Wall Street Journal: I will vote to defeat an increase in the debt limit unless it is the last one we ever authorize and is accompanied by a plan for fundamental tax reform, an overhaul of our regulatory structure, a cut to discretionary spending, a balanced-budget amendment, and reforms to save Social Security, Medicare and Medicaid.[...]The arguments Rubio makes in his Op-Ed are the kinds of things the Republican leadership should have been saying loudly on November 4, 2010. Democrats have taken the lead in messaging with claiming that failure to raise the debt ceiling will lead to economic Armageddon.
Some say we will go into default if we don't increase the debt limit. But if we simply raise it once again, without a real plan to bring spending under control and get our economy growing, America faces the very real danger of a catastrophic economic crisis.
I know that by writing this, I am inviting political attack. When I proposed reforms to Social Security during my campaign, my opponent spent millions on attack ads designed to frighten seniors. But demagoguery is the last refuge of the spineless politician willing to do anything to win the next election.
Whether they admit it or not, everyone in Washington knows how to solve these problems. What is missing is the political will to do it. I ran for the U.S. Senate because I want my children to inherit what I inherited: the greatest nation in human history. It's not too late. The 21st century can also be the American Century. Our people are ready. Now it's time for their leaders to join them. [MORE]
Republicans were handed a mandate back in November, there is little reason to be coy about using it. Republicans should have set a firm goal of something like $500 billion in cuts for the 2012 budget then come up with only $250 billion worth of cut and then demand the Democrats come up with the rest. This would have been a far better strategy than letting Democrats sit back and demand Republicans detail where all the cuts are coming from.
Via: The Wall Street Journal