Miu Miu Bow Bag Silver Hardware

Miu Miu Bow Bag Silver Hardware

Tea party "lie" No. 3, Press continues, is "that it doesn't matter whether we raise the debt ceiling or not." Suppose that your debt were eight times your annual income and that you continued to spend at 40 percent more than income every year. Do you think the bank would increase your credit limit? Would a credit limit increase solve your problem or save your credit rating? The fact is that you would be destined for bankruptcy either way, Gucci Bags Green

Miu Miu Bow Bag Silver Hardware

Miu Miu Bow Bag Silver Hardware

Miu Miu Bow Bag Silver Hardware

Miu Miu Bow Bag Silver Hardware

Miu Miu Bow Bag Silver Hardware

Miu Miu Bow Bag Silver Hardware

Currently the federal government is on a credit card binge, borrowing 41 cents of every dollar it spends. This deficit spending is adding $4.1 billion per day ($1.5 trillion per year) to the national debt. Is this not a serious problem? How long do you think you could run your household with 41 percent of spending on the credit card?

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The second "lie," says Mr. Press, is the tea party claim that balancing the budget will require cuts in Social Security benefits. "Not true" says Mr. Press, "the Social Security trust fund has a $2.6 trillion surplus." The flaw here is that the "so called" trust fund is merely a bookkeeping entry. There is no cash, only treasury notes that are already a significant part of the national debt. The federal government has already "borrowed" and spent all of that money and will have to borrow more to pay it back to Social Security recipients.

´╗┐Reckless spending at root of government's problems

"there he goes again!"

The first "lie" according to Mr. Press, is the tea party claim that debt reduction is the No. 1 problem Gucci Backpack Kids

I'm writing in response to the Bill Press column in the July 25 Sentinel Enterprise in which he accuses the tea party and conservative Republicans of lying about the debt ceiling debate.

and the only difference would be the severity of the crash.

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facing that country. "Not so," says Mr. Press, and he cites a couple of public opinion polls to "prove" that the No. 1 problem is creating new jobs.

There are two flaws with his argument on this point. The first is that he is confusing opinion with fact. Just as majority opinion is not necessarily "truth," neither can it be said that minority opinion is a "lie." The second is that the tea party is not calling for "debt" reduction; it is calling for "deficit" reduction. "Deficit" is the shortfall between spending and income.

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Mr. Press ends his column with the statement "there are too many politicians spreading lies," and I agree, Miu Miu Bow Bag Silver Hardware but the lies are not coming from the tea party. The problem is not the debt ceiling or the credit rating; it is the reckless spending, and that's the truth.

"Well," as President Reagan used to say, Gucci Crossbody Sale

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