Yeah, I know; I have had disagreements with him in the past. But here, Vance is right on the money. (To coin a phrase…)
John Boehner says its time “to get serious about our fiscal situation, both the deficit and our long-term debt.” He says he is willing to increase the debt limit as long as the deal includes “real spending cuts” and “reforms to restrain future spending.” But only future Congresses can restrain future spending. Boehner knows this. He knows that the current Congress he rules over can change anything that a previous Congress has done. Promises of future spending restraints and cuts are a ruse.
And something else that probably millions have wondered: Why didn’t the Republicans get serious about our fiscal situation when they controlled the White House and the Congress for a majority of the Bush years and could do whatever they wanted? Answer that Boehner, before you talk about restraining future spending.
via Only Future Congresses Can Restrain Future Spending « LewRockwell.com Blog.
I give credit where it is due and I criticize where I believe it is due too. Here, Vance is correct, very much so.
Just another footnote; these were also the idiots who were warned by the Bush White House, that the Housing Market was about take a major nosedive. What did they do? Nothing. Because they were making millions on it. For that, I believe, the Republicans will have to wear that little incident around their necks for a very long time.