Mike Huckabee News
Nov 02 2013
Would you trust Washington with a credit card that has no limit?...Those Congressional battles over raising the debt ceiling aren’t the best way to instill confidence in America. But both parties think they have a solution. On the Republican side is a proposal to break impasses by raising the debt ceiling for a limited period, then if negotiations fall through, there would be an automatic one percent cut in spending. Senate Democrats have a counter-proposal: no spending cuts, and do away with the debt limit entirely. The plan by Chuck Schumer, Barbara Boxer and Hawaii’s Mazie Hirono would give the President power to authorize endless federal borrowing, unless a veto-proof supermajority of Congress voted to stop him. I have two questions about that: wouldn’t giving the President power to run up unlimited debt violate what’s left of the Constitution, which puts budget-writing power squarely in the House, the branch closest to the voters? And my second question: how do I get Visa to offer me that same deal? And this is the HR.
By the way, if you’re wondering what all of those increases in the debt ceiling mean to you, the folks who run the National Debt Clock have worked up the numbers. There’s the $17 trillion national debt, plus all the government’s longterm unfunded liabilities, like $16.6 trillion for Social Security, $87.6 trillion for Medicare, and another $22 trillion for the Medicare prescription drug benefit. They calculate the total for all the government’s unfunded liabilities at $126 trillion. That works out to $1.1 million for each American taxpayer. The good news is, you don’t have to pay it all at once. You can just be like the government, and go on living as if it never has to be paid at all.