PRESIDENT BARACK OBAMA’S National Debt Crisis

President Barack Obama’s ‘’ National Debt Crisis ‘’

President Barack Obama’s ‘’ National Debt Crisis ‘’ has been on display all week since the President made remarks in his address to the nation on July 25,2011.The House of Representatives have approved a ‘’Cut, Cap and Balance ‘’bill that was sent to the Senate on July 19,2011. Senator Reid made a procedural move and the bill was tabled without getting to the Senate floor for a vote. Senator Durbin adjourned the Senate until Monday, July 25,2001

The House began working on revising their own bill, essentially negotiating with themselves, in order to accommodate changes that President Obama and the Senate requested. Speaker Boehner had difficulty getting the necessary votes to approve the Debt Reduction Bill to satisfy some Republican members. On Friday, July 29,2011, a vote was taken to approve the bill after revisions were made. The bill passed with a 218 yea vote. President Obama stated that he would not sign the House bill. Senator Harry Reid said that the bill would be dead on arrival in the Senate.

On Friday, the Senate produced the Reid Debt Reduction Bill. The immediate reaction to Senator Reid’s bill in the House was that the House would vote not to approve the bill. In the Senate , Senators predicted that Reid’s Bill would not pass. The 2nd approved House’s bill was sent to the Senate and it too was tabled. Tabling the 2 house bills did not allow elected representatives of the Senate to do their job of voting on legislation.

On Saturday, July 30,2011 the Senators voted on the Reid Bill shortly after tabling the House bill. The Reid Bill didn’t receive the necessary votes to pass, the vote was 58-42, 60 votes were required to pass. On Sunday July 31,2011, the Senate will bring the Reid bill back to the floor and the Senate will vote.

Watching the events on C-Span and other Cable Channels, truly one must wonder how our Congress ever can get anything accomplished. Back and forth negotiations between President Obama ,the Democrat leadership and the Republican leadership on arriving at a solution to raising the national debt limits prior to Aug 2,2011 appears to be like a three ring circus.

The President once said that he will bring transparency to his administration and the Whitehouse, somehow it doesn’t appear to be what we are witnessing.The innuendos of what was said and agreed to between the parties become accusations of each entity as to what was agreed to in the closed door negotiations.

President Obama and the Democrats want to raise the National Debt limits $2.5 trillion to pay future bills. They are agreeable to cuts(no plan is presently on the table) in spending. The Democrats will not agree to an amendment to the Constitution for a ‘’ balanced budget amendment ‘’. The Reid bill assumes a savings in the bill by ending the wars in Afghanistan and Iraq but no mention of the cost of the Libyan conflict or other spending liabilities in the world economies. The Republicans pointed out the phony math in the Reid bill assuming that the bill will be defeated when brought to the Senate floor.

The Democrat’s argument is that the government needs to increase revenue, tax the rich, remove tax loop holes of business and remove $4 billion of subsidies from the oil companies who are again making record profits. No mention was made of removing the $6.5 billion subsidies for the alternate energy industry. One must try to understand what profits really mean to the taxpayer. A percentage of the profits ( 40% ) go to the US Treasury ( the taxpayers ), profits mean a company can invest in equipment and the labor ( jobs) to use the equipment. The Obama Administration actions have virtually shut down oil production in the Gulf and Alaska with new regulations and the refusal to speed up the necessary permits. The cost to the economy is the loss of 100,000 jobs.

The Republicans state that excess spending , government waste and the size of government are the problems. Higher taxes is not the solution, more taxpayers is the solution. The economy and jobs are Republican goals in solving the deficits and National Debt. The House Republicans have approved a 2012 budget, passed Cut, Cap and Balance Bill and a second bill to resolve the budget deficit and the national debt limits discussions. It appears that members elected in both Houses of Congress by the tea party group are holding their positions of not increasing spending and of the government cutting waste and costs.

After watching the events of the past weeks, it is evident that each party has an ideology of its own. The ideologies clash and rightfully so because each has it’s own goals and desires to provide for the citizens. The outcome can be good when they debate , negotiate in good faith and can agree to a common good. In the end, we must always remember that the members of the three ring circus will eventually need to agree at some point so that a law can be made constitutional.

The events of the past months is truly a show of how our government is not supposed to work. The US Constitution has been the foundation of our government for the past 200+ years. The checks and balances in our government in most cases will produce good results. The end result is that majority rules and in some cases the minority also has power in deciding law and legislation.

It is shameful that some members of our government have ignored the oath of office in the performance of their duties. Those members are the cancer of our society, the corruption of our government and should be removed from office. Our government is corrupt when the laws of the land are not enforced by those who have been given the responsibility to enforce those laws to the fullest extent of the law. CONGRESS remaining silent and not telling the American people the Truth is a travesty

To be continued:

Your Author Jon Ewall

http://jon-ewall.hubpages.com/_ph9ejsxunalx/

Jon's website http://www.chicagoconsultant.com/page1.php

Your author is a online marketing consultant of products offered on the internet. Jon’s website blog contains a variety of interesting subjects and articles that he has written



Comments 23 comments

Wayne Brown profile image

Wayne Brown 5 years ago from Texas

This issue is probably not worthy of what it has exposed to the American voting public with regard to the functionalit of their government. This entire issue is argued on the basis of producing 29 billions in debt service out of the federal revenue stream...that amount of money is normally considered "chicken feed" in Washington today by either party. The debt ceiling is not the issue. The issue is out of control spending which Obama the left propose to continue with only lip service to spending controls by "promising the keep the spending for the future below levels of that experiences in the past". I am not defending the right side of the aisle by any means because they are splintered...one group wants to go along and get along and the Tea Party crowd thinks that we can totally change the world on the basis of 29 billion dollars. What happened to common sense and reasoning? How stupid can we be as an American public that we would allow any of these people to represent us as taxpayers? What a wonderful time in history to have a President who is a "magna cum laude" graduate of Harvard Law School according to rumor and he cannot find a way to lead on an issue that encompasses 29 billion dollars of a federal spending spree that produces an annual spending deficit of 1.5 trillion dollars. Pleazzzzzze! This government is spending one dollar of discretionary spending for every dollar we spent on defense and no one can find a way to pay 29 billion in debt service...don't piss down my back and tell me that it is raining. WB


JON EWALL profile image

JON EWALL 5 years ago from usa Author

HUBBERS

Senator Coburn commented on the House's cap, cut and balance bill submitted to the Senate. The Senator made a presentation of all the waste in our government pointing out that the house bill if allowed to debate on the Senate floor could have been the solution to the debt crisis.

See COBURN REPORT

WASTE IN the US GOVERNMENT

http://www.youtube.com/watch?v=3tVJ2gqqKWs


Gawth profile image

Gawth 5 years ago from Millboro, Virginia

The members of Congress say we "can't kick the can down the road". I tip my hat to the conservatives who made enough noise to bring out of-control-spending center stage. In truth, a lot more Congressional cans need to be kicked into the street.

The presidential can needs to be replaced immediately. He has made mostly lousey appointments to cabinet and Czar (hate the title and the concept) positions. The appointees in turn have wrecked and undermined security, energy and the American economy.

I believe in our nation's capitol, misdirection is a primary tool. A lot of this is to get us not to look closely at the criminal actions carried out by the the ATF, probably with the blessing of the Director of the Department of Justice.

I also must wonder if we are giving the banking industry one more "bennie". Who benfits most when interest rates rise? It's now almost a given that our credit worthiness will be downgraded whether the debt limit is raised or not.

We really need some tall presidential timber choices in 2012. At this point I see mostly sapplings.

Nice piece Jon and I appreciated Wayne Brown's insights as well.


The Frog Prince profile image

The Frog Prince 5 years ago from Arlington, TX

I'm a Cut, Cap & Balance guy Jon. Until we hold these idiots to fiscal responsibility, they will never walk the walk.

The Frog


Harvey Stelman profile image

Harvey Stelman 5 years ago from Illinois

Jon, I hate to say this, I'm becoming apathetic to the whole thing. It seems a few people have commented on your Hub with more knowledge than our elected officals.

Obama doesn't understand anything to do with anything. The only thing our #1 guy is good for is reading, but he doesn't understand or remember what he reads.

How did this guy get to Columbia and Harvard. Forgot, his grades are sealed. What did he teach at the Univ. of Chicago, those poor students.

He can't vote present now, so he's confused. H


sheila b. profile image

sheila b. 5 years ago

Let's hope this will bring intelligent people to the polls in 2012.


JON EWALL profile image

JON EWALL 5 years ago from usa Author

Hubbers

Thank you for all your comments.

On Aug 3,2011, President Obama urged Congress to approve the FAA budget that expired putting government employees on furlough. The facts are that Congress is composed of the Senate and the House of Representatives. Obama is calling for the Republicans and Democrats to come back to Washington and approve the FAA bill. The fact is that the House has already approved the BILL and sent it to the Senate where Senator Reid did not take up the bill. Apparently the Senate needs to get back to work and take care of business. President Obama NEEDS TO BE MORE ACCURATE IN HIS STATEMENTS.

Shortly therafter he left for to attend a FUNDRAISER and his birthday party celebration in CHICAGO.

Don't look like any government related business. How about the IRS looking into this trip and making sure he or the Dem party pays. The taxpayers are broke Mr President!


JON EWALL profile image

JON EWALL 5 years ago from usa Author

hubbers

A wakeup call!

Aug 7,2011 Standard and Poor's reduced the US Government’s credit rating to AA+ from AAA.

Obama and Secretary Geithner claim that the decision to lower the rating should not have happened. Sounds like Senator Coburn's warnings went over Senator Reid’s and company‘s head.

The Senate has yet to produce a 2012 budget as yet. The 2012 budget year starts Oct. 1,2012, the House passed a 2012 budget in Feb.


wba108@yahoo.com profile image

wba108@yahoo.com 5 years ago from upstate, NY

Hi Jon, great info and voted up! It's disingenious of the Democrats not to at least agree to a balanced budget amendment and proposing to raise taxes on the rich is pure politics because there's no proof it works! Cut, Cap and Balance seemed like the only sane plan. Thanks again for these awesome insights!- WBA


JON EWALL profile image

JON EWALL 4 years ago from usa Author

hubbers

Congress has passed an extension of the payroll tax cut and long-term jobless benefits, handing to President Obama one of his election-year PRIORITIES despite widespread concerns about the bill's DEFICT implications. For the 2012 election, Barak Obama wants legislation to be ‘’FAIR’’, REALLY!

Read more: http://www.foxnews.com/politics/2012/02/17/house-a...

Today Feb. 17,2012, the Republican house voted to pass a 1 year extension to the Obama pay-roll tax credit for 160 million working Americans. The Senate followed within minutes approved the measure 60-36.Republicans GAVE UP on their demands that the tax cuts BE PAID FOR. According to the Congressional Budget Office, the package will INCREASE the budget deficit by $126 billion over the next five years.

"I cannot and I will not support legislation that extends the payroll tax holiday WITHOUT PAYING for it," said Rep. Phil Gingrey, R-Ga. "This will add $100 billion to the deficit and it will create an even greater shortfall within the Social Security trust fund that already has over $100 billion SHORTFALL just in the last two years."

ON 2/13/10 President Obama signed PAY-GO legislation that require new spending to be offset with budgeted cuts. The legislation pushed thru by the President and a Democrat super majority Congress required all new spending to be deficit neutral.

http://www.politico.com/news/stories/0210/32921.ht...

The end result of passing the bill without reducing spending, as required by the pay-go law, will be at the expense of the American taxpayer. The funds to supplement the social security trust fund will be borrowed and increase the National Debt. At a congressional hearing today, a Congressman stated that the actual unfunded liabilities of our government is $96 TRILLION, parts of which is Medicare, Social Security, government Pensions and other non mentionables.

WE HAVE A CORRUPT GOVERNMENT! President Lincoln once said, ‘’ To remain silent is to be a coward ‘’. Senator Coburn needs support. The Senator Coburn report '' WASTE IN GOVERNMENT'' fellow Americans there are many places to cut spending!

http://coburn.senate.gov/public/index.cfm/rightnow...


magnoliazz profile image

magnoliazz 4 years ago from Wisconsin

Hi Jon, you relly know what is going on in Washington. While I am interesting in many topics, politics is not really one of them, and I realize that has to change.

I am fed up with both parties, however, I doubt that anything replacing them would be any better. Power is a corrupting factor indeed. I think they go to washington with the best of intentions , but once they get there , things change.

Human nature.


JON EWALL profile image

JON EWALL 4 years ago from usa Author

magnoliazz

8/21/12, an update

The Republican House has passed 2 budgets since taking a majority control of the House. Congressman Ryan budgets , '' Cut, Cap and Balance '' was sent to the Senate. Senator Reid did not allow a vote on the budget although a vote to discuss the budget was voted down by the Democrat majority Senate.

The 2012 election campaign has begun with the selection of Congressman Ryan as the Republican Vice President nominee for the Republican party. The Romney Ryan ticket is running on platform of providing jobs, fixing the economy and a plan to make Medicare solvent for future generations. Congressman Ryan said in acceptance speech ’’ we will tell you the truth’’ was an interesting highlight of his speech. In order to clarify the misinformation about the Ryan plan by the other party, check these links.

June3.2011

Ryan and Van Hollen Debate Medicare Proposals 6/3/11 '' THE TRUTH ''

http://foxnewsinsider.com/2011/06/03/ryan-and-van-...

Rep. Paul Ryan defends GOP budget plan

http://www.foxnews.com/v/1529380822001/rep-paul-ht...


JON EWALL profile image

JON EWALL 3 years ago from usa Author

Hubbers

12/29/12, Congress is in session attempting to work out a solution to the '' fiscal cliff'' coming in Jan 2013. The solutions are simple, cut waste and follow PAY-GO LAW. FISCAL CLIFF, why? 2/13/10 Pay Go Law was a guide to future spending and taxing. In simple idea it meant no more deficit spending. In the last 3+ years the government has added $ 5.6 trillion to the national debt. Whoever is running our government is breaking the law. Is the government above the law?

The President lied?

http://chicagoconsultant.com/page2.php?category=2&...

Senator Coburn reports 9 million ways to balance the budget CUT WASTE

http://www.youtube.com/watch?v=3tVJ2gqqKWs

The President has a plan, the plan does not meet PAY-GO law.

President Obama’s Fiscal Cliff Plan “Balance” not true

http://www.speaker.gov/general/president-obama-s-f...

The Democrats want more revenue, by raising taxes on millionaires. The Republicans have devised a plan to raise revenue without raising taxes on any groups.

Jobs jobs would be a quick fix to the government's need for revenue. Sounds like a good start after 4 years of promises. The House passed 39 Jobs bills and have sent them to the Senate for Legislative action .

Obama or Reid telling the truth?

http://www.majorityleader.gov/JobsTracker/

Who is to blame for the inability of our elected officials to work for the common good of the people. The people who cast a vote to elect members of Congress and the President have to accept the blame? Our elected officials need a wake up call by letting them know we are still around.


JON EWALL profile image

JON EWALL 3 years ago from usa Author

The facts are that Obama isn't who he proclaims to be as by his actions. A previous hub states what Obama promised to do and be if elected. Obama gets an ''f''.

1.To bring back the jobs lost in 2007 and 2008. In 2009

2.To fix the economic problems by passing the $787 billion Tarp

3.To have fiscal responsibility and control spending,

4.To rid Washington of lobbyist and special interest groups.

6.To have an open transparent government and to allow C-Span

7 To close Gitmo last year.

8.To end the Iraq and Afghanistan wars

9.To give 95% of the people a tax break and not to tax anyone below $250,000

11. To reduce the deficit by 50% in his first term.

12/30/12, The President promised to not tax anyone below %250,000. Please understand and get by the propaganda of the day.

The Bush tax cuts were in 2001 and 2003, today they are tax rates. If Congress votes to allow the tax rates to expire, there will be a tax increase on everyone not a tax cut.

Falling Over the Fiscal Cliff comparable taxes

http://online.wsj.com/article/SB100014241278873247...

Study Questions Tax Breaks’ Effect on Retirement Savings

http://economix.blogs.nytimes.com/2012/11/25/study...

2/13/10 Pay Go Law

The President lied?

http://chicagoconsultant.com/page2.php?category=2&...

The President was elected to an office just as many others in our government. The people have finished their job and have nothing to do with legislation now. The US Constitution is the guide for elected officials, need I mention the oath of office. The President has broken his promises on many occasions prior to the debate on the ‘’fiscal cliff’. Presidents don’t make legislation, Congress makes legislation. After Congress passes legislation, legislation becomes law after the President signs the legislation.

Obama signed PAY-GO into law in 2010.The Senate needs to follow the law. The House has passed a bill to resolve the fiscal cliff.

’Cut, Cap and Balance ‘’bill that was sent to the Senate on July 19,2011.


Gawth profile image

Gawth 3 years ago from Millboro, Virginia

I guess anyone who considers himself to have a "mandate" when he was elected by less than a three percent margin in the popular vote, can't really be expected to know how to balance a budget, or control and reduce federal spending.

By the way the daughter-in-law of a friend works for the IRS and has been pressed into a job as a training instructor. She told her father-in-law the IRS has 17,000 new agents, mostly to enforce taxes on the new healthcare law. Happy 2013! Write on, Jon. Great job!


JON EWALL profile image

JON EWALL 3 years ago from usa Author

Gawth

The only mandate he received from the majority vote was that Obama can stay in the whitehouse another 4 years.

12/31/12 A Fox News flash. VP Biden meeting with Democrat Senators behind closed doors. Will the so-called deal meet with PAY-GO LAW and the House? My guess, just another short time extension and nothing resolved until the 113th Congress is sworn into office.The simple solution is to cut waste and follow PAY-GO LAW.

? 2/13/10 Pay Go Law

The President lied?

http://chicagoconsultant.com/page2.php?category=2&...

Will the news media report?

Senator Coburn reports 9 million ways to balance the budget CUT WASTE

http://www.youtube.com/watch?v=3tVJ2gqqKWs


JON EWALL profile image

JON EWALL 3 years ago from usa Author

Hubbers

Another win for the President, the fiscal cliff bill was passed to avoid a tax increase on Jan. 2,2013. Pay Go Law was not adhered to in the bill. I twittered, Round 1 new taxes, round 2 spending cuts, all deficit neutral? Obama broken promises. President lied? PAY-GO LAW http://chicagoconsultant.com/page2.php?category=2&...

Full of special interest tax breaks All told, the fiscal cliff law designed to reduce the deficit, added $74 billion in spending through changes in the tax law.

Last night, Congress just added $70 billion worth of new loopholes. Actualy according to a CBO report, taxes are 41 to1 on the cuts. WHERE ARE THE CUTS?

Check this link

12/19/12

President Obama’s Fiscal Cliff Plan “Balance” not true

http://www.speaker.gov/general/president-obama-s-f...

The battle moves on to the 113th Congress.

To be continued


JON EWALL profile image

JON EWALL 3 years ago from usa Author

Hubbers

2/21/13, President Obama spoke with Speaker Boehner and Senator McConnell regarding the budgets cuts in the Sequestration law. The President blaming the Republicans again is distorting the facts. The President needs to talk with Senate leader Harry Reid since the Senate has obstructed the passage of jobs bills passed by the Republican house.

July,25,2011

PRESIDENT BARACK OBAMA’S National Debt Crisis ‘’Cut, Cap and Balance ‘

http://hubpages.com/politics/PRESIDENTBARACKOBAMA-...

House of Representatives have approved a ‘’Cut, Cap and Balance ‘’bill that was sent to the Senate on July 19,2011 Senate Democrats disallows any actions on bills

A solution to Sequestration

Fox News is showing past and present tapes of President Obama speeches regarding Sequestration. In Nov. 2011, President Obama said that he will veto any law to stop Sequestration SEQUESTRATION LAW WAS SIGNED BY THE PRESIDENT. Today, President Obama is blaming the Republicans for sequestration. In all his press conferences he never has mention the Senate’s refusal to move the House bills or mentioned how to get the job market moving.

Congress is still waiting for the President‘s budget due on 2/5/13. Just another delay , another crisis on the horizon.

A simple solution, CUT WASTE in government first and follow law..

Senator Coburn reports 9 million ways to balance the budget CUT WASTE

http://www.youtube.com/watch?v=3tVJ2gqqKWs $9 trillion WASTE

Barak Obama Campaign Promises

.http://hubpages.com/politics/barakobamacampaignpro...

lies or truth? PAY GO

http://chicagoconsultant.com/page2.php?category=2&...

The House passed their 2012 budget in Feb as require by House rules.

Where are the jobs? Check this site. http://majorityleader.gov/JobsTracker/

GOVERNMENT WASTE, the past 5 years, the Social Security Trust fund has paid $400 billion to dead federal employees.

12/01/11

Senate Democrats Vote No To Extend The Payroll Tax Deduction

http://hubpages.com/hubtool/edit/2851288

http://blog.heritage.org/2012/07/18/ernst-and-youn...

THE MAINSTREAM MEDIA is not reporting the true facts as the President distorts the truth.

The President has been disingenuous when he doesn’t mention the Democrat Senate’s roll in holding up House Bills.

To be cont.


JON EWALL profile image

JON EWALL 3 years ago from usa Author

Hubbers

4/26/13 AN UPDATE the budget battle is in progress.

1/11/13 Obama State of the Union Refocuses Agenda on Jobs

http://abcnews.go.com/Politics/OTUS/state-union-ob...

President Obama’s Fiscal Cliff Plan “Balance” not true

http://www.speaker.gov/general/president-obama-s-f...

2/25/13 Sequester - The Three Things you need to know

http://www.gop.gov/sequester/

President Obama Proposed the Sequester

3/21/13

House and Senate budget proposals compare?

http://bigstory.ap.org/article/how-do-house-and-se...

Senate Democratic and House Republican budget proposals.

4/18/13

Bowles and Simpson offer a modified budget plan

http://www.cbsnews.com/8301-250_162-57580377/bowle...

12 April 2013 10:33

Obama's 2014 Budget Proposal

http://www.thenewamerican.com/usnews/item/15094-ob...


JON EWALL profile image

JON EWALL 3 years ago from usa Author

hubbers

3/16/13

Paul Ryan, R- Wis., details the GOP plan BUDGET

http://www.kmbz.com/GOP-Weekly-Address-Rep-Paul-Ry...

3/22/13

3/12/13 27 MIN

House Budget Committee

http://www.c-spanvideo.org/program/311444-1

would balance the federal budget over 10 years

SENATE BUDGET DEBATE

http://www.c-span.org/Live-Video/C-SPAN2/

Amendment votes

Mar 23 2013

Senate Passes Pro-Growth Budget Plan

http://budget.senate.gov/democratic/index.cfm/pres...


JON EWALL profile image

JON EWALL 2 years ago from usa Author

Hubbers

9/9/14 there is no 2015 budgets approved as yet. Fiscal 2015 year begins Oct 1, 2014, another crisis in the works, sad to say. 12/17/13 A Plan For Jobs & Economic Growth http://www.speaker.gov/jobs

2011 President Barak Obama where are the jobs? http://hubpages.com/politics/PresidentBarakObamawh...


junko profile image

junko 23 months ago

The debt crisis that faced Obama upon his election as President of The United States of America was cause by decisions made by the Bush-Cheney Presidency.The Decision to fight two wars at the same time while giving tax cut to those that didn't need tax cuts while tax revenue was needed to fight on two fronts help caused the debt crisis. Bush also had a healthcare plan that he passed that helped Prescription Drug Manufacturers and protected them from lower drug prices outside of America. The Wall Street Bail Out was also put on the Bush-Cheney Credit Card along with the healthcare bill and two wars. The Debt crisis blamed on The President and Democrats by TeaParty Republicans is the big lie feed to the ill-informed republican base. The Debt Crisis and the race card is and was a ploy used to defund and derail the Presidency of the first non-white male President. This is my opinion and may or may not be facts.


JON EWALL profile image

JON EWALL 23 months ago from usa Author

Junko

A little short on facts. The last 2 years of the BushPresidency was controlled by the Democrat majority Congress. The tea party members are no different than the Democrat Blue dogs.Both are good for both patries.to be continued

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