Speaker Boehner claims this deal is a step in the right direction and I got an email from Representative Gregg Harper letting me know that he was proud of the work Congress did and that he didn’t feel like he compromised violated his conservative principles.

In fact, here’s the direct quote from his email:

The “Budget Control Act of 2011” would cut and cap spending by $917 billion over 10 years, exceeding the $900 billion debt limit increase. This legislation also creates mechanisms for additional budget savings of $1.5 trillion over the same time period and requires both houses of Congress to vote on a Balanced Budget Amendment this year.

When debt increase discussions began, the White House initially demanded a clean debt limit hike with no spending reductions or budget reforms. The administration then shifted to a “balanced approach,” demanding equal parts spending cuts and tax hikes. Ultimately the agreement will cut government spending more than it increases the debt limit, implement spending caps to restrain future spending and advance the cause of a Balanced Budget Amendment, all without increasing taxes.

This Republican framework adopted by Democratic legislators does not violate my conservative principles and aligns with my commitment that Congress must act immediately to drive down spending and shrink the size of the federal government.

[Emphasis added by me.]

So, why don’t I feel better?

Where’s that warm fuzzy feeling that usually helps me believe that our best days are still ahead of us?

Instead, all I seem to be left with are questions.

• Why does the Vice President think that the people who try to stand up and argue against the conventional wisdom of tax, borrow and spend are terrorists? Does he really believe that common folk who stand up to protect liberty and freedom are the moral equivalent of suicide  bombers? I thought we were past all that.

• Why does Speaker Boehner believe that “a step in the right direction” is enough? This is not a game and yet every person on the big stage seems to think it is. Our economic ship is sinking and we need more than just a step toward getting a bucket, we need to start bailing as fast as we can. Boehner and the House of Representatives had the best leverage they will hold in the next 18 months and they accepted far less than they had to. I do not believe the predicted default was real nor do I believe the Government needed to close in order to get a better deal. The default deadline was arbitrary and yet when push came to shove, instead of forcing the President or the Democrats put some real offers on the table, the Republicans freaked out and started competing with themselves to see who could come up with the most Liberal-Lite plan they could.

• Does it surprise you that by this morning reports were coming out that the deal wasn’t as good as we were told it was? Remember when Pelosi said that we’d have to pass the Healthcare Reform Act to find out what was in it? What happened to the 3 day posting online pledge? For that matter, what happened to the Cut, Cap and Balance pledge? Is it any wonder why no one trusts politicians? Consider Rand Paul’s open letter that predicts this deal will still add an additional $7 Trillion to the debt because the cuts are to the baseline expenditures which are projected to grow by $10 Trillion over the next 10 years. Basically he argues that once again Congress and the President have come together to ‘slow the growth’ of spending and not actually cut spending itself. Exactly how can slowing the growth of spending be considered a cut?

• Why is it that no one seems to mention the fact that President Obama held out for one thing in this deal and ultimately got exactly what he wanted? President Obama wanted a long term deal. Well, not really that long, but longer than a short term deal. A short term deal would mean that the debt ceiling issue would be back on the table right smack in the middle of….wait for it…..wait for it…his Re-Election Campaign!!!! Why do you think that would be and why do you think Republicans would go along with that? Could it be that they think we are idiots with faulty short-term memories and that we’ll just forget about the National Debt by November of 2012? Did they think that if they just averted default we would all fall to our knees and thank the Washington Elite for saving us from such a terrible fate? Apparently, Obama believed that enough to risk everything to get what he wanted. What have any of them done to make us think that they are more interested in saving the Country than in saving their jobs?

• Why is Harry Reid still in the Senate at all? How can a Senator end up filibustering his own bill? I guess we should start calling him, Harry “DOA” Reid since that is the only type of bill the House can send to the Senate.

• Why did Rep. Harper use the word “would” instead of “will” in his description of the cut and cap spending benefits of the “Budget Control Act of 2011″? It seems to me that his choice of words is important and “would” is a lot more passive than the word “will”. We have been told that if they hadn’t passed the Stimulus Package things “would” be a lot worse. Is this the same kind of use of the word? Does the word “would” give everyone wiggle room so that if the situation on the ground changes in the next three years they can simply decide not to go through with the cuts that “would” have gone into effect. Additionally, what are “mechanisms” and how will they create savings? Are “mechanisms” budget tricks like we’ve seen before or are they real opportunities to try and cut more? Mechanisms is one of those words like infrastructure. These words are often used to describe something that sounds concrete, but may not actually be so. I really want to learn more about these mechanisms and how they work. The only mechanism that I’ve seen so far is the one that allows an additional automatic debt limit increase initiated by the President which can only be stopped by a 2/3 vote of Congress. How is abdicating any role of Congress to the President a good thing?

• Why are spending cuts spread over 10 years and the debt limit increases are immediate? According to Rep. Harper’s email, the difference between the “cuts” and the debt increase is an paltry $17 Billion. And, that does not take into account present and future values of money. If we assume a 2.77% interest rate, then the present value of the cuts over 10 years works out to about $697,759,519,713.19 ($698 Billion) which by my calculation is a lot less than the present value of the $900 Billion debt ceiling increase. Ultimately, it means that when you consider the time value of money, Congress traded $900 Billion of debt in today’s dollars for just $698 Billion of cuts in today’s dollars. And these number do not  include the automatic second increase in the debt ceiling. How can that be good? (I’m sure that someone else can do a much better job than me of estimating the actual present value of the cuts, but since we don’t know what the cuts will be nor do we actually know when they will take effect, this is sufficient for this discussion. And just for the record the 2.77% interest rate used is the current 10 year T-Bill Rate quoted by the U.S. Treasury today.)

• Why does this deal feel more like just another Continuing Resolution instead of real cuts? More to the point, it reminds me of an alcoholic who when confronted promised to “cut back” on his drinking. Both he and his family know he’s not going to stop, but the promise makes them all feel better and they can go back to their lives believing they have accomplished something important. The only accomplishment I can see coming from this debate is that we had the debate at all. My gut told me from the beginning that the results were going to be terrible; however, in fairness to some of the new members of Congress, we wouldn’t be having even the debate if they had not gone to Washington and stood up for the folks back home. When was the last time you even remember there being ANY debate about raising the debt ceiling? Most of the time it has been buried in procedural votes that no one even paid attention to. Now that at least the dirty secret of our debt crisis is on the kitchen table it will become a campaign issue that will lead to even more turnover in Washington. The question is: Can the economy or the Country wait that long?

If you listen to Dave Ramsey, you know that to get out of financial ruin, the first step is to cut up the credit cards and the second step is to start eating beans and rice and rice and beans until you can get back on your feet. Stepping back from the edge of financial ruin requires discipline and commitment both of which seem to be sorely missing in this debate. You cannot borrow your way into wealth and you definitely cannot borrow your way out of debt.

In the end, I’m left with a knot in my stomach, fear in my mind and one simple, burning question to which if I could get an honest answer, I’d probably be so shocked that I’d forget about all the other questions:

How can Washington with a straight face try to convince us that a bill that is supposed to hold the line on spending is a step in the right direction when it will increase the debt instead?

(CNSNews.com) – The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.

During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.

At the same time, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March. That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 [billion] in net federal tax revenue for the month.

Harry Reid can try to point his crooked little finger at Tea Party people all he wants, but the facts are that the United States should not and cannot sustain this level of irresponsibility on the part of its leaders, Democrat OR Republican.

A business spending 8 times its revenue in single month might raise some eyebrows especially if the expenditures aren’t for capital improvements. But the problem is that this isn’t a one-time overspending with extraordinary circumstances. This is the norm for our Federal Government. This spending spree has been going on a long time, but it accelerated once Pelosi took over the House Leadership more than four years ago.

Our Country is bleeding red ink. Tea Party members have been screaming that we cannot sustain this lifestyle. As individuals we know that if we spend more than we make for an extended period of time, the debt crushes our households, devastates our families and endangers our children. Financial woes are the biggest cause of divorces in our Country. The children of such divorces are the ultimate losers since strained financial resources are split even further. The same is true at the Federal Level. Our children and their children’s children will be the ultimate losers if we don’t stand up, take responsibility and pay our debts.

In all my years of watching politics, I’ve never seen the arguing and verbal abuse that is taking place between supposedly good people. Why are Harry Reid and Charles Schumer so hell-bent on making our financial situation about the Tea Party? Are they falling into the same old cliche of killing the messenger? Or, are they looking to divert attention from their mis-management? Is it time to start some long deserved investigations into these and other Congressmen and Senators? This situation is reaching a point where in business someone would go to jail for this kind of abuse of power. Bernie Madoff is starting to look like a piker at this point.

From the beginning a cornerstone of the Tea Party Movement has been a focus on the lack of Fiscal Responsibility on the part of our elected officials.

Ronald Reagan once said:

“We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.”

However, there’s another difference between sailors and Democrats/Liberals: When sailors run out of their own money they quit drinking, head back to the ship, sober up and go back to work. But Democrats aren’t spending their own money, we’ve basically given them an open bar with no tab and they have no intention of stopping until the party is shut down by the police.

The message the Tea Party has been promoting from the very beginning has been that we cannot continue to spend our resources without regard to the future. For over two years, we have argued against unreasonable and unjustifiable expenditures. We worked hard in the last election to make our voices heard and now our elected officials wonder in fake surprise and dismay as to how we could possibly be upset over these little, old Continuing Resolutions or how we could ever be upset over raising the debt ceiling just a little bit.

Do They Not Get It?

Can elected officials really be that stupid?

I suggest that the Tea Party Movement consider adopting a new message:

Shut it down. Shut It Down NOW!

Here’s a list from the story of other NO votes on Pelosi’s flip target list:

Baird, Gordon, Altmire, Boccieri, Kosmas, Murphy, Markey, Teague, Kucinich, Tanner, Boyd, Matheson, Nye, Barrow, Davis – TN

You can access a full list of telephone & fax numbers for all Blue Dog Democrats in the House on our website:

http://www.meridianteaparty.com/index.php/links/blue-dog-democrats/

Rep. Bennie Thompson (D) voted for this bill. Click on his name to access his website, just in case you you woud like to drop him a note or give him a call. Next year, remind all your family and friends who might be in Bennie’s district to work hard to vote this man out of office.

 FINAL VOTE RESULTS FOR ROLL CALL 477

(Democrats in roman; Republicans in italic; Independents underlined)

      H R 2454      RECORDED VOTE      26-Jun-2009      7:17 PM
      QUESTION:  On Passage
      BILL TITLE: American Clean Energy and Security Act

—- AYES    219 —

—- NOES    212 —

—- NOT VOTING    3 —