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Archive for July, 2011

Middle-class Massacre

July 26, 2011 By: Kvatch Category: Finance, Politics, Protest 3 Comments →

As US debt negotiations propel this country toward the cliff, one thing is becoming increasingly apparent: Republicans are not interested in a deal, not even on their own terms. Obama has put forward a $4T plan that…well…gave the Republicans more than they asked for on deficit reduction. Boner and the House Thug’s rejected it because it included new revenues. Harry Reid, quite literally, gave Boner everything he’d outlined the previous week. Eric C*nter called the plan a “gimmick”.

Pundits claim that this high-stakes brinksmanship is about destroying the Obama administration, about defunding Medicare so that it can be used in the next election to get a ‘Thuglican back in the White House, but this is incorrect.

Republicans want a default, and here’s why: They’re not out to destroy Obama but the middle-class. They want, with one stroke, to wipe out that class of people that provide stability in this country but that also make elections volatile and unpredictable. They feel, that if they can destroy the middle-class, they can somehow consolidate Republican power for a generation.

Personally, I can’t really grok this twisted logic, but the result—what will happen to markets on Thursday and Friday—is the end that justifies, or at least exposes, the means. When 8 trillion more in wealth is wiped out between Thursday and Monday of next week, the loss will fall squarely on the middle-class. Most of us will be wiped out in one giant financial massacre, and every time I see the Republicans walk away from the negotiating table with some pathetic, lame, entirely new, excuse I become more convinced that the real goal of the Republican party is to finish us off for good.

Washington politicians flush U.S. economy down the toilet

July 17, 2011 By: Frogette Category: Economics, Government, Protest 2 Comments →

I am so sick of the debate over the debt ceiling.  It’s all anyone has talked about for the past couple of weeks.  News outlets breathlessly report that we are approaching the time limit for passing debt ceiling legislation while Tea Partiers harrass their newly elected representatives saying that raised taxes will end in their being turned out of office.  It’s all rhetoric.  That is until Moody’s really does downgrade the U.S. credit and we’re all totally humped.  And President Obama, this appeal the middle class to ‘sacrifice’ for the sake of the Nation.  You can just stuff it.  I’ve sacrificed all right.  I’ve paid into social security, worker’s comp and Medicare/Medicaid all my life and I’m not going to get diddly from any one of those programs.  I accept that and I’ve planned for my retirement, but if you and the Congress blow this one the U.S. economy is going to spiral into freefall and once again I’ll watch my retirement savings vanish in front of my eyes.

It’s time for you people to make a deal and get real.  Raise taxes.  You don’t pay your bills by making less money, why on earth would you believe the U.S. can meet it’s debts without bringing in more cash?  We are borrowing money now because we don’t have enough to meet our obligations.  Cut spending.  Stop funding wars, prisons, and programs we simply don’t need.  No sacred cows.  Just do it.  America is tired of hearing you all rail about the debt.  We want a solution, not more hot air so get in there and hash out a deal.  Or I myself will make it my mission to turn you out of office.  You hear me?

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