Monday, August 01, 2011

Urgent Action: Stop this bad debt ceiling bill

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Judson Philliips
August 1, 2011

If we thought the Boehner Bill was bad, he and Mitch McConnell have taken the White Flag of Surrender to new heights.

Everyone must wear their Congressmen out to stop this bill.

Here are the low lights:

First it contains a massive $2.4 trillion dollar increase in the debt ceiling.

It contains almost no immediate spending cuts.

The Deficit commission that is going to be created by this nightmare bill will be equally divided between six Democrats who want massive tax hikes and six Republicans who will look for the first opportunity to surrender, much as John Boehner.

The bill also calls for massive cuts in defense and allegedly in entitlements if the Deficit Commission is deadlocked or otherwise cannot come up with more budget cuts. The deficit commission will have the option of recommending tax hikes. The Bush tax cuts will be gone. Capital gains will be raised from 15% to 28%, destroying investment. Middle class deductions, such as home mortgage interest will be gone.

In short, by the end of the year, the left will have everything it wants. It will have massive new borrowing to cripple the economy. It will have massive new tax hikes and it will gut defense spending. About the only thing it won’t do is repeal the Bill of Rights. They are saving that for next year.

This bill is so incredibly bad and the worst part is it will give the Democrats the political cover they need. The GOP will not be able to pin this one on the Democrats because Boehner and McConnell brought this to the Republicans and the Republican House passed it!

Folks we have to act today. Call, fax, email, tweet and visit your Congressman’s office. Tell them that if this bill passes and they vote for it, it is war. I don’t care who the Congressman is, we will find a Tea Party candidate to run against them.

As a rule, at Tea Party Nation, we do not believe in threatening Congressmen but this bill is so bad we have no choice. We have to make the GOP Representatives fear the loss of their jobs. That is the only way they can overcome the pressure the House Leadership will be putting on them.

Act immediately and look for further updates here on TPN.