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It’s the Spending, Stupid

Ted Cruz and Barack Obama
The Democratic Party’s Southern Sage James Carville pounded his colleagues in the 1992 Clinton campaign with the mantra “It’s the economy stupid,” as a way of enforcing a single-minded focus on that winning issue on the candidate and campaign.

As the country enters the next phase of the federal government “slimdown” fight Republicans need someone similarly single-minded to enforce a focus on Obama’s unsustainable spending and debt.

This is an argument that shouldn’t be that hard to make.

As Niall Ferguson observed in a recent column in The Wall Street Journal, “…the fiscal position of the federal government is in fact much worse today than is commonly realized. As anyone can see who reads the most recent long-term budget outlook—published last month by the Congressional Budget Office, and almost entirely ignored by the media—the question is not if the United States will default but when and on which of its rapidly spiraling liabilities.”

Ferguson went on to note that, “A very striking feature of the latest CBO report is how much worse it is than last year's. A year ago, the CBO's extended baseline series for the federal debt in public hands projected a figure of 52% of GDP by 2038. That figure has very nearly doubled to 100%. A year ago the debt was supposed to glide down to zero by the 2070s. This year's long-run projection for 2076 is above 200%. In this devastating reassessment, a crucial role is played here by the more realistic growth assumptions used this year.”

In other words, if one assumes that the Obama economy is the “new normal,” the date for America’s economic Armageddon has just advanced by some 38 years.

What this means, according to Jim Pethokoukis, the Money & Politics columnist-blogger for the American Enterprise Institute, is that “Over the next 25 years, Americans will be taxed more to pay for a federal government that will more purely become a redistribution, wealth-transfer mechanism.”

This ought to scare the pants off of everyone in America, short of the most hardcore socialists in the Obama wing of the Democratic Party.

However, the GOP is hobbled by the fact that it does not have a single leader to act as spokesman and advocate for its positions on spending and the debt.

Instead of one President standing on the bully pulpit in the White House Briefing Room Republicans have 280 (more or less) Members of the House and Senate of varying degrees of political skill scattered across the country.

And some of them are all too ready to give in to Obama and Democrats on shutting down the government over defunding Obamacare – and have frankly been part of the problem with regard to spending and the debt.

If Republicans are going to win the debt limit fight, and save this country from economic collapse, then a Republican with the kind of talent and zest for limited government constitutional conservative principles that Ted Cruz has shown in the Obamacare fight needs to step forward – and soon – to play the Cruz role in the impending debt ceiling battle.

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Ted Cruz shows great promise

Myself and our very large family have always been independents, but have voted for the repubs pretty much across the board since our votes in the 90's for Ross Perot and Pat Buchanan got Bill Clinton elected twice and we realized we couldn't split the conservative vote anymore even though we could hardly stomach some of the republican candidates! We did really like some of the candidates that ran in the republican primary last election, but were disgusted with having to vote for Mitt Romney in the end - but anyone was better than BHO so we choked and voted repub. But now we see a real hope for the republican party in Ted Cruz, he's bright, articulate, 100% conservative, and seems to have a backbone of steel when it comes to sticking to his convictions. I know he's new and hasn't been tested long, but we will be watching intently to see if he holds true to what we are seeing now. The man really gives us a HOPE that we haven't had for a long long time, that there is a conservative leader out there worth fighting for. How wonderful it would be for us hardcore conservative independents together with the grassroots republican base to rally behind a man who we could believe in and push him through to the nomination, sending the RHINO's quivering to their cloakrooms in despair (and hopefully out to retirement). I know if we could get a true conservative with Cruz's qualities on the ticket not even Hillary could come close to beating him since the conservatives would vote in masses. We can only hope and pray!