Posts Tagged ‘debt ceiling’
So, the memo has gone out. “Fiscal Cliff” is the new code, to scare people about the economy. Let us keep our tax handouts to the richest 1%, or we’ll threaten you with economic calamity and drive you off a financial cliff. We’ll threaten to crash your economy. Again.
Didn’t you do that to us already? Ooh. Pass TARP or you won’t be able to get any more loans! Okay. We passed it. Economy still went down the toilet! Do we need a rush on the banks? Just take all our money OUT of Wall Street’s Casino?
Guess it’s time for the market to take a dip. Are short sellers lighting cigars somewhere? All it takes is a hush, a whisper and a false report, to bring down an entire company overnight. Yes, because regulators are so intent on pleasing their corporate masters, they threaten to plunge America into default, rather than bite the hand that feeds them.
Yes. The boom and busting bubble market will always pop and go down. Those who are hoarding cash will go shopping for the low, low price of whatever they decide to plunge the price down to. If you’ve already got investments, hold on. The roller coaster usually comes on the heels of political news, so it’s not surprising to see it happening now.
Not America. Not you. Not me. Who holds our debt? Multinational banks? Who do our politicians work for? America? Or something else? Why would they do something that would help big banks get bigger interest rates, and crash our economy even worse than it is now? Do they want America to fail?
Wall Street is once again so corrupt, they’re like children misbehaving, begging for discipline.
It’s no wonder those who hate government fail to govern. It seems, all they’re after, is tearing it down. All the while, wrapping themselves in the Constitution. Do they realize, the Constitution, is government? It’s there, for all of us. Not just those who want to cherry pick its relevance. Here in America, we are all supposed to be created equal. There are no kings. Money has corrupted our political system. It’s the elephant in the room that if continued left unchecked, will ruin us. Whatever happened, to Russ Feingold? They ran him out of town on a swiftboat? What happened to the McCain/Feingold attempt to rein them in? Zip. Supreme Court now says only those with the most money get the most free speech, so I guess some are more equal than others.
Now, those who pretend to “love America” want America to ruin its credit by default. Maybe the banks will like it that way, when they can charge American taxpayers billions more in higher interest rates, but are they working in the best interests of America? Do those who hate government, fail at actually governing?
The GOP’s latest game of chicken regarding the debt ceiling is hailed as a solution to our debt, but would result in billions upon billions more we’d have to pay in extra interest charges. It’s reckless, ridiculous and dangerous for our country. Why aren’t more people calling them out, for endangering our country this way? They’re acting like that deadbeat friend who asks you to cosign for something, then ditches out on the debt and leaves you with bad credit. It’s sickening to watch them fall over themselves to hand out tax breaks and bloated corporate welfare, while punishing the middle class and the entire nation with their hysterical and irrational debt dance that even they admit is all just for show. In their zeal, do they understand they’re hurting us all? Fiscal responsibility is more than just curbing spending, it’s also being a good steward to our country, honoring our debts, and protecting our credit rating.