Posted 11:37 pm Sunday, December 09, 2012
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Republicans must not give president power over debt
I can’t believe it. The Democrats have actually put forth a plan whereby the president could raise the debt limit without the authorization of Congress. This would be a monumental mistake, akin to letting the fox guard the henhouse.
We must eliminate the deficit and begin to reduce the debt or we’ll suffer the same fate as Argentina under Peron, who caved in to the labor unions and printed so much money that their currency collapsed and hyperinflation drove prices to unbelievable levels. Hyperinflation is far more damaging than this so called “cliff” we face now. It would be the end of the free enterprise system.
The Boles-Simpson plan offers hope of balancing the budget. The Ryan plan is even better. Some combination of the two could avert the disaster of hyperinflation. We certainly cannot afford to waste more money on stimulus and we most assuredly must not turn the keys to the Treasury over to President Barack Obama.
In the current negotiations the Republicans must not give in to the “spender-in-chief.” When they give in on increasing taxes on the rich, they will have played their only trump card. We must not go “all in” until we have substantial progress on debt control.
Gene Diedrick
Tyler
We must eliminate the deficit and begin to reduce the debt or we’ll suffer the same fate as Argentina under Peron, who caved in to the labor unions and printed so much money that their currency collapsed and hyperinflation drove prices to unbelievable levels. Hyperinflation is far more damaging than this so called “cliff” we face now. It would be the end of the free enterprise system.
The Boles-Simpson plan offers hope of balancing the budget. The Ryan plan is even better. Some combination of the two could avert the disaster of hyperinflation. We certainly cannot afford to waste more money on stimulus and we most assuredly must not turn the keys to the Treasury over to President Barack Obama.
In the current negotiations the Republicans must not give in to the “spender-in-chief.” When they give in on increasing taxes on the rich, they will have played their only trump card. We must not go “all in” until we have substantial progress on debt control.
Gene Diedrick
Tyler
NO ENGINE
Have you ever seen anyone who would remove the engine from a car and then tell everyone that it will still run okay? Capitalism was never intended to run without capital. That would be the same as the car with no engine. Yet President Obama says he can take the capital away, funnel into his own government mess, and come away with something better.
People who believe it will work have a name: Democrats.
Virgil Reazin
Frankston
People who believe it will work have a name: Democrats.
Virgil Reazin
Frankston
FISCAL CLIFF
President Obama is still out campaigning for raising taxes on what he calls the rich in this country. Have you heard one single reporter ask him what he considers to be a “fair” tax rate?
At the same time that he is claiming the Republicans have not presented any ideas, he is asking that the raising of the debt limit be given to him. That’s like giving an unlimited credit card to a 15-year-old boy and expecting him only to buy what’s necessary.
President Obama won the last election but he did not win in a landslide. Yes, he did win the Electoral College by a wide margin, but the popular vote had him winning 51 percent to 48 percent, which is not the full mandate that he is claiming.
The Democrats and their national press corps are trying to push the idea that if there is nothing done before the end of the year, it will all the fault of the Republican Party. If you were the Republican Party would you give Obama everything that he wants including the right to raise the debt limit to, say, $25 trillion?
David Carder
Flint
At the same time that he is claiming the Republicans have not presented any ideas, he is asking that the raising of the debt limit be given to him. That’s like giving an unlimited credit card to a 15-year-old boy and expecting him only to buy what’s necessary.
President Obama won the last election but he did not win in a landslide. Yes, he did win the Electoral College by a wide margin, but the popular vote had him winning 51 percent to 48 percent, which is not the full mandate that he is claiming.
The Democrats and their national press corps are trying to push the idea that if there is nothing done before the end of the year, it will all the fault of the Republican Party. If you were the Republican Party would you give Obama everything that he wants including the right to raise the debt limit to, say, $25 trillion?
David Carder
Flint
ELECTRIC CARS
My commendations for the editorial writer of “GM’s Electric Cars No One Wants to Buy” (Dec. 1). Every point made was dead on the mark. Electric cars — ho hum. My mother’s great aunt owned and drove a Detroit Electric in 1917.
Then as now, all of the problems with them were present. “Auntie” could drive to town and back, then park the car for a day or so to recharge.
Then as now, the concept was flawed. By the way, somebody should tell President Barack Obama that his beloved jumbo jet, Air Force One, will not run on batteries, pond scum (algae biofuels), or windmill power.
Lafe R. Pfeifer
Mineola
Then as now, all of the problems with them were present. “Auntie” could drive to town and back, then park the car for a day or so to recharge.
Then as now, the concept was flawed. By the way, somebody should tell President Barack Obama that his beloved jumbo jet, Air Force One, will not run on batteries, pond scum (algae biofuels), or windmill power.
Lafe R. Pfeifer
Mineola
