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The President’s latest scare tactic to try to persuade a debt ceiling deal is just horrible and wrong. You don’t go and scare the senior citizens into thinking they won’t get their Social Security checks if the debt ceiling isn’t raised. Not many in the news will tell the facts, but the Federal Government brings in much more than is necessary to ever not pay the interest we owe and avoid a “catastrophic” default. Things really don’t change, and it’s unfortunate that our President will take advantage of the senior citizens’ positions in life to gain support for anything that he deems necessary for his agenda and the special interests’ agenda. Threaten their checks, and they’ll do whatever you want, Mr. President.
What’s even more unfortunate is that those that are dependent on their checks, and will support whatever means necessary to ensure they get those checks, don’t understand the whole grand scheme of things and how caving to any deals out of either selfishness or necessity, will ensure an entire collapse. They don’t understand that while they are getting their checks and ignoring the real problems we’re facing, they’re also being ripped off by the devaluing of the dollar. You may still get your check and be happy with it, but when you go and buy things, and your check doesn’t go near as far as it used to, maybe then your eyes will open.
Prices aren’t rising, it’s the fact that your dollar is worth less due to the policies of our Government and central bank.
The best analogy to the debt ceiling is like having a credit card that is maxed out, and calling the credit card company and asking for a credit limit increase. It wouldn’t happen, nor should it happen. Same goes with our Government!!
A deal will be made by the elected officials that have sold their souls, but the best thing that could happen would be for a deal not to be made. For real cuts to be made in spending, both at home and abroad. Painful it would be, but it’s no different than going for minor operation now and enduring a little pain, or waiting and going for something serious with lots of complications and lots of pain later on.
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Hey Shane, don’t blame the PRESIDENY. Blame the Party that would rather have mult-millionaires and corporate jet owners get tax breaks at the exopense of everyone else…while the unemployed and the senior citizens pay a dispropotioonate share of THEIR meager income.
Hi Don – I appreciate the comment.
There’s actually plenty of blame to go around. I just think that threatening the senior citizens with the item that they most count on and treasure is pretty pathetic on our President’s part. Not to mention his current position on the debt ceiling is a complete 180 from his Senate Floor Speech on March 16, 2006 regarding Public Debt.
The blame belongs to the President and Congress alike. Both are responsible for staying the course on endless wars and endless spending. Raising the debt ceiling only puts a greater burden on our children and grand children, assuming we are able to continue to find someone to borrow from. Which is likely, given the Federal Reserve doesn’t mind to continue it’s policies of trashing the dollar’s value and pump money into the system by means of QE.
It’s a fact, closing the loopholes and even raising the taxes on the wealthiest Americans would do practically nothing to solve our enormous budget problems.
I’m guessing you are probably Liberal, so you may feel compelled to defend the President, but there is always a better alternative. Check out Ron Paul. He should be favored by Liberals for his non-intervention foreign policy that the Democrats are supposed to be for (minus Obama of course). And favored by Conservatives for his anti-tax and other views. He’s such a breath of fresh air in our political system (with a long term record of standing up for individual Liberty and the Constitution), and even with the opposition from his own party, stands a great chance of helping us buck the Status Quo from this nation. If Ron Paul wins, we the people win. If Obama or one of the other Republican candidates win, then the special interests win yet another 4 years to continue the policies that have bankrupt our nation and middle class.