SandBox Comments: Eagle County Times "Quote of the Week – U.S. Senator Marco Rubio (R-FL)"

Topic:  Senator Rubio’s letter to the White House – January 6th 2012

Subject:  In the 3 years of the current White House Administration – this is the 6th request by the President to ask Congress to raise the U.S Debt Ceiling.

Rubio to the President…

“When you served in the Senate in 2006, you called raising the debt limit “a sign of leadership failure.” Using your own standard, this request will mark your sixth “sign of leadership failure” on the debt ceiling issue alone.  Throughout our history, Americans have revered courageous leaders and celebrated them as profiles in courage. Unfortunately, the first three years of your presidency have been a profile in leadership failure.

For a complete copy of the Senator’s short two page letter (Click Here)

ECT Comment:  The 6th time he’s asked for a Debt Ceiling increase?  Didn’t this guy campaign on a promise of (Change?)

(Click title for more from the ECT guys.  Comment to discuss)

SandBox Comments: Aspen Times/Melanie Sturm "America's New Years resolution: fiscal fitness"

"...Like a long-running soap opera whose actors change though the story line doesn't, we spend $4 billion more than we have every day — and growing. Since 2008, spending skyrocketed past our historical average of 20 percent of gross domestic product to 25 percent.

The problem isn't merely the amount of debt — though as Sen. Obama asserted before voting against the 2006 debt-ceiling increase, “Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren” — it's the size of the debt relative to our economy that reflects poor economic health. With our debt-to-GDP ratio at 100.3 percent versus 69.8 percent in 2008, we're living on “borrowed” time unless politicians stop deluding themselves that a stagnant private sector can finance a growing public sector.

The eurozone crisis offers America a timely warning that the battle of the spending and debt bulge is an existential one. Europe's saga is our “Chronicle of a Death Foretold,” except America can avert doom by slashing spending levels and lifting private-sector burdens. If Sweden, Ireland and a new reform-minded Spanish government can do both — the reverse of what we've done during the Great Recession — America should, too...."
(Melanie Sturm)

(Read more?  Click title. Comment to discuss)