A Profile of Lies & Hypocrisy for Politicial Gain or The Story of Senator Charles Grassley

Posted by Randall A Reinwasser on Thursday, February 3, 2011 Under: Politics
In case anyone actually thinks the republican party is a bastion of conservative ideals, have a read of this speech made by republican Senator Chuck Grassley in 2007:

Mr. GRASSLEY: Mr. President, the current law is that we have a statutory limit on the amount of money the Federal Government can borrow, and that has to be reconsidered from time to time. The legal limit applies to the money borrowed from individuals, private investors–such as banks and pension funds–as well as money borrowed from other governmental programs that are in surplus–such as Social Security and Medicare, or what we call intergovernmental borrowing.

Increasing the debt limit is necessary to preserve the full faith and credit of the United States of America. Without an increase in this limit , our Government will face a choice between breaking the law by exceeding the legal limit or breaking faith with the investors by defaulting on debt . Neither of those choices is acceptable, and we have never done them.

Critics sometimes object to raising the debt limit on grounds that it will allow the Government to borrow more money, but refusing to raise the debt limit is akin to refusing to pay your individual credit card bill after you have already gone shopping and bought something. We cannot pass tax bills and spending bills and then refuse to pay our bills. The time to control the debt is when we are voting on bills that actually create that debt .

Raising the debt limit is about meeting the obligations we have already incurred, it is that simple. We must meet our obligations. So I urge my colleagues to support this increase.

The only reason the republicans are now acting like they care about the debt limit is because there is a democrat in the White Office and it's politically expedient, not because it's something they stand for. 

It just amazes me that statesman clowns like this keep getting re-elected. 

H/T Invictus

In : Politics 

Tags: "charles grassley" hypocrisy "political gain" "republican lies" 

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