In the Republican Weekly Address, Sen. Jon Kyl continued with more of the GOP's latest excuse for why no one can ever dare to take tax rates back to where they were when Bill Clinton was in office. Heaven forbid we can't raise taxes on the "job creators." Republicans care about job creation, alright ... just not in the United States.
Maybe once they've destroyed our economy entirely where people here will work for a few dollars an hour, those "job creators" will decide to start blessing us again and creating more jobs here at home. Kyl also seems to have a bad case of amnesia if he's not going to acknowledge just who did that "runaway spending" he's talking about here.
Kyl's part of the problem with his votes for the Bush tax cuts, the illegal invasions of countries that were not a threat to us and the giveaways to the pharmaceutical industry -- not to mention he and his fellow Republicans' aversion to any type of regulation that might have prevented the financial meltdown and subsequent bailouts that have done terrible harm to our economy.
Kyl claims that raising the debt ceiling without significant spending cuts would be irresponsible. Sorry Jon, but your reckless spending that you refused to pay for or even put on the books that caused us to go from a surplus to a deficit in the first place is what's irresponsible. Now your party just continues to prove that you're completely incapable of governing as well. Slash, pillage, burn and destroy is all these people understand.
Weekly remarks by Sen. Jon Kyl, as provided by Republican Party leadership
Good morning. I am Senate Republican Whip Jon Kyl of Arizona.
By now, most Americans know that lawmakers in Washington are engaged in a difficult debate about the nation’s ‘debt ceiling,’ the legal limit to the amount of money the federal government can borrow.
The debt ceiling is currently set at a little more than 14 trillion dollars, and if Congress and the president don’t reach an agreement to raise it by this coming Tuesday, the Treasury secretary tells us America will no longer be able to pay all its bills.
The consequences of missing this deadline could be severe, precisely because Washington....
...borrows so much money -- more than 40 cents out of every dollar it spends. So, spending would have to shrink by 40% very quickly.
What’s more, markets would likely respond, dropping in value and hurting the retirement savings of millions of Americans.
Republicans have tried to work with Democrats to avoid this result and put our country on a better path, but we need them to work with us.
We start from the understanding that the reason the debt ceiling is a problem is because of runaway Washington spending. So, Republicans have been united in the belief that raising the debt ceiling without making significant spending reductions would be irresponsible.
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