{"id":5613,"date":"2011-01-24T16:07:02","date_gmt":"2011-01-24T22:07:02","guid":{"rendered":"http:\/\/www.thepropheticyears.com\/wordpress\/?p=5613"},"modified":"2011-01-24T16:25:50","modified_gmt":"2011-01-24T22:25:50","slug":"farah-the-house-not-raising-debt-limit-will-insure-fiscal-calamity","status":"publish","type":"post","link":"https:\/\/www.thepropheticyears.com\/wordpress\/farah-the-house-not-raising-debt-limit-will-insure-fiscal-calamity.html","title":{"rendered":"Farah: The House not raising debt limit will insure fiscal calamity!"},"content":{"rendered":"

Sometimes I just have to laugh at the harebrained ideas about how to deal with Obama and our increasing national debt. For example, there is one idea that is now being pushed by Joseph Farah of WorldNetDaily (WND). Farah’s solution to save America from fiscal calamity<\/a> is for the Republican House to not vote to allow any raising of the national debt limit.<\/p>\n

At the end of Farah’s various featured articles on this subject, Mr. Farah asks, “where am I going wrong on this? Can someone enlighten me?” <\/strong>Yeah, I will enlighten Mr. Farah because not raising the national debt limit is a recipe for national suicide. Farah’s solution seems more like a house formula for national euthanasia than a cure for America’s fiscal calamity.<\/p>\n

First a bit of the background on the articles. Farah, in a earlier article defined what he thinks a real Conservative is, and then he suggests that any true Conservative would support not raising the national debt limit anymore like he does. Farah, has told us many times in many articles that he is not a Conservative. Yet, he thinks he not only can define what real conservatives should believe, he believes he can tell them what any real Conservatives would support. Further, Farah implies that all Republicans in the House of Representatives that support raising the national debt limit are phony conservatives (along with the people that elected them).<\/p>\n

As far as I know most true Conservatives are not out of their mind. Most Conservatives know what would happen in the United States if we suddenly were limited to spend no more than the revenue we took in, in this economy.<\/p>\n

Farah, also assumes that Obama could do nothing if the national debt limit were not raised but that simply is not the case. For example, the Fed could just print the money and lend it to the U.S. Treasury. Or consider this. The likely outcome of the House refusing to raise the national debt ceiling would be riots all over the United States (see below). With the authority that Congress has already given to Obama under emergency powers, He could then declare martial law and suspend the Constitution and rule by decree.<\/p>\n

Why would there be riots and martial law if the debt ceiling were not raised? Because many things that people depend on would go unfunded. One third of all current federal spending is paid for by adding it to the national debt. Therefore, all federal expenditures would have to be cut by one third. It could not just be cut by a third across the board because some programs are more critical than others.<\/p>\n

Congress could not just cut agencies that they did not want because that would require a bill and it would never get past Obama’s veto. They could not just rewrite the budget either. So, what would really happen is that all agencies critical to the Obama administration would be funded and all other agencies would either shut down or run short of money and partially shut down. Even interest on the U.S. debt probably would not be paid and if that happened the U.S. would go into default probably causing a collapse of the world financial system or at least the collapse of the dollar.<\/p>\n

But, let’s humor Farah a bit and say that national spending could actually be reduced by one third by some magic non act of the House. What would a reduction of one third of federal spending across the board mean to Americans?<\/p>\n

Here are only a few examples of what would take place if the national debt ceiling is not raised:<\/strong><\/p>\n

–\u00a0 Social Security, Medicare, and Veterans compensations set in law would run out of funds. One third of the time people would get IOU’s but a court order would soon change that and the funds would have to come from somewhere else.<\/p>\n

– Military spending would have to be reduced by a third. We would not even have the funds for a orderly withdrawal of our troops from the world.<\/p>\n

– One third of the Federal work force would have to be eliminated. Federal retirees also have their pay set in law, the funds would have to come from other programs .<\/p>\n

– The Federal funding of unemployment benefits would run out of funds.<\/p>\n

– One third of all federal prisons would need to close and a third of all prisoners would have to be released<\/p>\n

I think you are getting the picture. About 2 million people would be instantly added to the unemployment roles and many people would have benefits like food stamps that they are now dependent on instantly taken away. The cuts would cause a great depression and there certainly would be riots in the streets.<\/p>\n

The other alternative is that income taxes would have to double, but first Congress and Obama would have to be willing to agree to pass a doubling of the income tax or something like a value added tax. If that were passed in this economy that would also cause a great depression and bring riots in the streets.<\/strong><\/p>\n

What House Representative could even get reelected in 2012 after pulling that stunt?<\/p>\n

So forget about the Farah delusion solution to save America from fiscal calamity. It cannot happen. It would be the end of our nation as a first world nation.<\/p>\n

In my next post, I will tell you what I think is the only way that America can solve its high unemployment, falling wages and long term debt problem and she could do it rather rapidly. My solution might even seem more bazaar than Farah’s idea to save America from a fiscal calamity, but mine will work, and even if it does not work out, it will not cause riots in the streets and the end of America as a Superpower. I think what I will suggest as a solution would insure that America stays a superpower for as long as God wills. Nonetheless, I am not saying that you will like what I will suggest or that my plan to save America will be bullet proof.<\/p>\n


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Sometimes I just have to laugh at the harebrained ideas about how to deal with Obama and our increasing national debt. For example, there is one idea that is now being pushed by Joseph Farah of WorldNetDaily (WND). Farah’s solution to save America from fiscal calamity is for the Republican House to not vote to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37],"tags":[148,187,114,131,317,350],"class_list":["post-5613","post","type-post","status-publish","format-standard","hentry","category-financial-collapse","tag-america","tag-economy","tag-logic","tag-obama","tag-perspectives","tag-politics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pawsE-1sx","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/posts\/5613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/comments?post=5613"}],"version-history":[{"count":0,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/posts\/5613\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/media?parent=5613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/categories?post=5613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thepropheticyears.com\/wordpress\/wp-json\/wp\/v2\/tags?post=5613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}