Debt Ceiling Debate

Hello everyone,

I have some exciting news.  I have been asked to be the Treasurer on a Congressional Campaign here in Texas.  I go into details on that at the end of this write up.

But first lets discuss the current fiasco in D.C.  Well it appears the Democrats and Republicans have come to an agreement on raising the debt ceiling.  If you read my blog back in January on the debt ceiling you probably think I have some sort of psychic abilities.  Well I don’t.  Once you understand that probably 80% of all politicians are only looking toward the next election it is pretty easy to figure out how these important issues will be voted on. 

 I expressed in my blog back in January that there was going to be a lot of bickering between the two sides but in the end they are more worried about getting re-elected than doing the “hard things” necessary to avoid a currency crisis.  I said that they would raise the debt ceiling in the end with no real changes to their excessive spending habits.  Well if you’ve looked at either sides plan, you’ll find this is exactly what they’re doing.

The deal that appears is going to pass today does essentially nothing to address the real cause of our spending problems: Medicare, Medicaid, and Social Security.  The so called “spending cuts” are not spending cuts in the way you and I think about our budgets.  Instead, the "cuts" being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases. 

As Ron Paul said today, this is equivalent to a family saying they are going to save $100,000 by not purchasing a new Lamborghini and instead buying a fully loaded Mercedes.  When in reality, their Toyota works just fine.  Our government is out of control…both aisles.

The results of this dog and pony show will be higher costs for commodities across the board as futures traders realize this is no plan at all and our government will have to continue to monetize (print) our way out of this debt.  This means higher costs for gasoline, electricity, and grocery bills in the not too distant future.  Our only hope to stave off higher inflation is if the economy goes into a massive recession which will help slow the cost of rising prices due to nobody being able to afford to pay the higher costs.  Not exactly something to hope for. 

The manufacturing index (a figure closely monitored on Wall Street) showed we look to be heading back into recession.  The Obama administration forecasted our GDP to grow by over 4% this year, in the first 2 quarters our GDP on average is about .8%.  We need a growth rate of roughly 9% for the next two quarters to make their projections.  Yet these same people claim they can forecast interest rates out 10 years and give us accurate predictions of our deficit in 2020!  What a joke!  They really think we are stupid to not be able to see through these shenanigans. 

As you all know, I am a staunch believer in Freedom.  I have been asked to be the Treasurer on the Brian Matthews for Congress Campaign here in Texas.  Brian Matthews is an elder at my Church.   God called me for some reason to send my blog to him, and he responded with wanting to get together to get my opinion on my view of government.  He is a Constitutional Conservative, and is as concerned as I am how both democrats and republicans have lost their way.  We see pretty much eye to eye on 98% of the issues.  We are trying to raise as much funds as possible since there is sure to be many opponents in this race.  There is no incumbent since this is a new district so we have a good chance of winning.  But even more important than funds, we need prayer.  Politics isn’t exactly for the faint of heart.  There is sure to be a lot of hurtful things said about us, and outright lies being spread about Brian Matthews, his family, and our campaign. 

Our message is based on three principles:  Faith, Family, and Freedom.  Brian Matthews is a small business owner; he is NOT just another career politician.  Please visit our website at BrianMatthewsforCongress.com and see where he stands on the issues.  Brian may be running for Congress in Texas but he plans on being a voice for Americans all over the country.  If you feel called to help us with a donation of any amount you can donate through our website or mail a check made out to Brian Matthews for Congress and mail it to 7401 West Slaughter Lane, Suite 5031, Austin, TX 78739. 

Thanks everyone!