Opposition Grows to ‘Gang of Six Plan’

Opposition Grows to ‘Gang of Six Plan’

From left Senators Mark Warner (D-Va), Richard Durbin (D-IL), Kent Conrad (D-ND), Saxby Chambliss (R-GA), Mike Crapo (R-ID), and Tom Corbin (R-OK)

The "Gang of Six", which is composed of Senators Mark Warner, Richard Durbin, Kent Conrad, Saxby Chambliss, Mike Crapo, and Tom Coburn, are working towards a compromise deal where a deal can be struck to raise the debt ceiling coupled with "spending cuts."  They have been viewing options such as $1 trillion in taxes, under the guise of controlling the national debt and balancing the budget.  Didn't I mention last week that Congress was looking for a way to sneak in a tax increase.  If the "Gang of Six" has their way with their current proposal, then in all likelihood there will be a tax increase and middle income earners will be hit the hardest.  Anytime I hear President Obama or the Democrats speak about the top earners needing to contribute their fair share of taxes, I'm going to automatically assume he's speaking of those that make $250,000 or less.  The super rich aren't going to pay extra taxes.  Instead, they'll find a way to pass off the costs to those it will hurt the most by raising prices.  In spite of the fact that raising taxes are going to hurt middle-class Americans, President Obama is insistent upon making sure there will be a tax increase.  This particular plan from the "Gang of Six" could be one way that some Republicans will cave in if this proposal passes the Senate.  What's surprising is one of the members of this "Gang of Six" is Tom Coburn, who is considered a fiscal conservative supposedly.  Is he going to cave in on tax increases?  It wouldn't surprise me because he's a politician.

The problem, as I've repeatedly mentioned, is out-of-control spending.  That's why we have a huge deficit to begin with.  Congress refuses to spend within its means.  Sadly, I don't think it's an accident.  I belive it's part of the global agenda to financially collapse the economy of the United States.  The spending is insane.  The Republican leadership is looking for an excuse to cave in to allow the debt ceiling to be raised without losing their core base support.  If the Republicans in the House were serious about eliminating wasteful and unconstitutional spending, they would be using their power in Congress to defund those programs that are wasteful and unconstitutional.  They won't do that.  The attempt to pass a cut, cap, and balance bill will fail because the Senate and the presidency are controlled by Democrats.  The Republicans in the House could stop many of Obama's programs but they won't.  I have a problem in finding an excuse to raise the debt ceiling when there hasn't been any elimination of unconstitutional spending.  As far as revenue is concerned, the way for the government to draw more revenue is to revoke many of the regulations placed upon business which do nothing but hinder them from hiring more workers.  If more private sector jobs are created, then more revenue will go to the federal government. 

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