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Why John Boehner And Paul Ryan Should Immediately Resign

U.S. Capitol - Photo by Lance CheungThomas Jefferson once said that “the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”  In other words, he believed that government debt was the equivalent of stealing money from future generations on a massive scale.  Right now, the U.S. government is stealing roughly $100,000,000 from future generations of Americans every single hour of every single day.  And it is being projected that the U.S. national debt will more than double during the 8 years of the Obama administration.  In other words, the federal government will pile more debt on to the backs of our children and our grandchildren during the Obama years than had been accumulated during all of the rest of U.S. history combined.  The federal government is literally destroying the future of America, and what we are doing to our children and our grandchildren is beyond criminal.  If there was one thing that the Republicans in Congress were supposed to do, it was to do something about all of this debt.  These days Republicans can’t seem to agree on much, but the one issue that virtually all “conservatives” were supposed to agree on was the national debt.  The American people gave the Republicans control of the House in 2010 and 2012 for a reason.  Unfortunately, nothing has been done.  Our debt has continued to spiral out of control and now John Boehner and Paul Ryan are pushing a “budget deal” that will essentially give the free-spending Democrats virtually everything that they want for the next 10 years.  That is why John Boehner and Paul Ryan should immediately resign.

This “budget deal” actually increases the deficit in the short-term.

Yes, you read that correctly.

Overall, it is supposed to reduce the federal budget deficit by about 20 billion dollars over the next decade.  But even if the unrealistic assumptions that those numbers are based upon end up working out (which they never do), the “savings” will average just 2 billion dollars a year over the next decade.

And considering the fact that federal budget deficits will likely average well over a trillion dollars over that time span, that is a complete and total joke.

It is kind of like spitting into Niagara Falls and thinking that it will actually make a difference.

Even Paul Ryan is admitting that “this isn’t the greatest agreement of all time”, and in interviews he is complaining that the Democrats wouldn’t allow him to do more.

As if we are supposed to feel sorry for him.

Look – according to the U.S. Constitution the federal government cannot spend a single penny without the approval of the U.S. House of Representatives.

The Democrats cannot force the Republicans to do anything.

So if the national debt more than doubles during the Obama administration it is the fault of both the Democrats and the Republicans.

Today, U.S. Senator Rand Paul called the proposed budget deal “shameful“, and he was exactly correct.

It is utterly shameful that the Republicans believe that it is just fine to steal more than 10 trillion dollars from future generations of Americans during the Obama years.

It is utterly shameful that the Republicans believe that it is just fine that the U.S. government has accumulated more than 200 trillion dollars of unfunded liabilities that will need to be paid in future years.

It is utterly shameful that the Republicans believe that it is just fine to keep running up a debt that is now more than 37 times larger than it was just 40 years ago.

But instead of doing something to fix this, House Speaker John Boehner is blasting those that are concerned about all of this debt

House Speaker John Boehner, R-Ohio, who ceded control of the budget talks to Ryan, likewise pushed back on outside groups’ attempts to influence lawmakers. “They’re using our members, and they’re using the American people for their own goals,” Boehner said, “This is ridiculous. Listen, if you’re for more deficit reduction, you’re for this agreement.”

The Democrats don’t even have to attack fiscal conservatives anymore because the Republican leadership is taking care of that job for them.

And John Boehner has got to be joking when he uses the phrase “deficit reduction” in relation to this proposed budget deal.  In fact, even CNN is admitting that it essentially does nothing to help our long-term debt problems…

It doesn’t really move the needle much on the country’s long-term debt trajectory. That’s because Ryan and Murray opted for pragmatism, explicitly ruling out wrestling over entitlement and tax reform in this round of negotiations.

Back on September 30th, 2012 our national debt was sitting at a total of 16.07 trillion dollars.

Today, it is up to 17.23 trillion dollars.

That means that we have added 1.16 trillion dollars to the national debt in a little more than 14 months.

This is a recipe for national suicide.

We were the wealthiest nation in the history of the planet, but that was never good enough for us.

We always had to spend even more.

Now we have accumulated the greatest mountain of debt the world has ever seen, and someday if our children and our grandchildren have the chance they will curse us for what we have done to them.

Anyone that has run up massive amounts of credit card debt knows that the ride up can be quite enjoyable.  At times, it can seem like the good times will go on forever and that there will never really be any consequences.

But in the end, a very painful day of reckoning always arrives.

The rest of the world is watching what is going on.  They can see us running up all this debt.  The can see the Federal Reserve wildly printing up money.

At some point the rest of the world is going to stop using our increasingly unstable currency to trade with one another and they are going to stop lending us trillions of dollars at super low interest rates.

When that time arrives, the consequences of decades of very foolish decisions will catch up to us very rapidly.

If only we had listened to our forefathers.

Thomas Jefferson once said that if he could add just one more amendment to the U.S. Constitution it would be a complete ban on all borrowing by the federal government

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

How much better off would we be today if we had only listened to him?

U.S. Capitol - Photo by Lance Cheung

  • Tim

    This “deal” is all about averting another government shutdown next month.

    I don’t have any hope for this nation. We’ve been destroyed from within.

    • Rodster

      It’s the Crips vs the Bloods. It’s a two party gang running Washington DC. Anyone who thinks there is a difference between the Republicans and Democrats are sadly mistaken. They are two sides of the same coin.
      So it’s all about keeping their power and control and expanding it. They are not concerned one iota about the Country. It’s all self and me, me, me. All Empires end in this manner, they crash and burn.

      • MichaelfromTheEconomicCollapse

        The two parties become more alike with each passing day.

        But they fight so much that people actually believe that there is a major difference between them.

        Michael

        • K

          There is no real difference between the two major parties. My friend there is really only one difference between us. You still believe the American people are being fooled. I believe they choose to be fooled. I will pray you are right. At least then they may wake up.

        • dndgaddy

          Yes….crooks just alike!

        • Gay Veteran

          you have the illusion of choice

      • Graham

        It’s a two party gang with the same “Godfather”. The key to resolving the underlying problem is to fully expose the monster that stands united in the shadows behind both those parties and the matrix they deliberately created to enslave people.

        The players can easily be identified from a variety of different angles but many websites dare not touch the underlying cause despite it being right in everybody’s faces. There are of course risks involved in doing so. A rabbit hole often leads to a labyrinth of tunnels.

        When America goes down, the finger will be pointed directly at those who could have stopped the corruption right in its tracks. One of the groups that have unconsciously played along as “co-habitant” are now curiously considered to be “terrorists”.

        The final battle has begun as intelligence agencies ensure the “perceived enemy” is covertly financed and seen to rise up against the accepted status quo. Bankers love war. Who and what are the head bankers?

        Start with the passports and where certain loyalties lie, for they certainly aren’t where they should be as can be witnessed by the continuing financial rape and asset stripping bandwagons that roll on unabated. Follow the money to find the truth. Try offshore first. Everything else is an illusion and distraction to hide it.

        Those who see a Muslim and/or Democrat problem should just stay asleep in bed and stop polluting global forums with ill conceived nonsense and make believe mind numbing garbage that the “fence jumpers” repeat without questioning anything. Sheep make excellent proxies and move like herds.

        When people come to realise how warped reality has become they will start to see the truth. Until then, more free thinkers are required to work out the madness that underlies the insanity that has now impregnated every aspect of life.. by design. Insanity is the new “normal”. How’s Miley? How about the Karcrashians Xmas card?

        Some will fully understand what I’ve just said, whilst others will consider it to be Double Dutch. Both outcomes are fine, as it is best we all follow a path that is perceived to suit best.

        Whilst many fully explore what they encounter on their path, others move forward in blind faith. Does a good magician always keep his/her audience in awe? Reality only begins where illusion ends. Who is perceiving what and why?

        • Charlie

          One can only wish that 5% of humanity are able to one day see half of what you see….

          I agree entirely with everything you wrote and could add further details to strengthen your case however; often ask myself why bother, when most people don’t truly have the capacity to perceive outside the sheeple realm and therefore; escape any responsibility by arguing between Dem/Rep, Lib/Con…What a joke this really is…Don’t tell this to the article’s writer, as he may get upset for pointing out the obvious…And he prefers to rile up his audience, so they get upset, become angry and have even less of a chance to ever wake up…lol

          Congratulations for stepping out of the matrix….It’s beautiful out here…:)

          Peace

      • Jim Davis

        I have more respect for the Crips and Bloods than the Republicans and Democrats. At least they do their own crimes instead of hiding behind others.

      • El Pollo de Oro

        I think this is the part where Flounder Church chimes in, drools all over himself like a lunatic, and starts babbling about how third parties are unconstitutional and how anyone who votes for a third party is anti-American and anti-Christian. Flounder Man always has a seizure whenever anyone criticizes the rotten, failed two-party system. But Flounder is entertaining in a “Bride of Chuckie meets Jim Jones” kinda way.

  • Tim

    “Overall, it is supposed to reduce the federal budget deficit by about 20 billion dollars over the next decade.”

    $20 billion is a rounding error in Washington, DC.

    • MichaelfromTheEconomicCollapse

      That is very true. And it averages out to about 2 billion dollars a year over the next decade. Not enough to even be worth mentioning.

      Michael

      • Uh-huh

        We will be decimated by war before any of that happens…most of us on this planet won’t live to see that “next decade”…the inescapable fact that every day the “powers” move towards WWIII.

    • jaxon64

      The federal government admits to sending out 57 billion dollars to deceased citizens in “entitlement” or SSI checks in 2012 alone; another 12 billion in fraudulant tax rebates to illegal immigrants–that should put the $20 billion in perspective

  • Jodi

    All of them should resign but a few that are willing to stand on principle. It’s time for a fresh start. Wouldn’t that be nice.

  • YH

    >>”…are pushing a “budget deal” that will essentially give the free-spending Democrats virtually everything that they want for the next 10 years. That is why John Boehner and Paul Ryan should immediately resign. “<<

    I respectfully disagree 100% with the above statement. The ONLY way out of this economic black hole is a complete monetary collapse and reset. There are no good choices left, only bad choices. I see this deal as a very good thing because it will give the out of control spenders in D.C. a blank check and this will get us to the bottom that much quicker. Politicians do not believe we have a spending problem, only a revenue problem. Anyone with half a brain who has ever balanced a checkbook knows that the federal government has an incurable and insatiable spending problem. It is terminal. I say give the politicians a blank check and let them do what they do best, spend, so we can reach rock bottom and begin the recovery process to hopefully rebuild the national monetary system as the Founders and the Constitution originally intended. It will get much worse before it gets better folks. Be prepared.

  • DJohn1

    Resign? This is the same character at the Tampa Convention that took a voice vote on changing convention rules?
    Or is this the guy compromising on the budget for the Republicans?
    i think we need a reality check here.
    Both parties need a major overhaul in how they do business. Don’t expect it to happen in my lifetime.
    These guys are prostitutes for Big Business. Both parties are that way. Money talks, B******T walks.
    That is what it is all about for the entire Washington DC crowd in Congress. These are lawyers we are talking about. They correctly think everyone owes them a living.
    Best Union I ever saw was the Bar Association. You cannot do business unless you hire one.
    No one even gets workman’s compensation without a lawyer. They have the entire system that is corrupt and it won’t go away as long as lawyers rule the roost. And they do.

  • dndgaddy

    They are all a bunch of crooks!

  • Wisconsinlady

    “The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”
    ― George Orwell, Animal Farm

  • jt4

    Such poor leadership in the House. Need a change.

  • http://www.OlGreyGhost.Blogspot.com/ Ol’ Grey Ghost

    If my memory serves me well, Michael, you once wrote an article about the stock market where you interpreted the climbing numbers as a good sign that there was more time to prepare for the coming collapse. Well, this “little” budget deal does the same thing. Though it will eventually increase the height of the cliff, it will give those who are preparing for this calamity more time to jump from the bus before it goes over the edge…

  • Gay Veteran

    did you actually believe the Republicans???

    if so, then I have bridge in Brooklyn to sell to you

  • A Dodgy Bloke

    I saw this and I was just thankful for a budget. This is no fiscal masterpiece but with debt bumping seven to eight trillion isn’t this just rearranging the deck chairs on the Titanic? With Wall Street sweating the end of QE or at lest QE slowing down it could lead to a rise in rates. If interest rates go to four percent game over. BTW I don’t think the Fed is going to Taper because of the banks are still in such sorry shape and risk of interest rates going to the moon. That’s assuming something doesn’t blow up somewhere else in the world. Lets face it guys what’s coming will make 1929 look like ice cream social. That led to a lot of bad stuff happening and 60 million plus people dead by 1945.

  • Larry Tanner

    Why do we have to borrow money with interest from the private federal reserve when the constitution allows the congress to make the money with no interest? This is insanity and treasonous!

  • Hammerstrike

    The world needs Kira!

  • Rene Girrard

    Around 1991 I read a book by Larry Burkett called “The Coming Economic Earthquake”. I remember specifically that Burkett said when the U.S. debt got to somewhere around 16 or 17 trillion, that that is when the earthquake would happen. This book was written over 20 years ago. It will be interesting to see if he was right.

  • Oldphartbsa

    So, the choice I have now is which of the two parties I will support…Libertarian or Conservative?
    Hmm, Libertarians don’t believe in using force…The Conservative Party doesn’t have that party plank….and I’m pro-guillotine.
    Was republican all my life until the last election, registered libertarian only because Conservative wasn’t a selection available in California.

  • Cronos17

    Here’s the only upside. The system is going to collapse while the people responsible for it are still alive.

  • El Pollo de Oro

    “Voting for the two-party dictatorship is a wasted vote.”—Abby Martin

    “We need to change the system. You cannot fix the Gambinos and the Bonannos, the Democrats and the Republicans.”—Gerald Celente

    “The Washington conceit will die a hard death, but when it does go down, it’s going to be quite a sight to see.”—Justin Raimondo, AntiWar dot com

    “All the two parties are fighting for is who gets to
    be the whore, the prostitute for the interest groups.”—Dr. Paul Craig Roberts

    “You’re wasting your vote if you vote for a Democrat or
    Republican.”—Jesse “The Body” Ventura

  • Booo

    These cesspool influence peddling whores are killing this country. While selling out to the freaking communist.