Morning News Nuggets

National Security/Foreign Policy

• Why is the Media Not Discussing Obama's Misread of "Egyptian Spring?"
• Ben Stein: No "Arab Spring"
• Gates: Seal Team 6 Fears Safety After Role in UBL Raid Revealed

On the Home Front

• US Reaches Debt Limit
• Gallup: Obama's Polling Numbers Fall
• Floodgates Opened on Mississippi River
• McDonald's Changes Ordering System
• Gingrich Slams GOP Medicare Plan
• Republicans Slam Gingrich
• Liberal Journalist: Obama Could Take Over Corporations Now

Dick Morris: How We Can Win The Debt Limit Debate

 

Let's face it, we lost the debate over the continuing resolution. Even if you thought it was pretty good, you have to admit that we didn't force anywhere near the level of cuts that were needed.

The Democrats held the pay for our troops hostage and forced Boehner and the Republicans to cave to avoid not paying the troops and supposedly shutting down the government. They are up to a similar trick on the debt limit debate as well.

The Democratic argument on the debt limit is akin to saying that the full faith and credit of the United States will be irreparably damaged by not raising the debt limit. They seem to think that by not raising the debt limiting we are choosing not to pay our debt. This doesn't have to be the case.

The same way that we could have paid the troops and still cut significant amounts of money in the continuing resolution, we can pay our creditors and and still not raise the debt ceiling. All that needs to be done is to pass a law saying that our creditors will be paid first--before anything else. In this way, we will meet our financial obligations by paying our creditors. Secondly, it will force significant cuts to occur in the budget. This is exactly what we want and need in order to ensure that our children and grandchildren inherit an America that is as good or better than the one we have loved.

So, watch Dick Morris discuss his strategy, and vote in the new poll which will be posted shortly!

News Update: Grover Norquist on Debt Limit Debate

If you thought the healthcare debate was intense, you haven't seen anything yet. The debate over increasing the debt ceiling is potentially the most important and biggest debate we have seen yet.

President Obama has released some of his ideas on lowering the deficit. Of course, he and the Democrats have the same old ideas that liberal have always had--tax and spend. The Obama administration wants to eliminate tax credits, raise taxes, and that's pretty much it.

As far as eliminating tax credits is concerned, don't be fooled by the Democrat's "hard-line stance" against "Big Oil." The credits they really want to eliminate go to small companies who drill exploratory wells looking for new sources of oil. As Mark Levin explained on his program last night, these tax credits were put in place for the express purpose of encouraging businessmen to take risks to find new sources of energy. 

Why would Congress do such a thing? Let's put it this way, it is an economic fact that the greater the supply of oil, the lower the price paid at the pump. So, Congress offered these tax incentives as a way to encourage individuals to increase the oil supply and, in turn, lower prices paid by consumers.

I guess the president and his Democratic colleagues aren't really doing anything that disappoints them. Certainly, they know the facts of simple economics. Simple economics and low gas prices for the American people isn't their primary concern. Instead, it is pursuing policies that punish America's success and redistributes wealth to other countries. For an example, think cap and trade. Also, recall that Obama said that under his plan energy prices would "necessarily skyrocket." 

Whatever their intentions, it is safe to say that the Democrats are totally unwilling to give up their government largesse in order to reign in spending. In fact, this has been their whole plan all along--to greatly increase the size of government through ballooning bureaucracy and spending.

As Norquist, President of Americans for Tax Reform, points out, Republicans better hold the line on raising the debt ceiling. Normally, people say such things in relation to holding the line so one can be reelected. In this instance, the GOP should have more in mind that simply being reelected. They must keep in mind that we are in a fight for our future. Our debt and spending habits are simply unsustainable and must be controlled.

Now is the time for the fight! Draw a line in the sand and stand firm! 

Hilarity of the Day: Treasury Department's Plan to Lower Budget Deficit

Treasury Department Issues Emergency Recall Of All U.S. Dollars

In yesterday's "Hilarity of the Day" segment, we saw President Obama's plan to lower the budget deficit and national debt--some combination of card counting and befriending a rich elderly widow. You might find those plans to be far fetched. If so, you're really going to be blow away by the Treasury Department's latest plan.

I hope you got your bags in the mail to send all your money to the Treasury Department! If you haven't, you should check in to it! All of the ink in your money will become poisonous on Friday. Don't worry, the Treasury Department has a solution--it is recalling the entire money supply. That, of course, is why they sent you the money bag.

If you thought you could just destroy the poisonous money yourself, you better think again. The Treasury Department spokesman has warned that only the government is able to undertake this task. Also, he assures the American people that this recall is not at all related to the ever increasing deficit and national debt. 

There are no other options; they've considered others and recalling the entire money supply is the only way!

Enjoy!

Hilarity of the Day: Obama's Real Plans to Lower the National Debt

Obama Befriends Rich Elderly Widow In Hopes She'll Put Nation In Her Will

 

If you thought you understood Obama's plan to lower the national debt, if there ever has been one, you were wrong! The Onion reports how President Obama really intends to lower the national debt. It seems there is an extremely rich widow who just might decide to leave the US Treasury some money. If that doesn't work out, there's always learning to count cards so he can win back all the money that we are already down!  Enjoy!