CANTOR’S (NOT COOGAN’S)BLUFF

Voters in D.C. City!
Heed the warning before it’s too late!
Watch for the tell-tale sign of corruption!
The moment your Rep enters the House,
Does he put his constituents on their knees?
Is there a bribery stain on his index finger?
A lobbyist hidden in the cloak room?
Is he starting to memorize jokes from the White House Correspondents Dinner?

Are certain words creeping into his conversation?
Words like ‘slash?”
And ‘bipartisan?”
Well, if so my friends,
Ya got trouble,
Right here in D.C. City!
With a capital “T”
And that rhymes with “B”
And that stands for Budget.
We’ve surely got trouble!
Right here in River City!
Remember Iraq, Medicare and the No Fly Zone!
Oh, we’ve got trouble.
We’re in terrible, terrible trouble.
That game with the fifteen trillion debt is a devil’s tool!
Oh yes we got trouble, trouble, trouble!
With a “T”! Gotta rhyme it with “B”!
And that stands for Budget!!!

With apologies to Meredith Willson and Robert Preston.

Yes, we got trouble. How can you avoid knowing that? The Budget! The Federal Budget!

It is on the lips of all.

Standard and Poors wants to downgrade the credit rating of The United States of America! Can you believe that? The same company that gave high ratings to all the investment schemes that brought on our Real Estate crisis?

Perhaps we need to check our nation’s credit rating by going through FreeCreditReport.com. Surely there must be mistaken information that needs to be corrected. I mean I know we don’t have any charge-offs or bankruptcies. We always pay the interest on our debts that other countries and our own citizens have never failed to extend to us.

I mean what’s $15 trillion in debt when you can just crank up the printing presses for a few days and churn out as many greenbacks as needed to satisfy any demand for payment. Try that when you get an overdue notice from VISA and see what happens!

Ah!! But the reckoning is fast approaching. Congress is serious about balancing the budget and beginning to pay down our debt.

The White House is serious about balancing the budget and beginning to pay down our debt.

Congressman Paul Ryan of Wisconsin has even introduced a plan that will bring about this desired outcome, even if it does sentence future seniors to unaffordable health care and cuts taxes for the rich who need that just about as much as Donald Trump, Newt Gingrich, and Rudy Giuliani need to get married a fourth time simply to keep up with Rush Limbaugh.

House Majority Leader Eric Cantor said the GOP would not approve an increase in the debt ceiling without major spending cuts or a change in the budget process. Those close to Cantor say that he doesn’t want the nation to default, but rather seeks to make it clear that the GOP won’t be satisfied with small concessions.

http://slatest.slate.com/id/2291778/?v=1#3

Let us call that just what it is…Cantor’s Bluff.

There is nothing, absolutely no way to avoid running a deficit for the foreseeable future. Even if you accept that Paul Ryan has a miracle plan, albeit  an extremely difficult to implement one, that will eliminate deficits and eradicate the national debt.

Okay, so let’s take the tough approach, bite the bullet, and accept Cantor’s challenge by adopting Ryan’s budget proposal, right?

You fool. Careful analysis of Ryan’s “roadmap” reveals it does anything but balance the budget…at least not until most of us are dead .

Thanks to House budget chief Paul Ryan, it’s possible to measure the size of this fraud. And it’s colossal,” Miller wrote. “As can never be said often enough, Ryan is absurdly hailed as a fiscal ‘conservative’ for a ‘roadmap’ that doesn’t balance the budget until the 2060s and that adds an unthinkable $62 trillion to the national debt between now and then.”        

That’s a claim two months ago by Matt Miller in The Washington Post. Politifact examined Miller’s claim and rated it mostly true.

http://politifact.com/truth-o-meter/statements/2011/mar/03/matt-miller/matt-miller-blasts-deficit-debt-implications-paul-/

So you see, it’s all a sham. Cantor is trying to use his supposed leverage to get spending concessions from the White House and Congressional Democrats on the fear of the federal debt limit not being extended. As you can easily see, there’ no way the debt limit does not have to be raised even if Ryan’s budget is the best of all possible worlds. And it is not.

So I say call Cantor’s bluff. After all, he’s no Clint Eastwood arriving from the Southwest to save New York City. Send him home having neither captured nor killed the fugitive he is pursuing.

Oh…and as for Ryan?…Nah…I wouldn’t buy a budget plan or a used car from him.

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