Government
Herman Cain On The Debt Ceiling Crisis And What’s Really Behind It
- Posted on July 14, 2011 at 9:19pm by
Mike Opelka
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2012 GOP candidate Herman Cain was a guest on The Steve Gill Show today and the conversation included many topics, but we thought Blaze readers might appreciate Mr. Cain’s take on the Debt Ceiling crisis and why it even happened.
H/T Steve Gill
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Comments (100)
neverending
Posted on July 14, 2011 at 10:20pmHave a lot of respect for this genuine leader and Patriot. So nice to listen to a politician you can believe and if he messes up he comes out and says so. Go Mr. Cain!
Report Post »dr_funk
Posted on July 14, 2011 at 11:46pm*Ahem* Mr. Herman Cain is NOT a politician.
But I think politicians everywhere should appreciate the compliment in that mistaken association lol…
Report Post »dr_funk
Posted on July 14, 2011 at 11:46pmHerman Cain is a statesman.
Report Post »KICKILLEGALSOUT
Posted on July 15, 2011 at 12:31amSenator Obama in 2006
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.”
When Obama took office the national debt was $10.6 Trillion. He and the pile of Democrap majority in the House and Senate added almost $4 Trillion to our deficit right up to our debt ceiling. If it wasn‘t for their out of control spending we wouldn’t be having this debate. George Bush was bad enough and he added $4.6 Trillion to our national debt in 8 years, Obama did than in 2/3 years. You would have to be insane to vote another 4 years of Obamanomics.
Ron Paul/Herman Cain 2012!
Report Post »DTOM_Jericho (Creator vindicator)
Posted on July 15, 2011 at 12:51amAhem…Cain is a former Fed Reserve chairman and proud of it. Therefore he could never be anything but part of the problem. He is worse than a politician.
Report Post »Marylou7
Posted on July 15, 2011 at 5:53amHerman Cain is not only a Patriot and Statesman BUT also an excellent choice for our next President.
Report Post »huckleberry, 1 ea.
Posted on July 15, 2011 at 7:15amHerman is exactly what we need right now! As for his experience with the Fed, it means he gets them and understands that as much as we would like the Fed to go away now, it won’t. And, just like any good CEO, he will appoint people to his cabinet who know how to manage their “departments”. I am sure any areas he may be weak on will have an expert to handle the nuts and bolts of that position, i.e. Sec of State. A good President does NOT have to micro-manage….
Report Post »smithclar3nc3
Posted on July 15, 2011 at 10:28amCain would make an excellent choice and a shining example of the first real black president. The fact that so many black oppose him because he doesn’t the federal government to be a charity speaks volumes of where and why blacks cast their votes.
Report Post »slimster
Posted on July 15, 2011 at 12:24pmCain is an old Federal Reserve employee. He is no statesman. If he was a statesman he would at least require a full audit of the illegal banking system that has hijacked our country.
Report Post »VRW Conspirator
Posted on July 15, 2011 at 12:32pm@DTOM
Report Post »yes Herman Cain was on the Advisory Board to the KC FED – the MOST conservative monetary policy branch of the FED…during the mid 1990′s…a time when the national debt was less than HALF of what it is now, and the FED was actually doing its’ job, monitoring and controlling inflation. I doubt Mr. Cain knew anything about the 3.5 Trillion in loans to foreign banks (seeing as that all happened in the last 5 years) …everyone on that board attest to Mr. Cain’s EXCELLENT judgement on monetary policy, his clear thinking, and logical solution driven opinions.
Mr. Cain was not the Chairman of the FED…there is only one Chairman, he is based in DC. He was chairman of the Advisory Board to the KC FED branch President. Sort of like a Chairman of the Board of Directors and a CEO…one meets from time to time to oversee the CEO’s decisions but does not have an influence on those decisions…Mr. Cain NEVER set policy, he advised the man that voted with the other FED Presidents and the FED Chair in making policy, and that man voted for a more conservative monetary policy, not a Keynesian model like we have now.
Listen to his decisions, policies, opinions, and judge him by his character, not an appointment that he accepted because he was a SUCCESSFUL business manager and executive for multiple NATIONAL businesses.
TomFerrari
Posted on July 15, 2011 at 9:59pm“ALLOWED”???
HELL NO.
obama CAUSED IT!!
Without obamacare we wouldn’t be in a debt crisis!
obama INCREASED federal employee salaries by giving them a QUADRUPLE RAISE when he came into office – REMEMBER?
He has spent like no other president in HISTORY!
obama didn’t “ALLOW” it, he CAUSED it!!
Irresponsible spending is the cause, and obama has been the most irresponsible spend-thrift president in U.S. HISTORY!
Report Post »Richard Compton
Posted on July 14, 2011 at 10:17pmHow refreshing to here a real solution to the debt situation. He’s absolutely correct! This is the difference, he not a polititian he’s a businessman, and he knows how to get things done he has no agenda other then to do the right things to move the country forward. The biggest problem inside the beltway is those who work there. These so called leaders aren’t leaders, their yes men and women they’re owned by their big donors and they might talk a big game but once they get inside the beltway all bets are off. Hopefully a man like Herman Cain won’t let that happen to him.
Report Post »JUSTANOTHEROPINION
Posted on July 14, 2011 at 10:11pmAmen!!
Report Post »TheCenturion
Posted on July 14, 2011 at 10:21pmHerman is right about the “crisis” thing but, the “fear mongering” is not wgat it seems……. Obama is making a threat because he believes the republicans will be blamed and he knows he has a complicit media to carry that water.
Obama is very dangerous to our country!!
Report Post »obamamustgo
Posted on July 14, 2011 at 10:07pmGo Cain!
Report Post »PAINESMAN
Posted on July 14, 2011 at 10:04pmA constitution founded on these principles introduces knowledge among the people, and inspires them with a conscious dignity becoming freemen; a general emulation takes place, which causes good humor, sociability, good manners, and good morals to be general. That elevation of sentiment inspired by such a government, makes the common people brave and enterprising. That ambition which is inspired by it makes them sober, industrious, and frugal.
John Adams, Thoughts on Government, 1776
I especially like the part of this quote dealing with common people being brave and enterprisiing.
Report Post »WOW, how far we have fallen…………..
Beat Obama with a CAIN. Go Herman, we need ya!!!!!!!!!!!!
jzs
Posted on July 14, 2011 at 10:07pm“It’s easy to criticize, harder to offer viable solutions.” – JCS 2011
Report Post »Snowleopard {gallery of cat folks}
Posted on July 14, 2011 at 10:11pmWe need Cain and West; or ones like them. While indeed we may have fallen so far, I feel the basic material for all Americans to be brave and strong in any challenge is still there. There will always be some who will fail in the testing to come, some who will rise strong and bright in the trials of fire and mayhem, and most will be true to themselves and this land of ours.
We have for the most part forgotten how to do this; we are now awakening and relearning how, along with discovering once again how to dare to dream, and how to strive against the night.
The storm is here, and now is the time to stand; for the watchmen are giving the final warning. Will we heed it or go into the night alone?
Report Post »Steverino
Posted on July 14, 2011 at 10:25pm“It’s easier to be a critic than it is to be a craftsman.” Jimmy Page, ca 1972
Report Post »Eternally true words.
Time tells all…
Steve
bullcrapbuster
Posted on July 14, 2011 at 11:02pmThere we go,he offered the solutions. Too simple for liberal to understand.
Report Post »knotagain
Posted on July 15, 2011 at 1:13amMight be interesting for Cain and Obama to play a game called ‘Do My Job’. Cain be President and run the business in Washington and Obama could be responsible for a chain of Pizza Restaurants———wonder how long it would take to get my pizza! —-Oh well, there
Report Post »is a hamburger place down the street.
Exrepublisheep
Posted on July 14, 2011 at 9:56pmClinton left with a surplus. 10 years after Bush tax cuts we’re in this mess. 1+1=2.
Report Post »studentofeib
Posted on July 14, 2011 at 10:08pmNot sure how you arrived at your “username” ,, either your a fraud,, or ??? Oh Hell, I got nothing else!! Heres an idea,, do your own research. Like maybe,, oh I dont know,, the govts own stats?? revenue intake rose consistantly and noticably year after year after the tax cuts. Also,, a record 59 straight mnths of growth. So once again,, just because a liberal says it doesnt make it so!!
Report Post »PAINESMAN
Posted on July 14, 2011 at 10:08pmYou dont think Billy boy did that by his lonesome do ya!!!!
Report Post »Ask Dick Morris and Newt Gingrich to splain it to ya…
Heres a clue, His name was REAGAN.
Gripes
Posted on July 14, 2011 at 10:09pmBrilliant knee-jerk assumption. Study the “Laffer Curve” and you might get an idea how income tax works. That’s in Economics 101 (the kind that doesn’t praise Keynes all the time). You can also look at http://www.heritage.org/budgetchartbook/income-tax-receipts and see that income tax rate does not necessarily equate to income tax receipts.
Clinton’s “balancing” act was purely based upon him looting Social Security. Social Security made a profit. Instead of setting that money aside as an investment (as advertised), the money was used to pay for more spending.
Report Post »82dAirborne
Posted on July 14, 2011 at 10:10pmSo you are saying that Mr. Obama has been absolutely 100% ineffective? That nothing he has done/not done hasn’t made a bit of difference. We could have done without a President during his tenure. All of the trillions in new debt & deficit caused as a direct result of NEW programs and NEW spending have appeared as if by magic. The White House, the Senate and the House were firmly in the control of the Democrats. But it is Bush’s fault still?
When will Mr. Obama have any responsibility in national affairs? Or is he so meaningless that we should reset numbering our presidents as to omit his time in the Oval Office?
As it happens Mr. Obama has run up more debt than ALL previous presidents COMBINED! He was going to cut the deficit in half his first term. Not. He was going to end both wars. NOT (He started a third just for the bump in polling or just for the hell of it – I’m not sure which.) Gitmo closed? No. On & on & on……
Report Post »bigdave54
Posted on July 14, 2011 at 10:15pmI wonder if you noted the biggest years of Bush deficits were when democrats ran Congress, probably not.
Report Post »thermonator
Posted on July 14, 2011 at 10:17pmSimple theories for simpletons.
Report Post »I think there is more to it then that. Oh and by the way, republicans controlled Congress during Clinton’s time in office.
guntotinsquaw
Posted on July 14, 2011 at 10:20pmClintons “SURPLUS” was SOCIAL SECURITY…debt shifting…he kicked the can and here we are…now who is the sheep
Report Post »seeker9
Posted on July 14, 2011 at 10:27pmWould you get off the Bush tax cuts. All our history is why we are where we are. It is insanity to blame the current situation on one event. One could make the argument that Carter got us here. If you want the tax cuts to go away, EVERYONE would pay more, especially the middle class. Go campaign on that!
Report Post »guntotinsquaw
Posted on July 14, 2011 at 10:27pmBill Clinton left a “surplus” like he didn‘t inhale and didn’t have sex….he kicked the can, robbed Social Security….shifted the debt…robbed peter to pay paul…now who is the sheep
Report Post »KARP4CY
Posted on July 15, 2011 at 1:50amThere you conservative libertarians go again: letting facts and statistics ruin a perfectly good talking point.
Report Post »CommonSenseRN
Posted on July 14, 2011 at 9:55pmJust what we need, someone who speaks the truth and common sense. Real leadership has been lacking for many years in our government. They are politicians, not leaders. Cut up the credit cards (I had to years ago when I was in debt over my head)! Only spend what you can payoff, while putting 1-5% in savings. I can dream, can’t I?
Report Post »Go Mr. Cain!
shirelover
Posted on July 14, 2011 at 9:52pmBlaze Please put up some kind of link to transcripts! It takes me an hour (literally) to watch a 2 minute video! I‘m waaay out in the boonies can can’t even get satellite internet, too many trees.
Report Post »NOTYERHUCKLEBERRY
Posted on July 14, 2011 at 9:52pmI like this guy, straight forward, the truth, and to hell with the consequences.
Report Post »cheezwhiz
Posted on July 14, 2011 at 9:48pmCain gets it.
Report Post »Moody’s and S&P threatening to downgrade USA’s credit ratings has the same significance as
downgrading the spongeworthiness ratings of highschoolers.
WHO CARES when there are much more important things to be done.
I‘d rather have a rating of AA or just A from Moody’s with a balanced budget ,
than a AAA rating with broken economy and a 3rd world regime in USA.
Moody‘s have no agenda I’m sure :D since they also rated AIG as AAA till the day it went down begging for a bailout
ConstConservative
Posted on July 15, 2011 at 2:57amYou do realize that this will cause the interest rates we have to pay foreign countries (or whomever buys our treasuries) go up don’t you. Most of the treasuries are relatively short term (ie: Not 30 yr) so the rollover of these are coming pretty soon for a large portion and when we have to take on more debt it will be at a higher interest rate. So, it could create a downward spiral. Yes, the difference in the credit rating certainly does make a difference in the future cost of the debt the US will have to take on. The Fed is keeping the interest rates artificially low (as Ron Paul articulates) and this could really wreck havoc when interest rates start to rise. With all the money being printed it is inevitable that this will occur. The Fed can’t keep the interest rates artificially low forever when the free market knows better and demands a higher rate.
Report Post »dcart888
Posted on July 14, 2011 at 9:47pmThis is for projects already funded just not paid for! it’s not about future spending! I SUSPECT IT’S ABOUT FUNDING OBAMACARE!!!!! GOP DEFUND OBAMACARE
Report Post »ampatriot
Posted on July 15, 2011 at 12:44amdont forget campaign money
Report Post »ONEMOREWORD
Posted on July 14, 2011 at 9:45pmHerman Cain – right again!
Report Post »I LIKE Herman Cain!
Bald1
Posted on July 15, 2011 at 12:32amAmen!
Report Post »teapartyconservatism
Posted on July 14, 2011 at 9:45pmHe’s right.
Note to Congress from employer. No deals. Raise the debt ceiling, lose your job!
They are not talking about real cuts or decreased debt. They are pretending to fight about a minor decrease in continued self destructive massive spending increases over 10 years!
Rather than dazzling us with brilliance by balancing our national checkbook, they think it’s funny to baffle us with BS and continue running up insurmountable debt. Don’t allow this!
Congress must end wasteful spending, reduce the debt and balance the budget using real numbers rather than fuzzy math and corrupt accounting tricks that are illegal in the private sector!
Register to vote! Make calls, write letters, inform them that voters will fire every politician who refuses to manage our finances properly, beginning with abiding by the 10th amendment. When all else fails, just obey the Constitution! It’s our first, best, last, and now our only remaining hope!
One day soon the credit card bill will arrive in the mail. The red ink must not become blood spilled in battles brought by war with our communist creditors!
Boehner and Obama are running a well practiced political shell game! You’re being conned! Don’t be a sucker, stop playing their game!
See the truth from the Cato Institute!
http://www.youtube.com/watch?v=we5FUR1Opc0&feature=player_detailpage
Yes we can!
Report Post »http://www.downsizinggovernment.org
hhrumph
Posted on July 14, 2011 at 9:40pmVoiting for Mr. Cain in 2012. I have a Vinyl Decal on my rear window, “ WORKING TO MAKE OBAMA A ONE TERM PRESIDENT”. That says it all.
Report Post »swampbuck
Posted on July 14, 2011 at 9:57pmDITTO.. have had his stickers on mine and my wife cars for several months.. We went to his presidential announcement..
I LIKE HERMAN…
Report Post »psst
Posted on July 14, 2011 at 10:34pmHope you’re not driving in places like LA ,SanFreako and other parts of the Left Coast and the E.Coast.
Report Post »And I’m sure not in the ghettoes of any part of the US.
Unless maybe you and the wife uses a cupla A1M!”s as your private vehicles.
CitizenUS
Posted on July 14, 2011 at 9:35pmStand Strong!
Report Post »heavyduty
Posted on July 14, 2011 at 9:35pmThis is the whole problem with politics. They want to get re-elected the next time they come up for election. They are scared of looking bad. That’s why we need term limits on any office. Whether it is a governor, congressman, congresswoman, senator, or a sheriff. Also if the elected official isn’t doing what we want them to do. We can get them impeached within six months. Not two to three years that it takes now. Watch what the other hand is doing. This is to take us in a different direction to keep us disoriented and confused on what’s happening.
Report Post »swampbuck
Posted on July 14, 2011 at 9:59pmPROBLEM WITH TERM LIMITS HEAVY IS YOU GET RID OF THE GOOD AS WELL AS THE BAD.. VOTE THE S.O.Bs OUT AND WE DON’T NEED TERM LIMITS
Report Post »swampbuck
Posted on July 14, 2011 at 10:00pmSorry about all caps…lol
Report Post »OleCrusty
Posted on July 15, 2011 at 1:02pmTerm limits? Term limits! We don’t need no stinkin term limits! We already have term limits – it’s called THE VOTE! If a citizen is placed into office via election and does a good enough job to satisfy those who put him or her there, so be it. Running up against some mandate that would remove the good along with the bad reminds me of the baby and the bath water analogy.
Be responsible, know your role in the process and perform at your best to execute the responsibilities charged to you the voter. That’s all the “term limit” we need – thanks.
Report Post »Darmok and Jalad at Tanagra
Posted on July 14, 2011 at 9:34pmIt happened because we had spendaholics giving all their buddies kickbacks out of our pockets, have been running up the credit card and taking their cushy retirement packages. Then of course, trying to blame someone else and stick us and our kids with the check. But we are too stupid, they are Professional politicians, we are just the unwashed masses that Harry Reid can literally smell in the summertime.
Report Post »usavecomputers
Posted on July 14, 2011 at 9:32pmruff ruff ruff
http://www.ccds.webnode.com
Report Post »leftcoastslut
Posted on July 14, 2011 at 9:43pmhe is right, it is only a smoking mirror, a reflection of what is happening but you are too stupid to understand what is happening so just hold your breathe and someone in the government will show you which door to go through
Report Post »Mr. Emmitt
Posted on July 14, 2011 at 9:32pmHerman Cain=real adult leader
Report Post »TOPOFTHEGAME
Posted on July 14, 2011 at 9:32pmWay to go Herman Cain and Ron Paul……………..Now let‘s hear from ALL the Rep’s. candidates on this issue.
Report Post »opnsrcsurvival
Posted on July 14, 2011 at 9:30pmThis is going to be bad either way it goes, and these clowns dont care. Get your family prepared!
http://www.opensourcesurvival.com
Report Post »Survival skills for everyone!
banjarmon
Posted on July 14, 2011 at 9:28pmCain has a way fo telling it like it is. You go Cain!!!
Report Post »Mr. Emmitt
Posted on July 14, 2011 at 9:28pmHerman Cain=refreshingly candid and competent leadership
Report Post »Mike Benton
Posted on July 14, 2011 at 9:25pmI wish we could get a real executive in the Executive Branch of the government.
I will support Herman to end.
Report Post »RightPolitically
Posted on July 14, 2011 at 9:22pmEverybody’s running scared. Republicans are afraid of being blamed if a resolve isn’t found yet Obama and the Dems are hanging tough…….SO FAR. That will change!
Report Post »jjoy
Posted on July 14, 2011 at 9:25pmNo, it won’t change… boehner and his rinos will cave in and give obama what he wants…
Report Post »CatB
Posted on July 14, 2011 at 9:26pmHe’s right on … SCARE TACTICS! Don’t cave …
TEA!
Report Post »vennoye
Posted on July 14, 2011 at 9:38pmThink Boehner is having a hard time putting together a deal that will pass in the house. Gotta love those new representatives and some of the older ones like Bachmann and Paul!
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