The deficit monster sleeps peacefully in its cave, fed by conservative overspending and record deficit financing. But whenever a democrat reigns the monster stirs to life, angry and hungry, and bellows its disgust at any spending that does not directly benefit the wealthy:
(CBS) — Republican leaders are laying down a new challenge to President Obama and Democrats over tax cuts and the national debt. That could mean another ugly confrontation is coming, just in time for the November election. The two parties are still fighting over the fallout from the last debt debate.
And now, House Speaker John Boehner (R, Ohio) is drawing a new line in the sand, making another showdown over the debt almost inevitable. Boehner issued the warning Tuesday, declaring, “We shouldn’t dread the debt limit. (As a) matter of fact, I think we should welcome it.”
Yes, the two parties are still fighting because, hey, both parties do it, right? And sure enough, in the last fight between both parties, one party came to the table willing to talk about extending the limit as both Bushes and Reagan did dozens of times, with some spending cuts and raising taxes on income over one-zillion dollars by a point or two until the wars and other Bush excesses are paid for. The other party wanted to crash the US bond market and lay waste to the entire world because they wanted to defund Planned Parenthood and cut off healthcare for millions of working women. So, yeah, both parties do it.
No doubt we’ll now be treated to a series of cable news lectures and public scoldings on the major networks by the same people who created the greatest deficits in history and their buddies, who managed to leverage that into the biggest default of all time requiring public bailouts to the tune of a trillion plus taxpayer bucks.