The LuLac Edition #1698, July 31st, 2011
PHOTO INDEX: OBAMA'S RIGHT TURN.
LOOKING OUT FOR # 1
The debt ceiling debate, one that should not have even taken place is inching toward its ignominious end. Once more President Obama came out on top. Just as he won his primary victories over the more qualified Hillary Clinton, just as he beat back Senator John McCain in the general election, Barack Obama has prevailed. In the debt ceiling compromise, the issue will not be revisited until after the 2012 election. An election presumably featuring one Mr. Barack Obama.
The rest of the stuff? Forget about it. Tax increases on the wealthy? Nope. Taxes are not on the table. Cuts to Medicare and Social Security? Oh yes they are on the table. Paris Hilton can still have her million dollars birthday parties but my 70 year old neighbor up the street is going to have to stretch her pennies even more. See what happened here with this “compromise” is that the President wanted a revenue stream and the GOP wanted cuts. The President didn’t get his extra funding stream but the Republicans sure as hell got their reductions. As a matter of fact Speaker of the House John Boehner says “the compromise reflects GOP principles”. Ya think, John?????
This is a historic night folks. What should have been a routine one sentence addition has now changed the course of history. We are on the road to austerity. When government cuts, jobs are lost. And they can’t be made up by state and local funding streams either. The formation of a Super Congress committee is ironic for me. During the health care debate we heard about rationing of health care by bureaucrats. Funding streams in the future are going to be judged by a Super Congress. I mean why bother with the rest of them? Because both sides can’t trust themselves to do the right thing…..or anything.
The saddest thing about this whole fiasco is that Barack Obama has again proven himself to be the bully without balls. He blustered, wagged his finger, told us he did everything he could but no one would listen or bend to his way of thinking. Again he wasted the bully pulpit of the Presidency all in the name of compromise. But the President, a Harvard grad misunderstands the meaning of compromise. “Compromise” is when you give a little and get a little. Not when you get a little and the other side gets the store. The bottom line is this: After all his huffing and puffing, the Republicans have gotten Obama to give up any tax increases on the rich while getting him to concede to spending cuts on just about everyone else. Oh but he did get one thing, he won’t have to deal with this during his oh so important re-election bid. Barack Obama has redefined the old adage, Looking out for number 1”.