Posts Tagged ‘debt ceiling

03
Aug
11

Tea Party Terrorists

Defenders of the Tea Party and their tactics deny they are terrorists or using terrorist tactics. They criticize Vice-President Joe Biden for likening their behavior in the Republican-manufactured debt-ceiling crisis to terrorists. However, Biden is absolutely correct.

This crisis didn’t need to happen. The debt ceiling had been raised dozens of times, particularly during the Presidencies of Saint Ronald Reagan and Junior Bush. Republicans and their Tea Party radicals declared they would not increase the debt limit this time without their demands being met. By not increasing the limit, they would force the country into default and in doing so, force a downgrade in the country’s credit rating, and in doing so, force higher interests on the government debt and on personal and corporate debt, and in doing so, send the country and the world into a deeper recession.

In other words, “Give into our demands or we destroy the economy.” That’s not terrorism?

02
Aug
11

Hypocrisy and Corruption

The so-called “Debt Limit Increase Deal”  is the most dangerous act of hypocrisy and cowardice in recent American political history, and saying so is not hyperbole. A minority of the minority party took the American economy hostage and extorted budget cuts that will destroy the safety net for those of us who can’t afford the multi-million dollar donations to the Republican Party and the Tea Party hostage-takers. A party that took the budget surpluses of the prosperous Clinton years and turned them into deficits of hundreds of billions of dollars through tax-giveaways to the rich and handouts to the military-industrial complex through two unfunded and unnecessary wars now has the gall to demand that programs designed to help the poor and middle class be gutted so that the Republicans’ corporate masters can continue to amass even more wealth. And, then they call it “freedom.” They say they adore the Constitution, except for those parts they find inconvenient, and then create some extra-constitutional body to make decisions they don’t have the courage to make themselves. And, all the while, the right-wing media continues to lie to the country about what is being done and the rest of the media is afraid to call them out.

Keith Olbermann said it quite eloquently Monday night. 

01
Aug
11

Republican Terrorism

The Republicans, and the Tea Party in particular, have  used terrorist tactics in the debate over the debt  ceiling increase. Merriam-Webster defines terrorism as  “the systematic use of terror especially as a means of  coercion,” and if what the GOP and Tea Partiers have been  doing isn’t terrorism, I don’t know what is.

They have declared that they won’t vote for an increase  in the debt-ceiling unless Democrats and the President go  along with their demands. Some of the Tea Partiers are  quite obviously ignorant of the basic economics involved,  but some know exactly what they are doing. They know that  not raising the debt-limit with result in the United  States defaulting on its debt obligations for the first  time in history. They know that this will result in a  down-grade of the US debt rating from the perfect AAA to  something much less. They know that that will result in  higher interest rates on the US debt, thus increasing the  interest taxpayers pay on the debt and making the defecit  even worse. They know that this increase in interest  rates will cascade down to corporations and individuals,  who will all have to pay higher interest on loans and  credit cards. And, they know that Democrats and the  President don’t have the backbone to say “no” to them.

In other words, the Tea Party and the GOP are holding the  American economy (and the world’s, as well) hostage until  their demands are met.

If Barack Obama had a spine, which he has quite clearly  demonstrated he hasn’t, he would have refused to  negotioate at the point of a gun. He would have told the  Tea Party and the GOP that budget negotiations belong in  budget negotiations and not in the debt ceiling vote. He  would have said:

The United States does not negotiate with terrorists. We  do not negotiate with terrorists holding the American  economy hostage. We don’t allow Al-Qaeda to hold the  economy hostage and we won’t allow the Republicans to do  it.

Unfortunately, for the Democrtatic Party and the American  people, Obama has no spine. No matter what happens, the  Republican Terrorists have won.




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