I have been very reluctant to give a comment on the Debt-ceiling Debate going on in Washington but I can’t hold my peace any longer. The Republican Party has done a masterful job in creating this “Straw Man” argument and the Democrats including the President are just going along to get along as usual.
I had hoped that this weekend would be a weekend in which this ordeal would be over, but instead at the eleventh hour we are still hearing this political rhetoric and nothing is getting done. Speaker Boehner had the nerve to call a press conference and announce that he and the President were in negotiations and that a deal was in the making only to have Senator Reid come out and announce that Mr. Boehner was lying.
You may or may not have paid attention to these negotiations but either way you will be affected by their decision. On this late day there’s no clear idea as to which direction they will go or what the country will look like as a result. Cuts in Social Security, Medicare and Medicaid will be bad enough but losing the country’s AAA credit rating could mean higher interest rates on everything.
In the two hundred year history of the country raising the Debt-ceiling was a routine operation. All of a sudden we have to cut services equal to the amount that the ceiling is raised. I would hope that Obama would just use the provision in the 14th Amendment which says that “the U.S. debt should not be questioned.” But with the political climate we are in today I’m afraid we will just default and begin the process of picking up the pieces later. The United States of America was a good experiment in Democracy but I’m afraid that the experiment is now in critical condition and the buzzards are licking their chops.