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Memo to Snyder: Don’t stop the radical reforms now!Obama’s debt ceiling debacle
July 17th, 2011 | 
Author: 
Herman Cain
After being AWOL on the debt ceiling debate for weeks, President Obama is now trying to swoop in like some super hero who is somehow above the fray in Washington. He is trying to convince us that he is the lone leader among 535 want-to-be Congressional leaders. And if they do not solve this Obama-created crisis, Obama is positioning himself again to blame the Republicans.
Some of us are not that gullible. We’re not buying it.
It’s Obama’s lack of leadership that has led to this situation in the first place – a situation that would never have happened under President Herman Cain. Why? Real leaders anticipate and analyze crises to prevent them.
In this current debate over our debt ceiling and government spending, if there is no agreement reached, it will not be because the Republicans are not serious about cutting spending. It will be because President Obama is not serious about cutting spending, and therefore he is incapable of showing any leadership on the issue.
You can’t be a leader if you can’t figure out which way to go – or if you’re determined to go the wrong way.
Last week, Democratic pollster and commentator Pat Caddell said that the elephant in the room is the fact that our president is simply clueless about what to do. Now I don’t know if Mr. Caddell is correct or not, but the fact remains that the way the president is handling this debt ceiling issue is just the way someone who is clueless would handle it.
He has been plenty specific on his class warfare talking points and on ways to continue to punish the producers in our economy with all kinds of regulations and tax increases he wants on the backs of the American people, but he remains awfully vague about any ideas for reductions in government spending.
I suspect he is just being himself. He believes in big government and redistribution, and he is not a big believer in the free-market economy.
The American people and certainly every business owner know that now is not the time to increase taxes on America’s job creators and employers. That would be counterproductive. Our problem is excessive government spending, not low taxation.
Besides, history teaches us that tax increases are the wrong way to go with regard to revenue anyway. We have seen in our nation’s history – under Presidents John F. Kennedy and Ronald Reagan – that a growing economy is an economy that actually produces more tax revenue than an overtaxed and over-regulated economy. A tax increase now would just lead to more unemployment and more entrepreneurs going on strike.
It would be a disaster.
And yet, we are told by our President and other liberals that failing to reach an agreement on this debt ceiling would be a disaster. They are simply not telling us the truth about this situation, trying to scare the American people into punishing the Republicans who are standing firm. The fact remains, without raising the debt ceiling, our Treasury will have enough money to service the debt, to pay our soldiers, and to pay Social Security and Medicare. Anyone who says differently is lying to you.
What not raising the debt ceiling means is that the rest of the federal government would have to finally share in some sacrifice for a change. We hear a lot lately about shared sacrifice, but it’s never our government that has to sacrifice. It’s always the producers, job creators and families that have to sacrifice.
We have a crisis of leadership in the White House, and we are all watching it unfold before our very eyes in this debt ceiling debate.
It’s not a serious debate. It’s a disaster. Hang on!
Posted in Herman Cain
26 Responses to “Obama’s debt ceiling debacle”
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Herman Cain you sir have been and still remain the problem in America. You spout whatever your money changer masters spoon feed your sorry butt.
WE ain’t buying it son, as a former a former deputy chairman and chairman of the board of directors to the Federal Reserve Bank of Kansas City, you are only interested in playing the American people into total slavery. Interest on coupons created out of thin air, combined with 80,000 pages of compliance schemes and 4,000,000 words of IRS compliance burden this nation to the tune of well over 3 trillion a year. Thats just the federal level.
Even a “Falwell” Baptist deciever like yourself are aware of usury. The light is shining and the scam is falling apart at the seams, as prophesied. The new order will be the harvesting of the hemp. From hemp comes very strong rope, all we need from you is your neck size.
[...] Even a “Falwell” Baptist deciever like yourself are aware of usury. The light is shining and the scam is falling apart at the seams, as prophesied. The new order will be the harvesting of the hemp. From hemp comes very strong rope, all we need from you is your neck size. leave your comment to this cockroach [...]
Absolutely true. It’s a SPENDING problem, it’s been that all along! And as for Northpal, hate to say it, you are COMPLETELY WRONG…don’t judge a book by its cover. Dig deep enough, and you’ll see something different. But to knuckleheads like you (I believe you’re a liberal anyway), attacking a person with simple solutions to today’s crises is not the way to go. Sweep around your own front door instead of another’s.
Once a liberal, always a liberal.
Northpal, you spew too much hate. Forget to take your meds today? Get a grip. The rope reference is undignified, insulting to a good man and totally uncalled for. It made me sad to read such sickness.
Wow, if anything smacks of “hate speech” it is Northpal’s remarks. He seems to be anti everything: Christians, the Federal Reserve, and blacks, but has no positive programs to put forth.
I agree with Fannieb1.
One way to identify liberals is that they are the ones who always make verbal insulting attacks on personalities while they never propose any positive actions; and, they do not have any economic plans that can be sustained through future generations.
The President is clueless about what to do because he does not want to do anything and he hasn’t the self-discipline to force himself to do anything he does not want to do.
Obama and the Congressional Democrats are fighting a rear-guard action to defend the budgetary baselines established by their prior profligacy. They will stall and stall, promise and promise, but never ever cut a dime unless they have no choice but to do so.
Speaker Boehner should bring forward a bill that contains specific cuts that eliminate certain programs entirely, thereby reducing the Federal headcount and assuring that the cuts continue in later years. It should contain $500 billion in new debt authority in order to prevent the Democrats from blaming the House and then cratering the economy, while keeping the pressure on without giving Obama a free pass through 2012.
And then the Speaker should adjourn the House–immediately after passage. Put that one deal on the table and make it clear that there will be no other option. Force Obama to make a public choice between reasonable cuts and the Abyss.
I fear he might be petulant enough to choose the Abyss, but his presidency would not long survive the choice.
Northpal, I doubt you are who you say you are. People like you don’t have the facts your tactics are to name call and divert attention from the issues. Please educate yourself.
Keep up the great work Herman!! I am assuming that Northpal does his bookkeeping like President Obama. At least other people are smart enough to face the facts. I personally feel that the only people that support Obama are either illegal immigrants or on welfare.
At least Herman Cain knows what he is talking about, President Obama hasn’t got a clue. Barack is trying to destroy this great Nation.
I have done some research and have the following numbers for you to consider. (sources: US Census and CBO) Revenue includes individual income, corporate, social insurance, excise, estate and gift taxes, customs duties and miscellaneous. Outlays include discretionary and mandatory spending and interest. I looked at the population, revenue and outlays as follows:
Year Pop Rev Rev/person
Outlays Outlays/person
1970 203b $192.8 bil $948.89
$195.6b $962.67
1980 227b $517.1b $2,282.54
$590.9b $2,608.30
1990 249b $1,032b $4,149.41
$1,253 bil $5,038.00
2000 281b $2,052.2b $7,292.25
$1,789 bil $6,357.00
2009 307b(e) $2,104.6b $6,855.37
$3,518.2b $11,459.93
$948.89/$962.67 in 1970 dollars would be worth $5,246.70/$5,322.90 in 2009 dollars, according to the Bureau of Labor Statistics Inflation Calculator. That’s a 30.6% increase in revenue (adjusted for inflation), and a 115.3% increase in outlays (adjusted for inflation). Of course, you know 2010′s spending was even worse than 2009. So, again, I ask: is it a taxing problem, a spending problem, or both?
I believe Obama knows exactly what he is doing, and it isn’t building up america.
Herman Cain is the real deal and you Northpal are nothing but a plant to blog and discredit a great man. Herman Cain Supports REAL solutions and REAL plans to bring “Made in America” back to the promise of real and lasting jobs in America. By the way the FairTax Act HR25/S13 of which Herman Cain supports will have a hearing in the Ways and Means Committee July 26th (today)at 10:00am and I hope to see it on C-SPAN but I won’t hold my breath. Historic movings for the FairTax so check it out!
HERMAN CAIN WE NEED MANY MORE LIKE YOU AND YOU HAVE MY VOTE. WE NEED TO SAVE THIS COUNTRY. HOWEVER WE DO NEED TO AUDIT THE FEDS, INFACT THEY NEED TO GO ALONG WITH THE MIF AND THE UNITED NATIONS. THINK YOU CAN MAKE THAT HAPPEN.
As President, my plan would have produced a budget that was cut, capped and balanced – not one that opens the door to higher taxes.
why I have quit voting – not one leader in either party – in fact most are completely crazy – no ideas and dumba$$ voters who keep sending the same losers to DC year after year.
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Herman Cain Thank you Sir ! you are a very decent leader, the kind we need in USA now, Barack Hussein only want to build the new Socialist Society, and HE knows that
Current economic conditions call for bold moves to boost and supercharge this economy. If we are in an economic recovery as the administration claims, this economy is still 6 million jobs below the worst recovery since the Great Depression. The latest evidence shows that we are still in economic decline.
Current economic conditions call for bold moves to boost and supercharge this economy. If we are in an economic recovery as the administration claims, this economy is still 6 million jobs below the worst recovery since the Great Depression.
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