This Could Be Huge

The single most important vote that our new Senators will have to decide, when they convene in January, is whether or not to raise the national debt ceiling. The government will continue to spend without limit, so long as the ceiling keeps rising. One senator, however, is all it takes to stop it.

One senator can filibuster the raising of the national debt ceiling, single-handedly forcing the government to stop spending our money, forcing the government to default on its debt and work out a realistic plan for repaying its creditors, and forcing the government's credit rating to be lowered, thereby ending its ability to borrow without limit.

Extreme courage is a must for any senator who would think of doing such a thing. Taking our medicine will be painful initially, but we must do it if we want to start building an economy on a solid foundation, and not on a foundation of debt and inflation. And default is the only option. Either the government defaults on its debt honestly and hammers out a genuine solution for repayment, or the government defaults on its debt by paying it back in increasingly worthless, newly-printed money (i.e. hyperinflation). The first option will cause tons of unsound businesses to fail and workers to be relocated at first, but will allow us to return to real growth. The latter option will fuel a bubble economy until the breaking point, ultimately destroying sound and unsound businesses and jobs alike, as well as making the Dollar completely worthless.

If a Republican filibusters the debt ceiling, I will be frank in saying: Yes, it will probably hurt the GOP's chances in 2012. However, the economic readjustment it would allow can work very quickly if not hindered. The country will breathe an enormous sigh of relief when a huge chunk of the debt load disappears (the governments of China, Japan, and Saudi Arabia will not, but they should have known better than to lend to the US government anyway). Yet, many government programs and businesses being supported by subsidies or monetary inflation will inevitably die.

Filibustering will take guts. Fortunately, there are a few senators who might be willing to stand up for We The People in this way.

If you feel as I do, please email the following four Senators/Senators-elect, and ask them to filibuster the raising of the national debt ceiling:

* Rand Paul: http://www.randpaul2010.com/contact/
* Mike Lee: http://www.mikelee2010.com/contact/
* Jim DeMint: http://demint.senate.gov/public/index.cfm?p=CommentOnLegislationIssues
* Tom Coburn: http://coburn.senate.gov/public/index.cfm/contactform

I've chosen Coburn, DeMint, Lee, and Paul, because they seem to be the most principled fiscal conservatives the Senate can claim. However, if you feel it would be worthwhile to urge other Senators as well, please do so.

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Published at RightOSphere.