Debt Ceiling Crisis

Spending, Debts, Federal Funds: The Utter Rank Hypocrisy Of Tea Party Republicans Out To Enrich Themselves At The Expense Of The American People!

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The Tea Party Republicans are masters in their rhetoric and their attempts to make the federal government the villain, and to demand spending cuts and condemn the growing of the national debt, in the process undermining faith in our government and putting vulnerable Americans at risk by destroying the social safety net and acting like economic terrorists by refusal to uphold the good faith and credit of the United States government, an action that could cause a second Great Depression and worldwide economic chaos as well!

But when one lifts the veneer of these Tea Party radicals, one discovers that there is utter rank hypocrisy, a few examples which will be discussed below.

First, we have Congresswoman Michele Bachmann of Minnesota, one of the leading candidates at this time for the Republican nomination for President, who refuses to support a raising of the debt ceiling and condemns federal programs and spending. And yet, her husband gains federal Medicare funds for his faith based counseling agency that supposedly helps gays to become straight! Also, federal agricultural subsidies are paid for their family farm, and also, the Bachmanns recently received a federally backed mortgage backed by Fannie Mae and Freddie Mac, which the Congresswoman has condemned for bad borrowing practices and wishes to be disbanded. What utter rank hypocrisy, and apparently, Michele Bachmann is arrogant enough to think that the American people are fools and saps enough that either they will not find out, or that they will not grasp the unethical behavior of this woman who claims to have the credentials to be our President! It is clearly obvious that she is out simply to enrich herself at the expense of the American people, and has found a new way to manipulate and abuse the American taxpayer while claiming to be holier than thou!

Then we have freshman Tea party freshman Joe Walsh of Illinois, who has been gaining a lot of attention and notoriety for his outspokenness and arrogance as he promotes interviews with every news organization imaginable.

Joe Walsh loves to pontificate on the national debt, and refuses to support a raising of the debt, and yet this is a man who has NOT paid child support for his children to his former wife for many years! He is a “deadbeat Dad”, who has had his home put in foreclosure for failure to pay the mortgage, and considers himself a spokesman for others who have lost their homes. This is how he was able to get himself elected in his district by the small margin of 291 votes! But he himself has also spending and debt problems, having amassed a major credit card debt, so he is another example of being holier than thou, and a major hypocrite in so many ways! Of course, like Bachmann, Walsh can now exploit the taxpayer for his own ends, collecting a salary and benefits not available to 99 plus percent of the population, while pontificating on the evil federal government programs!

Other hypocrites include Senator Mike Lee of Utah, Congressman Tim Griffin of Arkansas, and Congressman Kevin Yoder of Kansas, all of whom have high balances on credit cards, while telling us we cannot have a raising of the national debt ceiling! Of course, they are all being enriched by a salary and benefits very few of us have, so they are talking the talk but not walking the walk and being responsible in their own personal financial behavior!

What utter rank hypocrisy by these Tea Party people, who are just ready to destroy the nation while lining their own pockets and demonstrating reckless behavior!

Boehner Debt Ceiling Bill Dead On Arrival With Its Demand For Balanced Budget Constitutional Amendment For Later Raising Of The Debt Ceiling In 2012!

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The Debt Ceiling proposal of Speaker of the House John Boehner barely made it through the House of Representatives yesterday by a vote of 218-210, with 22 Tea Party radicals voting against the proposal.

It has already been defeated in the Senate by a motion to table it, and the President has already indicated that he would veto it were it to pass the Senate.

And there is good reason to defeat it, as it requires another vote in six months on the extension of the debt ceiling, in the midst of a presidential campaign, and would guarantee further economic turmoil while the economy is in such a deep recession. It is reckless and irrational to complicate the economic recovery, and the Democrats are right in demanding an extension of the debt ceiling for 18 months until after the Presidential Election of 2012.

But beyond all this, there is another element to consider, and that is the demand under the Boehner legislation that the Congress MUST pass a balanced budget constitutional amendment, or else the debt ceiling will NOT be raised at all, six months from now!

This is economic terrorism at its worst, and it is, of course, impossible to accomplish!

Realize there are 240 Republicans in the House of Representatives in the 112th Congress, and 47 Republicans in the US Senate.

To accomplish the passage of any constitutional amendment and send it on to the states, a two thirds vote is required in both houses, which means you need 290 votes in the House if everyone is voting, and 67 Senators.

This would mean that at least 50 Democrats in the House of Representatives and 20 Democrats in the Senate would have to support such an amendment, and that simply is NOT going to happen under any circumstances!

And the irony is even if such an occurrence came about, there is almost no chance that 38 state legislatures (three fourths of the states) would pass such an amendment by a majority vote in both houses!

All that would be needed is to have one house of the state legislature by a one vote margin of defeat in 13 states kill the amendment, and one must recall that the proposed Equal Rights Amendment in the 1970s reached 35 states, three short of the required 38, and then died.

So the possibility of a constitutional amendment under the so called “best circumstances” to be added to the Constitution is less likely than that we are going to send astronauts to Mars in the next decade!

In other words, the odds are absolutely ZERO!

The Tea Party Succeeds In The Emasculation Of Speaker John Boehner: The War Within The Republican Party!

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The House of Representatives has just passed a debt limit bill that is dead on arrival in the US Senate, and in the process have shown just how destructive and anti American the Tea Party radicals in the House are, and they have succeeded in the emasculation of Speaker John Boehner!

Boehner’s Speakership will NEVER be the same, after three long days of wrangling, pleading, pressuring, etc and yet, while winning a symbolic vote, lost 22 of the hardline right membership, who would not show loyalty and respect for their own Speaker!

This whole mess was a tremendous embarrassment to Boehner, and has destroyed any chance of him being effective, and it is predictable that, in the unlikely situation of a GOP House majority in 2013, that he will be pushed aside for Eric Cantor or Kevin McCarthy or Paul Ryan, the so called “Young Guns”, who can be blamed more than even the Tea Party radicals for undermining their own leader!

Since the Democrats only need 25 seats to regain the House majority, it now seems predictable that such an eventuality will occur. It is essential for every good person in this nation to get off his or her rear end, get out there and campaign for progressive change, contribute to the Democratic Party, and volunteer his time to convince the American people to overcome the corporate influence promoted by the Supreme Court Citizens United case, and save the nation from total disaster, the plan of the GOP to take away from the poor, the elderly, the sick and disabled, and other vulnerable groups, and redistribute income to the top two percent, who have had an unfair advantage since the administration of Ronald Reagan, but getting far worse under George W. Bush!

This is our country to save, and if the hard Right wins control of both houses of Congress and the White House in 2013 because of laziness, ignorance,or refusal to take the responsibility of voting seriously, then unfortunately we will get what we deserve–a plutocracy with fascist tendencies and no concern for the middle or lower classes in America!

Thankfully, the events in the House make it clear that the Republican Party is involved in an internal conflict which will, hopefully, rip them apart and save the country from these economic terrorists who are a threat to all of us in the name of profit and wealth!

Sarah Palin: Anarchist, Radical, Extremist, Economic Terrorist Encouraging Tea Party Recalcitrance!

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Former Alaska Governor Sarah Palin today demonstrated just how dangerous she really is, as she sent a message through her Facebook page warning the Tea Party radicals, who are refusing to make any deal with their own leader, Speaker of the House John Boehner, that if they made ANY compromise in the Debt Ceiling Crisis, they would face primaries when they ran for reelection next year!

By fighting against the establishment of her own party, she is proving herself much more than just the usual ignorant, stupid, uninformed person that she has proved to be over and over again in the past three years!

It is much worse than that! It is that she is promoting the economic collapse of our nation, the downgrading of our credit rating, which would lead to skyrocketing interest rates on home mortgages, automobile loans, credit cards, and student loans, plus more unemployment, bankruptcies, and broadly, more anarchy and chaos!

This makes Sarah Palin a danger to the American nation, and a person who would literally be a menace to our country if she were to ever gain power!

We cannot afford such a KNOW NOTHING anarchist, radical, extremist, economic terrorist who has no concern for the future of the average American!

This woman needs to be repudiated by all decent Republicans, as well as Democrats and Independents, for her destructive, reprehensible, and reckless behavior, and be told clearly to stay up in Alaska and leave this nation alone!

The Choice Is Clear: The McConnell Plan OR Barack Obama Takes Independent Action And Risks Impeachment!

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The Debt Ceiling Crisis is down to less than a week, and Standard and Poors and Moody’s are warning of dire consequences for the American economy, with the lowering of the rating of America as credit worthy, if something is not done quickly.

It is clear that John Boehner, the Speaker of the House, cannot control the Tea Party radicals in his midst, and is in real danger of losing his Speakership in the future, whether or not his party retains control of the House of Representatives.

These reckless anarchists should be soundly defeated in the next election in 2012 to restore sanity to Washington, DC, but in the interim, something must be done to overcome the crisis.

The choice is clear! Follow the earlier suggestion of Senate Minority Leader Mitch McConnell of Kentucky to adopt a bill giving the President three opportunities to raise the debt level, separate from budget cuts–now, and twice next year–to go beyond Inauguration Day 2013, but with Congress able to vote on the extensions.

Most, if not all Republicans would vote no, while most Democrats would vote yes on each extension, but the President would veto each time, and as long as one third plus one of each house of Congress voted to sustain the President, the debt ceiling would be raised successfully, and end this crisis.

It would put the burden on the Democratic Party and President Obama, who theoretically would be blamed for the extensions, and it might hurt some Democrats running for re-election, but as long as 34 Democrats in the Senate and 145 in the House backed the President, it might allow those Democrats who felt endangered to vote with the Republicans against the extensions.

The thought, however, that voting for the extensions would automatically hurt the Democrats is likely to turn out incorrect, as the image of the Republicans as a reckless, extremist party that is ready to destroy Social Security, Medicare and Medicaid, and refuse to tax the rich, and support corporations unwilling to create jobs as they sit on $2 trillion of money, with a lot of it due to the federal government bailout in 2008-2009 and initiated by George W. Bush and his party–this is very likely to boomerang on the GOP and push them out of the majority in the House of Representatives, and help Barack Obama be re-elected President of the United States!

This McConnell plan, while far from ideal, would be better than Obama simply using the 14th Amendment, Section 4, to extend the debt, as it would cause more controversy and could lead to the impeachment process being used against him.

With a certainty, Obama would survive, and the GOP would be harmed, but if we could, somehow, avoid the turmoil of another impeachment mess, it would certainly be preferable!

So Mitch McConnell and his plan could be the savior of the moment and resolve this horrible crisis, created by the radical Tea Party anarchists,who need to be roundly defeated and removed from their position of holding America hostage!

Time For Action By Barack Obama: Enough Of “Mr. Nice Guy” Promoting Compromise With Those Who Want To Hold America Hostage!

Ronald 4 Comments

President Obama and Speaker John Boehner went on television and cable this evening, with only eight days to go before default, and the danger of America’s credit being downgraded even before August 2, if it seems as if no agreement can be reached.

Obama made it clear that compromise was essential, and that the Tea Party Movement could not be allowed to hold America hostage, and therefore called for an extension of the debt limit to 2013, along with substantial budget cuts, but with some revenue increases.

Speaker John Boehner, on the other hand, showed no willingness to compromise, and seemed literally held hostage by the Tea Party radicals despite having earlier been involved in negotiations with the President, which he ultimately walked out on, similar to what House Majority Whip Eric Cantor also did.

Obama said an agreement MUST be reached within two to three days, and it is clear that the President MUST take action as soon as possible, no matter what the Republicans in the House do.

So, as stated in earlier entries, the President MUST assert himself and save the country from economic collapse, and the only way may very well be what some scholars and former President Bill Clinton have now said can be done–invoke the 14th Amendment, Section 4–which requires payment of all government debts.

Such an action, as made clear earlier, will cause a firestorm of protest, and likely might lead to moves to impeach the President–a sad, tragic event, but one that many in the radicalized House of Representatives have been itching for!

So let them go ahead and do it, with the certainty that the Senate would not convict him, and it would only make the GOP look even worse, and undermine their chances to keep control of the House of Representatives, gain the majority in the Senate, and win the White House.

Barack Obama would be put through Hell symbolically, but then he really has been already for the past two and a half years. It is time for him to show guts and courage like Harry Truman and Franklin D. Roosevelt in attacking the opposition in their times, and it is certain that the American people at large would come to the support of the President if he took action, and were he to face impeachment.

There is no time for delay, as the country’s economic future is at stake.

Absolutely Reckless And Irresponsible Republican Leadership In Congress: Reason For Economic Crisis About To Get Worse!

Ronald 1 Comment

As we near the last week before the Debt Ceiling Crisis leads to a potential total collapse of the American economy and puts Americans into a second Great Depression, it is important to understand that this crisis has been caused to a great extent by refusal of Republican leaders in Congress to be responsible for disciplining their party membership to do something that was automatic over the past century, but has become a political football because of the decision of the party to refuse to cooperate on anything with the President they see as illegitimate!

Instead of seeing the good fortunes of the American people as the most urgent responsibility they have as leaders, they have chosen to refuse to even cooperate with each other, as egos and ambitions have become more important than doing what is right–to prevent default on the national debt and work to resolve the budget issues and create the proper environment for job creation!

John Boehner has performed horribly as Speaker of the House, and his name in history will be besmirched as a result! He has been unwilling to cooperate with President Obama, and has failed to assert his leadership over his “Troops” in the manner needed in the present crisis!

But Eric Cantor, House Majority Leader, is an even bigger villain, egotistical and totally ambitious to accomplish his own ends, and refusing behind the scenes to cooperate with Boehner, and instead tying his future to an extremist, anarchist, militant movement of reckless “flame throwers” (The Tea Party Movement), who refuse to understand that successful politics MUST be based on the art of compromise!

At the same time, Minority Leader Mitch McConnell, overly ambitious to become Senate Majority Leader, openly has made the defeat of President Obama his major goal, and therefore has lost all credibility to claim a desire to resolve the issue of the debt ceiling in any form. Instead, he would prefer to let the President and his party take all responsibility and blame for the raising of the debt ceiling!

These three men, along with Minority Whip Jon Kyl of Arizona, have shown disrespect, and lack of cooperation with the President in a way that no one can ever quite remember occurring to this extreme state, with any other President, no matter what the personal differences or ideological disputes that might have existed!

So the Republican Party will pay heavily for this lack of leadership by their party spokesmen, and the country is going to suffer further from the economic collapse caused by the outrageous policies of the Republican Congresses that led to the Great Recession, and now in danger of becoming a second Great Depression!

The Absolutely Urgent Need For Compromise In The Tradition Of The Founding Fathers!

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With the nation on the brink of financial chaos, due to the failure to have both sides come to an agreement on the Debt Ceiling and budget cuts, America is entering uncharted territory that is arguably the most dangerous since the Great Depression, and possibly the Civil War!

When one looks at our history, one realizes that our brightest and greatest moment was the time of the Founding Fathers, when compromise ruled and we came up with a Constitution that involved sacrifice of the differing sides of the political battle toward the greater good, compromise to save the nation at a dangerous moment!

When we look at the Civil War, it was exactly the opposite of compromise, and the nation suffered through four long years of war, and two thirds of a million soldiers killed, because compromise was no longer possible.

The Great Depression saw tremendous division, but yet a unity among the American people that they had to support the effort that had been started by Franklin D. Roosevelt, rather than create a divided government of the two houses of Congress in the hands of opposing parties, causing paralysis!

It is time that this nation moved toward a short term solution in the image of the Founding Fathers, followed by a long term solution whereby the American people make a choice as to their future, by giving full authority either to the Democratic Party or the Republican Party to take action without a paralyzed Congress in which no compromise is possible!

It is not acceptable to have a continuation of what the American people, by their lack of knowledge or participation have wrought at the present–divided and paralyzed government! The only way government can work is full control by one party for a four year term of a President, followed by an opportunity for a reversal in view by the American people, but in a manner that allows action, instead of stalemate!

The battle for the future can only be decided by full accountability, not by creating a government which can do nothing except hurl accusations back and forth, and therefore prevent any action! This dangerous situation cannot be allowed to continue!

So therefore, what must be done right now, through compromise?

1. Raise the debt ceiling through the next Presidential election in one action.
2. Agree to long term changes in Medicare that allow gradual raising of the age limit to 67 for people under the age of 50 now, but allowing, as with Social Security, a lowered coverage at age 65 for those who do not wish to wait to 67 to gain full benefits.
3. Raise the Social Security full benefits for future retirees, so that those born in 1980 and after must wait for full benefits to age 68, and those born in 1990 and after must wait for benefits to age 69, but in each case having the ability to gain lower benefits, as now, at age 62 or somewhat later if they wish.
4. Have the Social Security tax apply to all income, not just to $106,800, as with Medicare, which has no limits.
5. Agree that some increase in taxes on the top two percent MUST occur, but less than what has been proposed in the past.

It is essential that the lobbying groups, including those for corporations and the wealthy, and for the AARP and other progressive groups, have to be told that compromise is unavoidable, and that sacrifice is necessary, but in a way that affects people, regarding taxation and the social safety net, in a way that is less harsh, but part of being a patriotic American, accepting responsibility of paying more taxes and recognizing that social programs, to be saved, require some changes in age limits and taxation levels!

Once compromise is reached, both parties go to the country, and hopefully, instead of creating a paralyzed government that can accomplish nothing, we go more in the way of parliamentary government, the creation of total responsibility that can be reversed by the electorate in future elections, if the public is more educated and involved and decides major changes are needed!

So we need a combination of the late 1780s and the 1930s, rather than the 1860s, if we are to have progress as a nation to resolve our differences, and have a government that works!

Obama, The Middle Class, And Small Business: Poll Indicate Widespread Support For The President!

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A new Washington Post-ABC News Poll indicates that the middle class and small businessmen see President Obama as supportive of their interests.

At the same time, the polls indicate that Congressional Republicans are perceived as in league with Wall Street financial institutions and large business corporations.

The middle class issue is won by Obama by 53 -35, while the small business question sees a 48-39 lead for the President.

Meanwhile, majorities across party lines see the Republicans as more concerned about big business and Wall Street.

One would think this would reverberate in Obama’s favor as the country tries to deal with the Debt Ceiling crisis, and will backfire on the Republicans, because the vast majority of the country is not in agreement with the Tea Party Movement that is controlling the House of Representatives majority, to the chagrin of Speaker John Boehner, although he has carefully avoided any comments on the subject!

Time For Action On Debt Ceiling By Barack Obama: Invoke 14th Amendment, Section 4 Immediately!

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The Debt Ceiling Crisis, which has been building for weeks, is reaching a dangerous stage, with only 12 days left until the US government defaults, but Moody’s and other credit rating agencies are threatening action to lower the rating on government bonds before that date!

It is clear that the Tea Party conservative Republicans in the House of Representatives have no concern about the default threat and the downgrading of government bonds by rating agencies!

The Republican Party is being criticized in polls for their intransigence, but seem unwilling to negotiate or compromise, even though the debt ceiling has been raised more than 100 times since 1917, and nearly ten times under George W. Bush!

They seem unable to understand that raising the debt ceiling is simply recognizing the need to pay OLD DEBT, just as much as all citizens must do the same to keep a credit rating, and have any ability to borrow money in the future!

The recklessness and irresponsibility being demonstrated is reaching a stage where Barack Obama MUST take action under his emergency powers, even if it endangers his Presidency and his reputation!

Obama needs to invoke the 14th Amendment, Section 4, and unilaterally raise the debt ceiling, no matter what conservatives and Republicans advocate, as they have lost all rights to respect and being treated as a fair partner in negotiations!

The danger, of course, is that right wing whackos in the House will use such action as an excuse to impeach Barack Obama!

That would be tragic, but not fatal, as there is no way that two thirds of the Senate would convict and remove Obama from office, any more than that would happen with the unjustified impeachment trial of Bill Clinton in 1999!

Such a move toward impeachment would only give further evidence of how extremist and irresponsible the party of Lincoln, Teddy Roosevelt, Eisenhower, and Reagan has become, and the American people would repudiate it in the Presidential Election of 2012 and the Congressional elections that would decide control of both houses of Congress for 2013-2014!

So Obama, by next Monday, with just a little over a week to go, and before Moody’s and other credit agencies take action, MUST assert his executive authority and let what happens to him occur, knowing the American people will be behind him all the way, and reward him with a second term, no matter what the Republicans do to counteract him!