{"id":16241,"date":"2012-11-08T06:41:46","date_gmt":"2012-11-08T11:41:46","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=16241"},"modified":"2012-11-08T06:43:27","modified_gmt":"2012-11-08T11:43:27","slug":"here-we-go-again","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=16241","title":{"rendered":"Here We Go Again"},"content":{"rendered":"<p>On Tuesday, <a href=\"http:\/\/cnsnews.com\/news\/article\/treasury-quietly-warns-expect-debt-limit-be-reached-near-end-2012\">CNS News<\/a> reported that the <a class=\"zem_slink\" title=\"Federal government of the United States\" href=\"http:\/\/en.wikipedia.org\/wiki\/Federal_government_of_the_United_States\" rel=\"wikipedia\" target=\"_blank\">federal government<\/a> is expected to reach its legal <a class=\"zem_slink\" title=\"United States public debt\" href=\"http:\/\/en.wikipedia.org\/wiki\/United_States_public_debt\" rel=\"wikipedia\" target=\"_blank\">debt limit<\/a> before the end of this year. At this point I would like to point out that it has been 1,289 days since the United States Senate passed a <a class=\"zem_slink\" title=\"Budget\" href=\"http:\/\/en.wikipedia.org\/wiki\/Budget\" rel=\"wikipedia\" target=\"_blank\">budget<\/a>. It occurs to me that the lack of a budget might be part of the problem.<\/p>\n<p>The article reports:<\/p>\n<p style=\"padding-left: 30px;\"><strong>&#8220;Treasury continues to expect the debt limit to be reached near the end of 2012,&#8221; says the tenth paragraph of the &#8220;<a href=\"http:\/\/www.treasury.gov\/press-center\/press-releases\/Pages\/tg1753.aspx\">Quarterly Refunding Statement<\/a>&#8221; put out by <a class=\"zem_slink\" title=\"Assistant Secretary of the Treasury for Financial Markets\" href=\"http:\/\/en.wikipedia.org\/wiki\/Assistant_Secretary_of_the_Treasury_for_Financial_Markets\" rel=\"wikipedia\" target=\"_blank\">Assistant Secretary of the Treasury for Financial Markets<\/a> Matthew Rutherford.<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>&#8220;However, Treasury has the authority to take certain extraordinary measures to give <a class=\"zem_slink\" title=\"United States Congress\" href=\"http:\/\/www.house.gov\/\" rel=\"homepage\" target=\"_blank\">Congress<\/a> more time to act to ensure we are able to meet the legal obligations of the United States of America,&#8221; said the statement. &#8220;We continue to expect that these extraordinary measures would provide sufficient &#8216;headroom&#8217; under the debt limit to allow the government to continue to meet its obligations until early in 2013.&#8221;<\/strong><\/p>\n<p>It&#8217;s time for Congress to work together and pass a budget. There has to be a way to create a budget that combines the idea of controlling spending and streamlining the <a class=\"zem_slink\" title=\"Tax law\" href=\"http:\/\/en.wikipedia.org\/wiki\/Tax_law\" rel=\"wikipedia\" target=\"_blank\">tax code<\/a> enough to increase revenues without raising rates.<\/p>\n<p>The current American tax code is a tribute to lobbyists and special interest groups. It needs to be reduced to ten pages or less and put in language that you and I can understand. That is an idea whose time has come.<\/p>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/?px\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: none; float: right;\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=96c5cd81-df8e-473f-a507-f5651c85747d\" alt=\"Enhanced by Zemanta\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, CNS News reported that the federal government is expected to reach its legal debt limit before the end of this year. At this point I would like to point out that it has been 1,289 days since the &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=16241\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4331,4328,735,1334,128,4330,44,4329,3730,1964],"class_list":["post-16241","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-1289-since-senate-passed-a-budget","tag-assistant-secretary-of-the-treasury-for-financial-markets","tag-congress","tag-cybercast-news-service","tag-federal-government-of-the-united-states","tag-u-s-senate-requirement-to-pass-a-budget","tag-united-states-congress","tag-united-states-debt-limit","tag-united-states-department-of-the-treasury","tag-united-states-public-debt"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16241"}],"version-history":[{"count":4,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16241\/revisions"}],"predecessor-version":[{"id":16245,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/16241\/revisions\/16245"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}