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Saturday, July 9, 2011
What patriotism is there in wishing our country to default on its debt and bring ruin to all of us?
Once more, as it has often been the case with Teahadist-Republicans they actually want to bring our country to an economic collapse so that they could regain the reins of power. The reality is that they don’t understand economics or the debt or our country’s commitments; if they did, we would not have been in the crisis they got us into and would not be toying around with financial ruin if they don’t get their way.
But then again, nobody can claim that the Republican-Teahadists use reason and logic because for them ideology and their insistence in eliminating social programs as well as instituting prudish, repressive cultural issues is what matters to them.
I think it is time that we all woke up from our catatonic slumber and begin to oppose the GOP more vigorously before they have their way and fuck up the economy and in the process fuck us without Vaseline.
I find it peculiarly amusing that a great majority of Republicans are not wealthy and yet they are defending the interests of the very wealthy and the corporations…when they don’t have a pot to piss in or a window to throw it out of.
This piece written by PAUL GLASTRIS ( 
)depicts this situation very well:
“Playing Chicken with History washingtonmonthly.com — If America really is threatened by a growing mountain of debt, shouldn't the wealthy help out by paying higher taxes? Most voters think so, according to polls, and for good reason. The rich have enjoyed staggering run-ups in their incomes and net worth in recent years, while average Americans have barely treaded water. The idea that the economy will suffer if we modestly raise taxes on upper-income Americans is belied by recent history: we increased tax rates on the rich in 1993 and the economy created more than twenty-two million jobs; we cut them in 2001 and the economy created fewer than seven million jobs. Higher taxes on the rich won't stifle America's economy either. Nor, I think, would most wealthy Americans object to paying more if they truly understood that the fate of the country is on the line. History shows that the rich sometimes make suicidal decisions. The challenge of American democracy right now is to somehow keep ours from doing so.
KATRINA VANDEN HEUVEL weighs in on this crisis:
Invoke the 14th — and End the Debt Standoff washingtonpost.com — On its current course, the United States is four weeks away from defaulting on its debt for the first time in its history. If that happens, spending and investment will all but disappear. Social Security checks will stop being mailed. Everything from military pay to food inspection will be compromised, if not fully cut off. Millions of unemployed or underemployed will be joined by millions more. In theory, this is unthinkable, and it will be remedied by reasonable political parties making reasonable concessions across the negotiating table. But Republicans have been negotiating in bad faith, unwilling to compromise even an inch on their extremist and absolutist positions. Some are no longer willing to come to the table at all. With that backdrop, President Obama may find that there is only one course left to avoid a global economic calamity: Invoke Section 4 of the 14th Amendment.
SOURCE: OURFUTURE.ORG
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