Was Debt Ceiling Deal Good Or Bad?
by Big Dog on Aug 16, 2011 at 09:07 Political
The debt ceiling deal that the Congress passed a few weeks ago allegedly averted disaster and stopped the world from coming to an end. At least this is what they would have us believe given all the hype leading up to the final passage. Obama was presented with a bill that would have cut 4 trillion dollars which would have saved our credit rating but he decided that he did not like that and allowed his Senate Democrats to negotiate a lesser deal which resulted in our credit rating being downgraded. The reaction from the left and from establishment Republicans is that the TEA Party got what it wanted but the deal is not what the TEA Party wanted (the TEA Party wanted cut, cap, and balance) but the liberals and establishent Republicans needed someone to blame.
So blame they did and they tried to pin it all on the TEA Party. It was a bad deal, our credit got downgraded, how terrible this is. It is all the TEA Party’s fault!!
But now the Obama regime is sending Gaffe O-Matic Joe Bite Me Biden to China and Japan to sell this wonderful deal.
Vice President Biden will tout the debt ceiling deal during a trip to China and Japan, two holders of huge amounts of U.S. debt.
Biden will travel to top lender China on Wednesday and to Japan, the second-biggest holder of U.S. bonds, on Aug. 22.
The vice president “will be in a good position to talk about the very strong deficit package that we concluded here recently,” Undersecterary of the Treasury Lael Brainard told reporters Monday in comments previewing the vice president’s visit. The Hill [emphasis mine]
Now was the deficit package strong or was it a tragedy that resulted in our downgrade? To hear the Democrats talk after the downgrade one would think it was the worst deal ever to come from DC (I think it was a terrible deal) and of course they started calling this the TEA Party downgrade. So they send Bite Me Biden to China with his hat in his hand to tell the Chinese how great this deal is. Please China, lend us more money so we can pay you the interest we owe you with it. Please, lend us money so we can pay our bills. Please lend us money so Barack the Magnificent can lead on in this world. He was able to avert disaster and stop a second Great Depression with your money and he needs more to keep up the good work!!!
So what is the deal here? How do Democrats really feel? Was the deal terrible and resulted in a TEA Party downgrade or is it great and China should love it and lend us more money?
The article goes into detail to say that Barack the magnificent wanted more cuts but could not get them so he had to start with this very good deal but that is a lie. Obama was presented with cuts that were in the neighborhood he allegedly wanted and he ignored them.
All that aside, the Democrats can’t have it both ways. Either it was bad and they blame the TEA Party or it was good and China needs to like it. And if it is good then they need to give the TEA Party credit.
For the record, I only think the TEA Party gets credit for good because the Democrats blamed them for the bad. My personal feeling is that the deal was bad, it was because of Democrats and establishent Republicans that it was passed (most TEA Party members in Congress voted against) and it was because of them we had the downgrade.
But if it was a crap sandwich when we got our downgrade then it is one now and China should know that.
No matter how much Obama and Biden try to convince them it is only peas…
Cave Canem!
Never surrender, never submit.
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Tags: biden, china, debt deal, great, Obama
It is the dem’s Downgrade. This is because, while the Republicans actually worked, did their job, and passed not one, not two, but three versions (Ryan Budget, Cut, Cap, And Balance bill, and of course, what we have now, the Great Boehner Compromise), the dummy Dems did NOTHING- NOTHING at all.
Instead, Hairy Reid just used the bills to prop up a table leg, or whatever it is he does with bills he doesn’t like, instead of having the guts to actually vote on these bills.
Now that is the very definition of cowardly.
All the TEA Party did was keep their word, and for that, they are called “terrorists”, “hostage-takers”, and other vile stuff, when the problem actually came from the left.