Monday, July 18, 2011

The Debt Ceiling

This debate over whether President Obama should raise the debt ceiling has been raging for a long time...I feel as though I should have spoken on this weeks ago...but I was just waiting to see how all of this was going to play out.

First things first..Most Americans don't know the "Debt Ceiling" from their ceiling in their living room...Not to feel bad..I didn't know either until a few weeks ago...Thanks to the Tea Party....Most Americans probably believe that If President Obama doesn't raise the debt ceiling, that everything will be okay...

Wrong!  If he is not allowed to raise the debt ceiling...Our servicemen and women serving around the world and risking their lives for our country might not get paid...Medicare and welfare checks might not go out...Government workers won't get a check either...  Far worse than that...Our government will not be able to pay it's bills and we will default on loans to other countries (like China). This could throw our nation into a worse economic recession than the one of 2008.

Of course ,some Republicans and Tea Party folks would like nothing better than that...
It would make Barack Obama , a failure (In their eyes) and assure them the White House in 2012.

That they are willing to play chicken with the future of not only the American people ,but with the world economy simply appalls me.. What appalls me more is the fact that ignorant people...In the working class still continue to vote Republican , Time after time after time.

Some idiotic Tea Party official said to Barack Obama last week-"Mr. President, have you no shame...In three years that you have been in office, you have bankrupted the country."  Oh really? Really?   Ronald Reagon and both Bushes bankrupted this country with their tax breaks for the wealthy and their deregulation of big multi-national businesses...Did this escape everybody?

When elected ,President Obama had to bail out the banks and the auto-industry because he couldn't allow them to fail...Had he of allowed them to fail, I can tell you that things would be a lot worse than they are now...We wouldn't be talking about  recession...We'd be talking about depression...

I'll speak on this more tomorrow.


Grover Tha Playboy! said...

Damn right about that brother!

♥ CG ♥ said...

They're going to drag this out to the bitter end, but the reality is that there are no winners. Talk about preschool antics...sheesh


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