Is a Tea Party Triumph at Hand?
(The American Conservative) -- by Patrick J. Buchanan
They were called “terrorists,” “fanatics” and “unpatriotic.”
Yet the principled resistance of the Tea Party Caucus in the House has put their leader right across the table from Barack Obama to negotiate the final terms of armistice in the debt-ceiling battle of 2011.
Today is July 22. On this day, it was said, either Congress will have voted to raise the debt ceiling, or the markets will have panicked and America will be on the road to default on Aug. 2.
House leaders John Boehner and Eric Cantor are, as of this writing, sitting with Obama negotiating terms. And yesterday, the stock market surged in anticipation they were close to an agreement. If Boehner and Cantor are dealing from strength, it is thanks to the Tea Party’s rejection of previous deals.
The caucus held Boehner’s feet to the fire, and Boehner is the stronger for it.
And so, today, it is Democrats who are in rebellion. For Obama has reportedly signed on to specific and real reductions, $3 trillion worth, that include cuts in future costs of Social Security, Medicare and Medicaid.
America’s hirsute welfare state may be about to get a haircut.
“Who dares, wins,” is the motto of the Special Air Service, the Brits’ answer to America’s Navy SEALs. While no final deal has been cut, House Republicans have made significant gains.
They passed “Cut, Cap and Balance,” a Tea Party plan to cut federal spending to 20 percent of gross domestic product, cap federal programs and secure a vote on a Balanced Budget Amendment to the Constitution.
Second, Obama has offered to put budget cuts upfront to get a debt-ceiling increase. This would be insurance against what happened to Ronald Reagan, where tax hikes agreed to were enacted and the budget cuts lost somewhere along the trail.
Third, the president has apparently agreed to tax reform, whereby a host of deductions, exemptions and tax credits would be discarded from the code by the GOP in return for tax rate reductions for businesses and individuals.
This is Reaganism...MORE...LINK
Chris Moore comments:
Reagan was governing during the last of a dying era in America, when there was still a whiff of authentic patriotism instead of this Globalist-Zionist neoconservatism and Trotskyite internationalist left-liberalism that has overtaken each party in America.
Buchanan: “For Obama has reportedly signed on to specific and real reductions, $3 trillion worth, that include cuts in future costs of Social Security, Medicare and Medicaid…Obama’s proposal appears to contain a non-performance clause, however. If no deal on tax reform is reached, at the end of 2012, the Bush tax cuts will not be extended for high-end earners. That would be a defeat for the Tea Party, the GOP and the country.”
I agree that the Social Security and government medical programs need reform, but how many high-end earners are banksters and free trade corporatists who have been systematically off shoring American jobs for decades to increase their profit margins and feather their own nests? How many are part of the army of wealthy white collar accountants and lawyers that enabled this plunder of American manufacturing and industry?
Additionally, how many are part of the 171,689 federal government workers making over $150k per year?
Not going after the wealthy makes sense only when they’re patriotic America-firsters investing in America; it doesn’t make sense when they’re parasites and plunderers pursuing a Globalist agenda. Why reward these, and put the screws to those on fixed income Social Security who would spend their money in America and not hoard it away in some offshore account, or who earn their luxurious living at the taxpayer trough?