Obama at Albuquerque Town Hall Today: Likely To See Tea Party People Angry About Overspending

Many observers on the left and right alike do not support or even understand the tea party movement. While the Rio Grande Foundation was not involved in organizing the April 15th Albuquerque Tea Party we have been working closely with the leaders of the movement to transform it from an amorphous one-day protest event into a viable pro-taxpayer movement.

These ideologically-based observers have mistakenly focuses on taxation. The real genesis of the tea party movement was not taxes, but out-of-control spending and the debts we are leaving our children. If the left has a valid point about the tea parties, it is that they did not spring up under President Bush who massively expanded government and placed burdens on our children and grandchildren via policies like the Medicare Prescription Drug Bill and the Iraq War that we’ll be paying for long into the future.

But rather than admitting that we as a nation face dire fiscal issues and questioning the merits of trillions of dollars of bailouts (a policy begun under Bush but expanded under Obama), commentators have ignored this inconvenient truth (Republicans becease they don’t want to own up to the fact that they helped create them and Democrats because they want to ignor the issue now that they’re in power). Our nation’s massive debt and unfunded liabilities – at more than $65 trillion it now exceeds the GDP of the world – is conveniently ignored.

The tea party movement (at least in Albuquerque) is not simply a bunch of angry Republicans who don’t like Obama and understand their own self-interest. Rather, the tea party here was organized by average citizens who are terrified of what the government is doing to our economy. The fact is that America can’t live on borrowed money forever.

Many observers on the left and right alike do not support or even understand the tea party movement. While the Rio Grande Foundation was not involved in organizing the April 15th Albuquerque Tea Party we have been working closely with the leaders of the movement to transform it from an amorphous one-day protest event into a viable pro-taxpayer movement.

These ideologically-based observers have mistakenly focuses on taxation. The real genesis of the tea party movement was not taxes, but out-of-control spending and the debts we are leaving our children. If the left has a valid point about the tea parties, it is that they did not spring up under President Bush who massively expanded government and placed burdens on our children and grandchildren via policies like the Medicare Prescription Drug Bill and the Iraq War that we’ll be paying for long into the future.

But rather than admitting that we as a nation face dire fiscal issues and questioning the merits of trillions of dollars of bailouts (a policy begun under Bush but expanded under Obama), commentators have ignored this inconvenient truth (Republicans becease they don’t want to own up to the fact that they helped create them and Democrats because they want to ignor the issue now that they’re in power). Our nation’s massive debt and unfunded liabilities – at more than $65 trillion it now exceeds the GDP of the world – is conveniently ignored.

The tea party movement (at least in Albuquerque) is not simply a bunch of angry Republicans who don’t like Obama and understand their own self-interest. Rather, the tea party here was organized by average citizens who are terrified of what the government is doing to our economy. The fact is that America can’t live on borrowed money forever.

By Paul Gessing
Albuquerque Conservative Examiner

Related:
Governors of Texas, South Carolina to Host “Tea Party 2.0″ This Week

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ALBUQUERQUE, N.M. (AP) — New Mexicans will get to hear from President Barack Obama about his efforts to stop credit card companies from taking advantage of consumers when he makes a visit to the state for a town hall.

Obama is scheduled to arrive in Albuquerque aboard Air Force One late Wednesday. The town hall will be held at Rio Rancho High School on Thursday.

Obama has said he supports legislation that would prohibit arbitrary credit card rate hikes and make it harder for people under 21 to get a card. He has told Congress he wants a bill on his desk to sign by Memorial Day.

On Tuesday, Senate Democrats vowed not to back down to credit card companies as the banking industry warned that the proposed legislation would make it harder for responsible customers to get credit.

Obama’s visit will be his first to New Mexico since his election last fall. He handily won the state’s five electoral votes after making several stops during the campaign, including one in the waning days that drew tens of thousands of people to an outdoor rally in Albuquerque.

Read the rest:
http://finance.yahoo.com/news/Obam
a-to-hold-town-hall-at-apf-15233055.html?.v=1

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