It’s been incredibly frustrating to me to watch the events surrounding the debt ceiling increase unfold with increased federal revenue seemingly Obama’s one and only reason for involvement in the debate. Incredibly, this seemingly nonsensical demand of a piece of legislation billed as a means by which to cut federal spending has been questioned by no one! Not once has the president been asked to give an account of what he intends to do with the hundreds of billions or even trillions in additional revenue he demanded nearly to the end. I find this unacceptable and a sign of widespread incompetence in Washington; as if you needed further proof. This entire issue could have been long forgotten by now had someone, anyone had the presence of mind to question and publicize the president’s motives and publicly delegitimize his demands.
Now that we’ve run out of time for any hopeful second termer to continue playing political games, Obama seems willing to sign a deal without the tax increases. For the time being at least we can breathe easy knowing that Obama has once again saved the world from economic collapse and this time it’s not going to cost Obama’s “enemies” further economic stress.
Make no mistake America, Obama’s objectives in “solving the debt ceiling crisis” had nothing to do with the nation’s debt ceiling and it doesn’t appear they will be met by the bill that will raise the debt ceiling. Therefore, the “crisis” is not over. It will continue into September’s appropriations proceedings where the American people will be threatened with government shutdown all over again, and on and on until Obama either has the “federal revenue” he needs to move his massively expensive agenda forward in his second term, or America is spared a second term of Obamanomics.
Obama is speaking as I type, giving his take on the agreement that will be voted on tomorrow and telling us all “this is not over” and he still believes “the wealthy need to pay their fair share”. He stated he would continue to try to convince lawmakers that his “balanced” approach, ie: increased taxes, is necessary.
This isn’t over by a long shot. It won’t be over while Obama is in office as long as a single American is in possession of money Obama thinks he can make better use of.