Ed's Blog

"Some people know everything, but that's all they know."

SHOWDOWN AT THE DEFAULT CORRAL

Washington, D.C., these days is a lot like Tombstone, Arizona, in 1881. Two headstrong groups that deeply distrust each other are engaged in a conflict for power and influence that inevitably will result in a historic showdown. That showdown may or may not come on August 2, 2011, when Congress must raise the debt ceiling. More likely, it will come on Election Day 2012. But as sure as the Gunfight at the O.K. Corral determined the future of Tombstone, the showdown at the default corral will determine the future of the United States of America.  (More)

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19 Responses

  1. Lew says:

    Yeah, Ed, but who will take the roles that Kevin Cosner and Dennis Quaid played in the Showdown at the movie version of the Oval Office Corral?

  2. Reposted from LinkedIn says:

    Group: Conservative Networking

    I think this debt ceiling debate will significantly impact who wins in 2012. If the GOP gets rolled once again here, many question why we would vote for them yet again. They have the power to hold the line.

    Posted by Jerry Walling

  3. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    Most excellent article. Should be the lead editorial for all major newspapers.

    Posted by John Flynn

  4. Joe Lazzari says:

    See that you remember something from your year in AZ! The next 18 mos scare me unless cooler heads prevail.

  5. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    From Jan 2009-2011 the Democrats controlled the entire apparatus,and failed to pass a federal budget, and did absolulely nothing to avert the present crisis. Even though they knew it was coming. The Republicans captured the house largely due to the unbridled spending behavior of a runaway Congress and a Marxist administration. They are just beginning to apply the brakes on this speeding locomotive that is rushing toward a collapsed bridge. Default will come if we allow spending to continue out of control. The debt limit is tough medicine, but if we don’t stop the train now, it will go over a cliff.

    Posted by John Tucker

  6. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    And, in stark contrast to the original article, the diatribe posted above is representative of the one-sided unreasoning intransigence that is causing our problems. There is plenty of blame to be assigned to the hard-liners in both parties. What we need is reasonableness and clear thinking, unfortunately that seems to be in very short supply.

    Posted by John Flynn

  7. Reposted from LinkedIn says:

    LinkedIn Group: Conservative Networking

    What NOT raising the debt ceiling will do …. will cause those passive noncommital indiviuals, who hold the purse strings, to be forced to declare where they will and must cut the bereauacratic projected spending …..We WILL NOT be in default! The “what ifs” propaganda, of the fear moungers, won’t happen.!! There IS enough monthly revenue derived from existing sources… so that the ” third rails” of soc.security, medicaid /medicare and military committments, will be paid with plenty left over….The markets will NOT go into a “panic and our credit rating WILL be enhanced by providing the confidence that OUR fed gov”t IS reponsiblie to make the necessay cuts and put OUR house in order. If a quarter of a million “non essential employees” of the fed gov”t… can be told not to report to work because of inclement weather…. certainly they can be resigned to “essential ” tasks or let go!!

    Posted by ToshibaBob Weinhardt (LION)

  8. Reposted from LinkedIn says:

    LinkedIn Groups Group: Conservative Networking

    I agree, no deal is better than a bad deal. The House compromise really needs to be the hard line. Boehner can not go and blow it again with another defeat like this deal on the budger CR. They have to be forced to cut starting now. Either in the controlled House passed Cut, Cap and Balance approach or via hitting the current limit.

    Posted by Jerry Walling

    • Peter Dai says:

      We miss the Great Communicator–Ronald Reagan, who can more skillfully articulate what’s at stake and more successfully negotiate a workable compromise. Obama is just too much a politician to rise above the socialist agenda, and to give the nation a vision of a statesman instead of a frontier gunfighter. Peter Dai

  9. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    Government by crisis is not leadership. Neither the president nor his allies have done anything but accelerate all the negative trends started by the prior administration. More spending, more unemployment, more wars…Finally some adults are in the room and demanding that good government requires responsible stewardship, not opportunistic demogoguery.

    Posted by John Tucker

  10. Reposted from LinkedIn says:

    LinkedIn Group: Conservative Networking

    Hold the line all the way. This has to be a give back time from the spending Democrats who compounded this issue and put the future of the American people in jeopardy. It is a time of testing the metal of the GOP in following the will of the people instead of the power of the Potomac waters.

    Posted by Jeffrey Fischer

  11. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    Good article, but apart from Political Partisanship, I am in favor of common sense in government that says that the ledger must be balanced, and you don’t spend what you don’t have. I am in favor of THAT position, whichever party has that idea in their platform and can do it humanely, yet preserving a primary function of government which is to provide for the COMMON DEFENSE!

    Posted by Dennis Trepanier

  12. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    There is some reasonable limit to how much anyone or any organization should be in debt and it clear the U.S. currently has too much debt. However, there are very few people, organizations or companies that only spend the money they have in hand, In fact, the whole economy would collapse if that was the case. Most people need to borrow money to buy a house and a car and to send their kids to college. Most companies have to borrow to grow their infrastructure. In times where there are downturns in the economy there will be less revenue coming in. That is exactly the time when the government may need to provide assistance in the form of extended unemployment benefits or other investment to help the economy recover. If there were a balanced budget requirement in place the government could spend less money in such circumstances, rather than more as would be needed. It might make sense to require a balanced budget over something like a ten-year period. That would allow for some flexibility in borrowing when needed. A strict year-by-year balanced budget requirement would be disastrous.

    Posted by John Flynn

  13. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    There is no incentive within government to be frugal. In fact, profligacy is encouraged. Having held the government check book as a project manager, I can assure you that all the incentives favor continuous growth. The system encourages unethical behavior. There is no good reason for our Nation to spend more than it takes in. A decade ago $2.4T was enough to run the government. Even with all the supposed efficiencies that were supposed to be achieved with various consolidations and re-organizations, has the cost of government really increased by 60% in under a decade?

    Its time to re-evaluate the need for several federal agencies. If the Department of Education were closed tomorrow, would all the nation’s schools suddenly shut down? If the EPA were closed would that prevent the various states from enforcing local environmental regulations? If FEMA were abolished would Americans stop helping their neighbors when disaster strikes? Do we really need a federally funded radio and television network? Or a taxpayer funded endowment for the humanities? We could get rid of the ICE, Border Patrol, TSA, Customs and BATFE for all the good they’ve done. Arizona has led the way showing how the states can do more with less, by just enforcing the law as it is written. Let the local cops do their job, and please get the feds out of the way.

    When are we going to declare victory in Iraq and Afghanistan? Are we supposed to babysit them forever. When are the Europeans going to stand up and provide for their own defense? Japan? Taiwan? Israel? Pakistan? Egypt?

    I want a strong national defense. And it is not our military that is breaking our fiscal back. However our current stategic posture is breaking the back of the military. Its time to relieve, recapitalize and retrain. We can’t keep them on a constant war footing indefinitely. Even the best fighters in the world look relatively vulnerable after being in 10 consecutive rounds. We need to get them home and prepared for the next one while we still have time and resources to do it.

    The whole debt dance was farce from start to finish. The President failed to lead, or be the responsible adult. He could have avoided the drama by assuring everyone that all the debt payments would be made on time and that Social Security checks would go out. A temporary closure of non-essential government services was the worse case scenario, yet it got hyped as a potential default. But drama serves this President’s agenda, “never let a crisis go to waste.” Particularly the ones you create yourself.

    Posted by John Tucker

  14. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    I agree completely!

    Posted by Dennis Trepanier

  15. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    The only problem there is that Mr. Meade merely comments on progressives’ failures, including their failure to understand the changing landscape and why the majority of citizens distrust them, but doesn’t provide any insight or guidance on what we as a nation need to do to fix the obviously broken government we’ve allowed them to build atop our democracy. I think it speaks volumes that the only politicians that have any cache of trust, are those that declare their intention to step down. It’s only those who are not career politicians, or that are no longer beholden to campaign contributors that can be trusted to have their constituents or the country’s best interest at heart. The failure of the two party system is crystal clear when every crisis and debate turns into political hack-jobs gaming the process to seek control of an arm of our government at the next election cycle. It is patently clear there is no way, nor any will to change the affect of influence on our electoral process through campaign finance reform, so the only path to reclaim true representative democracy in the United States is Term Limits. Then and only then will we remove the teeth of special interest, and return governance to the people, for the people, and by the people, and not a special class of professional politicians and administrators.

    Posted by Louie Partida

  16. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    How about a law that reduces a office holder’s salary by 5% for each consecutive year he holds office?

    Posted by John Tucker

  17. Reposted from LinkedIn says:

    LinkedIn Group: Naval Postgraduate School Alumni

    No because they would turn to recouping the difference from speaking engagements and we’d get even less real ‘work’ from them.

    Posted by Louie Partida

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