Commentator Jerry Newcombe on Debt Deal
Rev. Austin Miles
crazy debt-ceiling frenzy going on in The House on The Hill
has everyone's head spinning while bearing witness to the
strangest display of logic, statistics and math ever recorded. White
House Wisdom has showered us with glowing examples, such as "raising
the debt in order to bring down the debt." How's that again? Since
economics, debt based government, and bookkeeping were never strong
points with this writer-commentator, and being no match for the White
House Wizards of Monetary Muckery, the keyboard has been surrendered
to TV producer, author, and popular radio host Jerry Newcombe who puts
in a perspective that those scratching their heads might understand.
Just Who’s Happy with the Debt-Ceiling Deal?
Reagan once said about runaway government expenditures, “We could say
they spend like drunken sailors, but that would be unfair to drunken
sailors, because the sailors are spending their own money."
has now passed into law a bill to raise the debt-ceiling and supposedly
cut the projected growth of government by a few trillion over the next
decade. Meanwhile, the August
2 crisis of a default on our debts has been supposedly avoided. And
it seems that neither side is fully happy.
the one hand, I hear the Tea Party being given credit for helping to
frame the debate. On the other hand, I hear many of the Tea Party members
themselves questioning the wisdom of the whole day.
from the left includes Chris Matthews of MSNBC, where, for example,
he asked one guest, "Why did [Obama] let this develop for six months...this
drum roll of the Republicans saying, 'We've got the baby. You don't
get the baby back unless you pay us?' Why do you let the other side
have the baby, to use kidnapping terms?"
McCain called the Tea Partiers “hobbits.” Joe Biden called them “terrorists”
(according to eyewitnesses). Harry Reid calls the rise of the Tea Party
movement “very, very disconcerting. But one Missouri Democrat called
this deal “a sugar-coated Satan sandwich.” I’m not exactly sure what
a Satan sandwich is, but I’m sure it’s not good (unless, I suppose,
it’s deviled ham).
I also hear conservatives decrying the new move. Rush Limbaugh said
on his program of the whole debt-ceiling deal, “I see an absolute, total
waste of effort, a total waste of time.” The Speaker of the House, John
Boehner acknowledged that the recent vote was not the best deal around,
but it was stepping in the right direction.
Congressman, Allen West, an overall hero in my book, explained why he
supported the compromise deal. He said the deal is a step in the right
direction. He said that it requires five miles to turn an aircraft carrier
around. How can we possibly undo all the recent runaway spending in
Tony Perkins of the Family Research Council expressed some disappointment
with the deal, noting, “As with the budget debate, there is some genuine
disappointment on the part of conservatives, who had come to Washington
to change the culture---not just change the conversation.”
P. Jeffrey of cnsnews.com points out that the increase of the debt-ceiling
limit is the largest in the history of the republic---by a margin of
half a trillion dollars. So how is it that the Tea Party supposedly
won this debate?
Media Research Center said of the deal that it “doesn’t actually ‘cut’
any spending as it doesn’t touch entitlement programs and allows discretionary
spending to grow by tens of billions each year.”
it seems that the mainstream media allowed one liberal legislator after
another to bemoan the bill. Minority leader Nancy Pelosi said it will
hurt real people. (As opposed to fake ones?)
Lauer asked a presidential aide, "The President clearly wanted more
revenues, he wanted to raise taxes on wealthiest Americans, he wanted
to get rid of some tax cuts for corporations. Those are not in there.
Is the fight over taxes over and did the President lose it?"
the mainstream media and liberal politicians are to be believed, the
conservatives won (supposedly) at the cost of the country. And Harry
Reid vows to spend all the new money allowed by increasing the debt-ceiling.
Who’s going to pay for all this stuff? Oh yeah, our children and grandchildren.
me, runaway government spending, in general, is like a father going
into his three-year old’s room, breaking open her piggy bank, stealing
all the money, and leaving a note. Not an IOU. But a UO-me.
debt ceiling has now exceeded the $14 trillion dollar limit to just
over $16 trillion. Rounding off the numbers, assuming there are 300
million Americans, that means each of us---man, woman, child, newborn
baby---owes $46,000 now. Soon we will each owe $53,000. Ouch.
way our government spends future money reminds me of a classic
scene from a W. C. Fields movie, where he walks into a saloon and asks,
“Was I in here by chance last night and did I have a $20 bill?” “Oh
yes,” replies the bartender, “You spent the whole thing.” “Oh, what
a load off my mind,” says W. C. Fields. “I thought I had lost it!”
Newcombe is the senior producer and host of The Coral Ridge Hour. He
has also written or co-written 21 books, including The Book That Made
America: How the Bible Formed Our Nation. Jerry co-wrote (with Dr. Peter
Lillback) the bestselling, George Washington's Sacred Fire. He hosts
the website www.jerrynewcombe.com.