Now, please work to put aside party politics for just a moment, because this transcends all that and the Dems in Congress should be just as alarmed as
anyone else. Truly, absolutely alarmed.
House Republicans said on Thursday that Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal
to avert the year-end fiscal crisis with $1.6 trillion in tax increases over 10 years, an immediate new round of stimulus spending, home mortgage
refinancing and a permanent end to Congressional control over statutory borrowing limits.
Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the
administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his
one-sided plan, explicit on tax increases, vague on spending
This isn't just an unwinnable offer, it's an attack of the most basic premise of the separation of powers written into the United States form of
Government. I don't mean or even care about the taxes. That can be undone later or whatever....if it gets to be as painful as I and many others think
it may become. That definitely isn't the point at all. They're crossing beyond that.
This is what Treasury, as a part of the Executive Branch, would apparently like to do away with the trouble of having to bother with seeking in the
And this is what it looked like on a monthly basis (Last column on the right) for the prior year of the last dates the report covers. The full report
shows the rest of the chart going back to 2001. I cropped it to limit date range for size only. No other changes made and the original linked report
has the full version.
Source - Congressional Research Service
..and what makes this so crucial and absolutely unprecedented for the shift in power these 'demands' represent is this:
SECTION 8. Source - U.S. Constitution
The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general
welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and
Congressional control of the national purse isn't just a quinky dink thing they threw in there at the last moment because someone had to have control
of it. Oh absolutely NOT. The Founding Fathers even discussed the idea of a joint Presidency between 2 equal men because of the concerns of too much
power in the hands of the President......following such pleasant relations with King George. Congress has control of the Purse as the President has
control of regulation and enforcement so each branch provides a check and balance to the other. It's so that no matter how whacky times may get for
extremes getting into office from any side, there is too much and too many required to go whacky in line for real damage to be done.
This would remove that in giving the power of the purse, effectively, to the executive Branch for spending into debt.
These are the same brilliant minds who have not passed a formal budget that would force guidelines to even stay inside of since early 2009. Now it's a
demand, it would seem, to remove even the last restrictions on debt spending. I'm personally sickened by what this suggests for future thinking by our
Treasury Secretary if no one else.
edit on 29-11-2012 by Wrabbit2000 because: (no reason given)