Republicans at Work – NOT Taking Care of Business

By Patricia L Johnson and Richard E Walrath

Following is an excerpt from a letter written February 7, 2014 to John A. Boehner, Speaker of the House from Department of Treasury Secretary, Jacob J. Lew.

“As you know, the Continuing Appropriations Act, 2014 temporarily suspended the statutory debt limit through today, February 7, 2014. Because Congress has not acted to approve normal borrowing authority, Treasury must begin implementing extraordinary measures that enable us, on a temporary basis, to protect the full faith and credit of the United States and to continue paying the nation’s bills.”.

The reason the paragraph began ‘as you know’ is due to the fact numerous communications have been sent by the Treasury Secretary to the Speaker of the House during the months preceding February 7, 2014 regarding the February 7, 2014 suspension date, yet our ‘do nothing Republican-controlled U.S. House of Representatives’ has once again done what they do best, which is NOTHING.

What is the debt ceiling and why does it matter whether or not it’s raised?

The definition from Treasury follows:

“The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.”

U.S. Debt as of February 6, 2014 follows:

To put it bluntly, the only thing our do nothing Congress would be doing is approving payment of obligations that have already been approved. It’s a no brainer on their part. There is nothing to think about, the debt limit must be raised because the U.S. has to cover its obligations. It is not a complicated issue, yet they attempt to make it one whenever they have the opportunity.

According to Reuters “House Majority Leader Eric Cantor on Friday left a spot open in his weekly House floor schedule for “possible consideration of the legislation related to the debt limit” on Wednesday.

Possible consideration”? What is wrong with these people?

We still haven’t recovered from Republicans playing games with the debt ceiling. On August 5, 2011 Standard and Poor’s lowered the long term credit rating of the United States one notch from AAA to AA+. On June 10, 2013 S&P revised their long-term rating from negative to stable, but did not increase the reduced sovereign credit rating. It remains at AA+.

Since 1960 the debt ceiling in this country has been raised a total of 78 times, 49 times under Republican administrations and 29 times under Democratic administrations. Why does it become such a major issue for this administration?

President Obama is well past the stage of crying “uncle” when the Republicans make absurd demands in order to do their job. It’s time for Republicans in Congress to get over the fact there is a black man sitting in the oval office and do the job they were hired by the voters to do and that is to get this country moving in the right direction, not see how many obstacles they can put in place on our path to progress.

© 2014 Patricia L Johnson and Richard E Walrath

Advertisements
This entry was posted in Economy, Elections 2014, Government, National Debt, News and politics and tagged , , , , , , , , , . Bookmark the permalink.

2 Responses to Republicans at Work – NOT Taking Care of Business

  1. Administrator says:

    We’re in the 2nd session of the 113th Congress.

    You would think we would learn something between the 80th Congress and the 113th wouldn’t you? Apparently not – here we sit!

    Republicans don’t want any jobs created – the fewer jobs are created the more thrilled they are because they ‘think’ that’s their ticket to the taking over the Senate in 2014 and the WH in 2016. What they don’t realize is the American voting public is well aware of what Republicans have done for this country. A big fat zero!

  2. Richard Walrath says:

    This is another example of the Do Nothing Republican Congress.. Harry Truman ran and was re-elected by running against the “Do Nothing 80th Congress” and Democrats should figure out a way to do the same to the “do nothing” Republican House. Boehner keeps asking, “Where are the jobs? Why doesn’t he do something to create some? Instead, he works against creating jobs. What number Congress are we on now?

    Date: Mon, 10 Feb 2014 17:28:54 +0000 To: walrath@articlesandanswers.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s