Super Committee: Both Sides Seriously Committed - Republicans To Finding Solutions, Democrats To Failure

First of all I think the whole idea of a "Super Committee" was one of the dumbest ideas since Keynes came up with the progressive economic ideology.

The top assistant whiner to the President, Harry Reid, is complaining "That Hobbit Norquist Stole My Preciuosnesssss".  Smitty at The Other McCain reveals what Gollum Reid had to say:

He suggested Norquist’s lobbying on the issue is at least one reason why the 12-member super committee hasn’t been able to achieve its goal: trillions of dollars in debt reduction stemming from some combination of spending cuts and new revenues. Several Republicans are wrestling with the fact that they signed Norquist’s no-tax-hike pledge amid debt talks.
“It’s obvious that Grover Norquist has a lot of pull in the Republican caucus and I think that’s an understatement,” Reid said. “So far, I haven’t seen any indication that Republicans are willing to agree to this balanced approach.”
Asked what the public should take away from the state of talks, Reid said, “maybe they should impeach Grover Norquist.”
Norquist later tweeted a response to Reid: “Dear Harry Reid: have a nice day. Think nice thoughts. Calm. Breath slowly. Keep hand in own pocket.”

What's not balanced Harry, is the fact that you and the rest of the Democrats want to raise taxes solely on those job creators who already pay 70% of the federal income taxes in our country.  The Democratic Party is singling out one specific class which already pays their fair share while 47% of Americans don't pay one red cent to the federal government via federal income taxes.  That is anything but a balanced approach.  I don't think Reid would recognize the meaning of balanced if a frying pan with its definition engraved on the bottom turned him into Pancake Harry.

As you will see below even Grover Norquist is losing his power-grip over Washington Republicans, just like Saruman lost his over Theoden.  Sen. Pat Toomey and the rest of the GOP dared to put forth a proposal which started to tackle our budget woes head on with serious compromises or concessions coming from the GOP.  One of the solutions that the GOP on the Super Committee proposed is closing tax loopholes.  I thought everyone wanted this? So, why oh why did those Democrats on the Super Committee fail to compromise and accept this worthy idea to fix the budget?  Failure was the end game for the Democrats.  Obama and the Democrats needed failure from the Super Committee so they could continue with their mantra claiming the GOP to be "obstructionists, uncompromising, and extremists" when in actuality the Democrats fit into those categories to a T.  

Senator Pat Toomey On The Debt Debate

I am proud to say that my senator, Senator Pat Toomey, has been outspoken and at the forefront of these debt talks. He is one of the co-sponsors of "Cut, Cap, and Balance" and has strongly criticized both the Democrats and the President on how they have handled the debt talks. Here is a speech which Sen. Pat Toomey gave on the Senate floor a few days ago. In the second video he talks with Sean Hannity on the whole debt debate drama.

Senator Pat Toomey's Balanced Budget Proposal

My senator from the great state of Pennsylvania has put together a budget proposal.  I have to say that I am proud to have Pat Toomey as my senator.  Senator Pat Toomey's budget simplifies the tax code, balances the budget in nine years, and reduces the publicly held debt from close to 70 percent of GDP today to 52 percent by 2021.  He does this by reducing the spending to 18.5 percent of GDP.  He decided to focus on one thing at a time, first proposing a balanced budget but he does know and understand that social security needs to be reformed.  Overall, I have to say that I am pleased with his budget proposal.

Here are the cosponsors of the Budget Proposal:

Cosponsored by Sens. Jim DeMint (R-S.C.), David Vitter (R-La.), Tom Coburn
(R-Okla.), Richard Burr (R-N.C.), James Risch (R-Idaho), Marco Rubio (R-Fla.), Ron
Johnson (R-Wisc.) and Mike Lee (R-Utah)

Pat Toomey states:


Let me just mention one other thing. It's my view that a permanent solution to the
fiscal challenges that we face will require broader reforms than what we have in
this budget. For instance, ultimately, we need to reform the Social Security
program; we need to reform Medicare. But this budget represents what we think of as
a necessary first step. It reaches balance. It does so within the foreseeable
future, within 10 years in fact, and in the process, I hope that it will demonstrate
and earn for us a restored trust in our ability to grapple with the big problems
that we face. This in turn, will buy us the time we need for the long-term reforms
for our federal budget.

I'm not aware of any country that has ever dramatically grown its government,
generated massive spending beyond its means, run up huge deficits, accumulated
massive debt, monetized part of it and then lived happily ever after. We won't be
the first. We're either going to stay on this current path and suffer the
consequences that will come from this very irresponsible spending - the consequences
of diminished opportunity at best - or we're going to depart from this path and
adopt the fiscal discipline that our constituents expect of us and adopt the
pro-growth reforms that will allow our economy to recover and allow us to enjoy
another great American century.

The time to choose is now. And the time is running out.
 

Here is an overview of Sen. Toomey's balanced budget proposal.

1 Pager- Balanced Budget Resolution FINAL

Here is a more detailed overview of Senator Toomey's balanced budget proposal.

Restoring Balance Final

Sen. Pat Toomey Has a Great Idea on How to Freeze the Debt Ceiling Without Risking Default

Sen. Pat Toomey - Those words sound really good! -  has not bought into the "sky is falling" mentality that Obama, Democrats, and others within the Obama administration have been expressing regarding the debt ceiling.  He even points out that it is NOT a necessity to raise the debt ceiling but in fact emphasizes that if the debt ceiling is raised and congress continues their enormous spending spree, business as usual, then the ramifications would be staggering.  Pat Toomey says there is an alternative.

He is introducing legislation "that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised. This would not only ensure the continued confidence of investors at home and abroad, but would enable us to have an honest debate about the consequences of our eventual decision about the debt ceiling. If we do not raise it, the government's tax revenue will enable us to fund roughly two-thirds of projected expenditures, including interest payments. Without the ability to borrow the other third, spending cuts would be sudden and severe: Projects would be postponed, some vendor payments would be delayed, certain programs would be suspended, and many government employees might be furloughed. Default would easily be avoided, but these cuts would certainly be disruptive. That's why I hope we can avoid this scenario." 


Pat Toomey points out: 


The recent surge in spending, both in absolute dollars and as a percentage of our GDP, has driven us to record deficits and an explosion of debt. The growth in discretionary spending has been the most dramatic, but in the future mandatory entitlement spending will be the deficit driver. Congress must address both in order to put the government back on a sustainable fiscal path.

The vote on whether to raise the debt ceiling—and, if so, by how much—is our best opportunity to insist that any increase in our nation's debt be coupled with concrete steps toward fiscal sanity. Congress should make increasing our debt contingent on immediate cuts in spending and effective reforms of the spending process that helped get us into this mess.

For too many years, Congress has ignored or exacerbated the looming fiscal crisis created by overspending. Last fall's elections were largely a call to finally deal with this imminent threat, and the vote on the debt ceiling is Congress's opportunity to begin making real progress. We can do so without jeopardizing the full faith and credit of our country—and we should.

I agree with Pat Toomey. This out of control spending must stop!  It also sounds like Afghanistan is on the correct path now.  With the coordinated effort of both our troops and Afghanis hopefully this positive trend will continue.