We will debating the debt ceiling very soon. This is the latest in the debate:
"The push-back has come in recent days from Sens. Kent Conrad (D-N.D.), chairman of the Senate Budget Committee, and Joe Manchin (D-W.Va.), a freshman who is running for reelection next year.
So what's going on?
First, there is growing disenchantment with Pres BO's lack of leadership on this topic.
I think that a lot of Dems are picking up on this during their visits to constituents. Check out this from Rasmussen:
"Twenty-one percent (21%) of Likely U.S. Voters say the country is heading in the right direction, according to a new Rasmussen Reports national telephone survey taken the week ending Sunday, April 24.
It's the fourth week in a row that the measurement has gone down, with confidence in the nation's course now reaching the lowest point of the Obama presidency."
Let me translate: 21% means that there are a lot of Dems who aren't happy.
Second, there is also genuine concern that the debt, and deficits, are simply unsustainable.
The Dems used to complain about the Bush deficits.
We remind you that Pres Bush had deficits in the 2-3% of GDP range. We are now running deficits about 10% of GDP.
It can't go on too much longer without an impact on the US dollar or inflation!
Third, many Dems are scared to death about 2012, specially Sen Pryor in Arkansas and Sen Manchin of West Va.
They will have to defend Pres BO in places where he is not very popular.
We must have massive cuts and entitlement reform. Otherwise, what's the point of increasing the debt ceiling?
What's the point of borrowing more money without a serious commitment to reducing the size of government?
When are we going to "tear up" the credit card?
It's one thing to have a welfare state that steps on states' rights and taxes us to death!
It's unsustainable when that welfare state is being paid for with a credit card!
Check out our commentary: