil Service Retirement Trust Fund and Government Securities Investment Fund (TSP G Fund).
For months, Blue Dogs have offered bipartisan support for increasing the debt limit, if Republican leaders showed a commitment to preventing ballooning deficits in the future. Those offers of bipartisan support were ignored and time has run out. The United States will be in default if Congress does not increase the debt limit today.
"The Blue Dogs have indicated their willingness to provide the bipartisan support necessary to pass an increase in the debt limit, provided that increase includes a return to the common sense budget enforcement rules of the 1990's," explained Rep. Dennis Cardoza (CA), the recently elected Blue Dog Co-Chair for Communications for the 109th Congress. "The Blue Dogs will not stand by and watch Congress run our nation further into debt. Rather than pass the, Congress should act today to raise the debt ceiling and include strong budget enforcement measures to the legislation so our nation does not continue to face this crisis year after year."
"Today, Congress has a choice. We can be fiscally responsible and pass a debt limit increase in a bipartisan fashion by including common sense budget rules. Or, Congress can continue down a reckless and fiscally irresponsible path by not including PAYGO," said Rep. Jim Cooper (TN), incoming Blue Dog Co-Chair for Policy for the 109th Congress. "If Congress chooses the latter, we will find increasing the debt limit becomes an annual event."
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Link: http://www.house.gov/cardoza/BlueDogs/11_18_04.htm
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
Last edited by pan6467; 11-15-2005 at 01:06 PM..
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