The Aberdeen American News has lost patience with our lone
representative in the U.S. House, Kristi Noem.
Rep. Kristi Noem, R-S.D., has talked herself
into a problem. She has caught herself
between pleas for relief for West River ranchers who lost thousands of cattle
and tea party conservatives who want to
limit government no matter the cost — even at the expense of relief for
ranchers, such as the ones Noem represents…
When Noem could choose — voting for the best interests of South Dakota
and the nation, or staying in the good graces of the fringe conservative
movement — she voted with the latter.
That is a special kind of reasoning. If you refuse to vote for all the spending
that everyone wants, you are voting against West River ranchers, the nation,
mom and apple pie. If you believe, as
Rep. Noem does, that we ought to be concerned about the nation’s $17 trillion
dollar debt, that makes you a “fringe conservative”.
The Obama Administration, much of Congress, and just about
all of the media, have been working overtime to convince us that we can’t
reduce federal spending by a single penny without triggering the
apocalypse. One way to do that is to
talk as if failing to raise the debt limit means that the U.S. Government will
automatically default on its debt.
This is nonsense. If
the spending bumps up against the debt limit, that means that the Treasury
could not borrow any additional money. There
is plenty of revenue flowing into federal coffers to cover interest on the
national debt and that interest will be paid as the Constitution requires. What would happen is that we would quickly
run out of money for new spending and then Congress and the Administration
would have to make some tough choices. I
am not saying that this is a good idea.
A sudden contraction of federal spending would be a serious shock to the
national and global economies. However, Democrats
in Congress and luminaries on NPR are constantly telling us that those opposed
to raising the debt limit are therefore in favor of defaulting the debt. That is a gross verbal inexactitude,
otherwise known as a big, fat, lie.
For decades the Federal Government has been making promises
it cannot possibly keep and spending money it does not have. Our fiscal situation is not sustainable over
the long run, as anyone who pays attention will be forced to admit. Yet we are told over and over that only a
wild-eyed extremist would be in favor of the smallest reduction in federal
spending. Sooner or later we will find
ourselves in the position that we really can’t pay the interest on our debt
without borrowing more money. At that
point the United States will have shrunk itself down all the way to
Detroit.
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