Monday, August 1, 2011

Wake up, everybody! The Tea Party is a step closer to screwing us!


The Tea Party is the winner in the debt ceiling deal struck just hours ago by the White House and congressional leaders.

Everybody knows by now that the debt ceiling has been raised 74 times since the month and year of my birth, March of 1962, and that ten of those times have occurred since 2001. It was always a routine, benign procedural act – until the Tea Party rose to power, that is, aided by a lazy, cynical media and pandering politicians, and decided it didn’t like a black man sitting at the president’s desk.

The last several months have seen debt ceiling-related hand-wringing and nail-biting and political posturing and finger-pointing and threat-making unlike anything ever seen before. Now, if politicians fail to raise it by tomorrow, we could face rising interest rates and a declining dollar. Financial experts have predicted a downgrade of our country’s credit rating and a plunge in the stock market. (The Dow Jones Industrial Average dropped for a sixth straight day last Friday.) We won’t be able to pay our bills, Social Security checks might not go out, and U.S. troops might not get their paychecks, among other problems.

This was no Asian tsunami or Japanese earthquake or Hurricane Katrina. This crisis was man-made.

According to the New York Times’ Paul Krugman, what politicians have come up with “will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.”

The deal made by political leaders – which includes big spending cuts with no increase in revenue, no tax increases, no closing of loopholes – also calls for a special panel to be created to recommend further deficit reductions, and if these recommendations aren’t accepted, there will be more spending cuts.

Yeah, let’s just disregard all the economists who warn that rather than helping the economy, spending cuts are likely to hurt it. Why listen to economic experts when we can listen to slugs like Grover Norquist, president of I Hate All Taxes and Government, and Tea Party leaders who can’t even spell?

There’s no guarantee that the proposal (which also makes “modest adjustments,” according to Obama, to spending programs like Medicare) will win enough support to pass both chambers of Congress.

There’s no guarantee that I’ll ever trust another politician either.

Krugman also wrote, “Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats. He surrendered last December, extending all the Bush tax cuts; he surrendered in the spring when they threatened to shut down the government; and he has now surrendered on a grand scale to raw extortion over the debt ceiling. Maybe it’s just me, but I see a pattern here.”

It’s not just you, Mr. Krugman. There’s no doubt about it: Obama’s taken a sharp turn to the right. I couldn’t be more disgusted.

At least the richest two percent received their tax cuts and we’ve spent $1 trillion on not one but two unwinnable wars. We wouldn’t want those sound policy decisions to get tangled up in this morass, right?


Sources: CNN, New York Times, Daily Beast.

4 comments:

  1. I wouldn't say Obama's taken a sharp turn to the Right, he just needs to schedule an appointment with an orthopedic surgeon to get a spine installed. He is a champion caver, when he had the potential to be a true pioneer.
    But the House of Teabaggers couldn't (wouldn't) be reasonable, so he keeps having to concede any hope of accomplishing anything, really. And we can blame the sheep-like assholes who elected all these 9 year-old mentally defective assholes for putting this country in multiple lose-lose situations.
    Our POTUS is trying to fight city hall, and he's being stonewalled everywhere he tries to make a little progress. I'm not happy, but I'm not mad at him.

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  2. let's call it what it is, like you said before PD they don't want a black man in the ol boys club so u bet there won't b a women either for quite some time, let alone a black women. i've never seeb blatant racism like this without calling it what it is. no president has ever faced this much opposition. don't give it me the bill clinton was more charming and the GOP hated him but because he looked like them it was ok. Obama is just as charming but they pull the flim flam everytime, even he goes with exactly with what they want they will then no we want something different just so they can say see i told u he wouldnt work out. wow cracks me up.

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  3. Cassandra JacksonAugust 1, 2011 at 8:31 PM

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  4. Cassandra Jackson (corrected)August 1, 2011 at 8:42 PM

    Rather than invoke the 14th Amendment, Obama, once again ignores his base. The problem is...dems realize the masses have been painted into a corner & have no where else to turn; It like choosing the least painful way to die politically ~ Totally disgusting.

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