The media is spinning away in favor of the Obama view of the world that a "default" is looming if the debt ceiling isn't raised tomorrow. Rand Paul is trying to comfort the world by re-assuring everybody that we have enough tax revenue per month to pay our interest payment AND that paying it first is the law of the land.
Of course Jack Lew and others in the Obama camp respond by saying that even if we pay our interest we might default on other obligations and that more government programs might suffer. Once again they are trying to scare grandma and the enslaved poor who got a taste of things the other day when by sheer coincidence (tongue in cheek) their EBT (food stamps) purchasing cards got shut off briefly. (I mean come on, if you don't think this was a test to see how much of a panic could be incited then you are not paying attention)
So here's the way to use Obama's plot against him. He wants to take the public's mind off of anything that reflects badly on him or his administration. I mean, what ever happened to the IRS scandal, the Benghazi investigation and his "red line" that Syria crossed in open defiance?
If Obama can do it, so can somebody in Congress that has a pair. How about using this moment to introduce legislation eliminating the IRS and the income tax and creating a more stable revenue stream by the Fair Tax method. Oh of course there will be plenty of opposition, but if the debate suddenly turned from increasing debt and increasing job killing taxes to finding a way to improve the income to the government and make it more user friendly to the millions of Americans who hate the current system, why not seize the moment?
Worried that we might not have enough money to pay our obligations and that cutting down on government expenditures might affect the wrong demographic? Then consider this.
The cost of administering the tax code combined with the wasted resources that could go into jobs, productivity, buildings, equipment etc. takes hundreds of billions of dollars out of our economy each year. Eliminating the IRS and the complexity of tax code compliance would free up huge amounts of capital, cut government costs and stabilize the revenue stream.
Now might not seem like the time to do something like this, but only to those who are being fooled by Obama's left hand, not paying any attention to what he is doing with his right hand.
Who will have the balls in Congress to seize this moment and do something truly historic?
Why do the Republicans always step in it?
There is an easy solution.
"Balance the budget and then you can spend it any way you please."
All Obamacare and zero on defense? Go for it.
Food stamps and Welfare galore and higher taxes? More power to you.
As long as it is balanced, I will give in to everything else.
This is an approval poll proof position.
Thank God Rand Paul realized this and it was clear that was his position from the beginning.
God Bless.
Posted by: Mr. Scott Ryan | October 16, 2013 at 03:57 PM