[1682] WHAT DEBT CRISIS?

I read an article the other day- the headline read ‘Bachman sees no crisis in U.S. debt’. It was by the associated press- so I knew they were more than likely lying. As I read the article- I was right. As a matter of fact- the tea partiers who are against raising the debt limit- they are against it because they see the debt as the major problem.

So the headline should have read ‘Bachman sees extreme crisis in U.S. debt’ and that’s why she does not want to raise the debt limit. Now- I have been reading stories like this for years- and the thing that bothers me is when people see/hear only one side- they then see the opposing team as the major problem. I very rarely [if ever] have read something like this that slandered the left- though you do see biased ‘reporting’ thru radio hosts. So this works both ways. We as Americans need to be able to read between the lines- to not simply swallow what’s spoon fed to us.

This past week- the world court [in the Netherlands] indicted Gadhafi on ‘crimes against humanity’. Okay- do we sit back and believe everything we read? The oppressive ruler of Syria- Assad- has killed children these past few weeks- has massacred his people openly- their fleeing into Turkey, and even the Turkish leader has turned against him.

In Bahrain- the ruling autocracy has been trying doctors and medical workers on crimes against the state. Giving them life sentences. What’s’ the crime? They treated the protestors when they were shot and wounded. Yet these despots get good treatment from the U.S. - we sit down with them- and Gadhafi has committed crimes against humanity?

Saudi Arabia imprisons women for driving- they took a reporter who wrote a critical article against the energy company- they whipped him with ‘50 lashes’ in front of the energy building- just to teach him a lesson.

We live in a day where real injustices are taking place- we are in need of honest reporting- not biased journalism that purposefully misleads the public for political purposes.

I had a conversation a while back with a liberal- good person- I too hold to some of their views. Yet the person was railing against Sarah Palin ‘she should not even be running for office- she has children!’ Now- I knew the person only watched liberal news outlets- and they very rarely were exposed to the opposing view.

I reminded the person that Nancy Pelosi also had children- should she also leave politics? When we grasp hold of seeing others as the enemy- we are unable to really see clearly.

Right now the debate is raging over whether to raise the debt ceiling or not. Some Repubs really do not want to do anything on the tax side- and they want to only cut spending.

The Dems counter that we need to do both. Now- for those libs out there- who think I’m only anti lib- I think we should do what the Dems want. Why?

I know both sides- and the supply side economic argument says ‘the lower taxes go- the higher the finances are that come in to the fed. Govt’. This argument is the classic Repub argument- but it really is limited. Why?

Some who make this argument fail to realize that even if taxes go lower- and the result is businesses do better- yet the main way the govt gets funded- even if the businesses are doing better- is thru the tax code.

The govt only gets funded this way [besides a few pennies of royalties]. So the point is- without taxes- the govt does not get funded- at all.

So to simply demonize all taxes as regressive- well that’s just not an honest argument. In the last century there were decades of real growth -40’s-60’s- that coincided with high taxes. And there were also decades of lower taxes [Reagan, Bush, Clinton] that coincided with sluggish growth. So higher taxes on ‘the rich’ do not always mean slow growth.

Okay- the simple point I’m making is when the media purposely skews the argument- giving headlines that they know are false- then they do a disservice to the country. The bible speaks about this as ‘uneven scales’. I think the answer to the current crisis is we should raise the debt ceiling- with a real plan to reduce the debt over the next 10 years.

Both the president and the Repubs have already agreed in principle to cutting around 4 trillion over the next 10-12 years.

The world economy wants to see that the U.S. has a credible plan in place to manage our debt. They are not expecting us to eliminate it overnight- nor would it be responsible to drastically try to deal with it- on an August deadline.

Yes- both sides see a real crisis looming- because of the debt. Some think it’s so bad- they don’t want to raise the debt ceiling at all. Others think it’s so bad- that we need to raise the ceiling to prevent a major short term disaster.

Whatever side you agree with- it’s simply wrong to say ‘this side does not see a debt crisis’ that’s biased journalism- journalism that knows they are lying to you- but they don’t respect you enough to think you will spot it. We just did.

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