Three days left to raise the national debt ceiling of $14.3 trillion or suffer default as a nation. If the debt ceiling is not raised by Tuesday, August 2nd, interest rates will rise, the dollar will decline in value, credit will be hard to come by, mortgages, car loans, bike loans would be difficult to find.
If an agreement is not reached by Tuesday, the stock market that has been, basically, on hold for the past few days could crash like it did in 2008. President Obama warned that Social Security checks and other government programs like Medicare and Medicaid would be in jeopardy.
With all that, and there is certainly more at stake here, this is the bedrock that we find ourselves in as both Democrats and Republicans play there silly games in Congress. Beholding to the right wing of the Republican Party’s demands has held the Congress in check against any negotiations involving any increase in taxes. They build there case on the false claim that taxes of any kind will hurt the fragile economy on the creation of jobs and other myths. What they fear is finally getting taxed as they should been all along.
By reading a couple of books on economics and history you’d find that trickle down economics presented during the Reagan administration by Arthur Laffer a staunch conservative economist and libertarian did not produce the results Laffer proposed. The first President Bush called Laffer’s plan voodoo economics with no merit. Yet the trickle down hypotheses is what the right wing Republicans hang there empty hats on today. They forget that in 1982, their own right wing conservative Ronald Reagan raised taxes because it was in the best interest of the country. Republicans apparently don’t read much history.
The Democrats, on the other hand, are being held back by the left of the Party that want to hold tight to the entitlement programs, Social Security, Medicare and Medicaid. They are almost as stubborn as the right wing nuts because they cannot see that not streamlining Social Security, Medicare and Medicaid will ultimately bankrupt the country. This is not the time to kick this can down the road; certainly this is not the time to bury their heads in Potomac sands.
Still playing games in the Congress the past couple of days, the Speaker of the House, John Boehner squeezed a bill through the house that he knew was going to be tabled in the Senate. On the other side, Harry Reid, Senate Majority Leader, presented his plan that was killed in the House. Neither plan really met the needs of the country…political pressure, again, prevents the two sides from being able to negotiate and cut a deal that will benefit the American public…according to the news today, there were no plans to negotiate anything face to face on Saturday.
To add to the mix, President Obama endorsed Harry Reid’s plan but gave notice that he would veto Boehner’s bill if it reached the White House. Finally, Republican Minority Leader, Mitch McConnell, threw his two cents into the mix, claiming that “A national default is not going to happen.” Glad he’s so sure, aren’t you?
Americans meanwhile are fed up with all the shenanigans going on in Washington D.C. If this kind of government, tainted by kept politicians, paid by lobbyists representing the wealthy and big business continues when elections are held next year many of these people will face serious consequences for their irresponsible behavior.
Let’s count the various problems facing this country today; continued military presence in Iraq and Afghanistan is costing this country inordinate amount of treasure and the lives of our young soldiers; Social Security and the other entitlement programs are completely out of balance and continuing to cost the U.S. $50 billion a month; the infrastructure needs of the country, new roads, bridges, internet improvements are being ignored; new jobs for the 24 million people unemployed, underemployed or just no longer looking for work they cannot find is costing the country in production, productivity and revenue at a cost that is hard to estimate but huge; healthcare systems are so out of tune, that in one community in the country, the poorest people cost the Medicare and Medicaid system billions of unnecessary dollars simply because these poor people have nowhere to go to but emergency rooms to meet their medical needs…like a common cold or flu; pouring money into the educational cesspool every year that produces graduates who cannot write a simple paragraph and ranks in 25thor worse when compared to other developed countries schools; oh, I could go on and on, but my carpal tunnel is kicking so better stop.
Meanwhile, do as President Obama asked today, send an email to your crack Congressional representative and tell them to quit playing politics and negotiate a deal that will benefit we the people.
The U.S. Constitution waswritten to establish a new government that would benefit the population in the new country, stating: “We the Peopleof the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
You might want to cut the last paragraph and include with your message to your representative in Congress…maybe they’ll get the point, don’t bet on it though.
“Ninety eight percent of the adults in this country are decent, hardworking, honest Americans. It’s the other lousy two percent that get all the negative publicity. But then, we elected them.” Lily Tomlin, American Comedian (1939-Present)