Tag Archives: debt ceiling

Uncategorized

Raise the debt ceiling

The debt ceiling battle is about to be joined once more in Congress.

It’s a fight Congress and the White House shouldn’t wage. It threatens the nation’s credit rating, which already has been bumped downward and it poses an extreme threat to our economic health — not to mention the retirement accounts of many tens of millions of Americans who are fed up to here with the foolish games being played.

I am one of those fed up Americans.

http://www.fixthedebt.org/blog/no-putting-a-lid-on-the-debt-ceiling_1#.UkHMCUoo6t8

Congressional Republicans, led by the tea party yahoos, are posing a serious threat to our well-being. They say the debt ceiling shouldn’t be increased, claiming some specious notion that federal spending must be brought under control. It is true the government spends too much. It also is true that if we do not honor our financial obligations — such as paying our bills — the consequences are going to eclipse the petty arguments that might lead us to default on those obligations.

The GOP’s tea party cabal keeps invoking the name of their patron saint, President Ronald Reagan, when discussing these fiscal matters. Here’s a flash: President Reagan, working with a Democratic-led Congress, boosted the debt ceiling 18 times during his two terms in the White House. No muss no fuss. No one griped openly about government “spending too much,” even though the deficit increased during President Reagan’s time in office.

Congressional Republicans are playing with fire if they take us down this road. Mark my words, they will suffer some grievous political burns if they fail to allow the United States to meet its financial obligations.

Uncategorized

Leave health care act alone, poll says

Would it surprise you to learn that a new poll says that Americans do not want Congress to defund the Affordable Care Act, aka “Obamacare”?

It surprised me.

http://www.nbcnews.com/business/most-americans-against-defunding-obamacare-cnbc-survey-4B11231267?ocid=msnhp&pos=7

CNBC’s latest survey suggests, therefore, that congressional Republicans are playing with fire in their attempt to gut a law that Congress approved, President Obama signed and the Supreme Court affirmed.

They contend the law is “failed.” How they know that is beyond me, given that it hasn’t even been implemented yet. Those all-knowing GOP lawmakers, though, are prescient enough to predict what they do not yet know.

The stakes in this game are getting a bit too rich for my stomach. The House has approved a spending measure that takes money away from Obamacare. The president will have none of it. Neither will the Democrats who run the Senate. Failure to approve the spending measure, thus, means the government could shut down.

All this is a precursor to an even bigger battle over whether to boost the nation’s debt ceiling. The tea party goofballs within the GOP don’t want to do that. Never mind that their patron saint, President Reagan, raised the debt ceiling 18 times during his two terms in office (1981-89).

Yep, Republicans are playing with fire, which is going to burn them. I don’t care about that. I do care about suffering the damage myself, especially if my retirement income starts flying out the window.

Uncategorized

Insanity tightens its grip on House GOP

Insane.

That’s the only word I have to describe what congressional Republicans have just done. They’ve approved a spending measure that includes defunding the Affordable Care Act, Barack Obama’s signature achievement so far in his presidency.

http://www.washingtonpost.com/politics/house-passes-gop-spending-plan-that-defunds-obamacare/2013/09/20/4019117c-21fe-11e3-b73c-aab60bf735d0_story.html

The president and his Democratic allies in the Senate have said categorically they will have none of that. They’ve been joined by sensible Senate Republicans who say that defunding “Obamacare” is the wrong approach to deal with this issue.

All this sets up a possible — some might say probable — shutting down of the federal government in 10 days.

House Speaker John Boehner is declaring victory because, he said, the House has approved a continuing resolution to fund the government while taking money away from “Obamacare,” which he has called a “failed policy.” Failed? How does he know that? It hasn’t even been implemented fully yet.

This targeting of a law approved by Congress, signed by the president and affirmed by the Supreme Court simply astounds me.

The consequences of this fight are even more mind-boggling. Suppose the government shuts down — except for “essential” services. Parks will close. Services the people expect will cease. The anger that this tactic will produce seems almost incalculable at the moment. Who will pay for this? The Republican Party leadership in the House of Representatives.

That doesn’t matter to the tea party wing, the insane wing of the GOP, most of whose members were not around when the GOP tried this before. Voters rose up and slapped them bald-headed at the next election.

The worst news of all is that this round of haggling is merely a prelim to the main event, the upcoming fight over whether to raise the debt ceiling. If Congress chokes on that one, then the hurting really starts.

It’s insane, I’m telling you. Insane.