By Bill Smith on 3:08 PM
Bill Smith, Editor, ARRA News Service: In the "yesteryears" we used the term "the domino effect"to illustrate the spreading of communism. Cartoonist William Warren has now used dominoes in his latest political cartoon (below) to depict the coming collapse of the American economy.
Is there anyone "who cares" at the White House or in the Senate Democrat leadership and is also willing to stop or to help mitigate the coming economic collapse of America? Mr. Obama, we do not need anymore campaign rhetoric! The progressive liberals and even a few anarchist from odd political variations may be looking favorably toward the collapse of our country, but the rest of America is not.
Many House Republican have demonstrated their concern. They came to Washington with a clear understanding that they have no promise of returning for another term. They also understand that time is running out for certain problems to be resolved. They know they might be "out on the street" with their follow Americans if the economy collapses. Also, rumors are spreading of fear of a potential dictatorship operating out of the White House in the future if an economic collapse were to occur.
Yesterday, the ARRA News Service posted about 103 House Republicans supporting the the House Republican Study Committee's "Cut, Cap, and Balance” response to the debt limit and the bigger debt crisis that’s just over the horizon. It’s a simple, three-part plan:
- Cut spending to slash the deficit in half next year (requiring about $380 billion in spending cuts according to CBO)
- Cap spending so it aligns with average revenues (ratcheting quickly down to 18% of GDP from current 24%).
- Send a strong Balanced Budget Amendment to the states for ratification (with high hurdle for tax hikes and 18% of GDP spending cap).
[Snip - Remainder of Article]
By William Warren: "Today my cartoon looks at the debt crisis which is spreading from Europe to the U.S."
Tags: European Central Bank, France, Germany, Greece, Ireland, Italy, Political Cartoons, Portugal, Spain, U.S. Debt Crisis, William Warren, the economy, collapse of America, Anthony Weiner, US House, US Senate, White House, Cut, Cap, Balance, Bill Smith