Sunday, July 17, 2011

Slow Saturday Special: Democrats Duplicitous on Debt

It's all politics, and thus the straw man of Social Security (what happened to the trust in trust fund?) is erected as the debt hole of empire is dug deeper.

Here's an idea; end the wars and the tax money tossing homeland tyranny of hoaxes, false flags, and frame-ups. Pouring all that $ into a surveillance society and control grid over lies. I mean, really! And the mass-murdering, war-criminal occupations and invasion? Most distasteful at this point.

But no, this is what we get for "debate" on the debt over here in AmeriKa (as told by my morning BG):  

"Obama may back fallback plan; Still pushes tax increases as part of ‘big deal’" July 16, 2011|By Jackie Calmes and Carl Hulse, New York Times

Hey, I guess I'd fall back into a dictatorship myself at this point -- in the sense that it would be my own. 

Should last all of about 5 minutes once I order the wars to an end, stop signing the checks to Israel, and enforce Kennedy's still standing executive order for the constitutional currency to return and ending the clutches of a private central bank in the form of the Fed.

WASHINGTON - With talks on a big budget deal locked in stalemate, congressional leaders turned yesterday to negotiating a fallback plan for raising the debt limit as President Obama and House Republicans intensified their efforts to win over public opinion for the long political battle ahead.... 

The fallback plan is an Obama dictatorship, but don't tell anyone.

Related: U.S. Debt Ceiling Increase Remains Unpopular With Americans

By some pretty stunning margins when you consider the three voting blocks. I only point it out to ask you to REMEMBER THAT for LATER!!!

Both sides are eager to avert an economic and political crisis, and the blame that would go with it, if the government breaches a $14.3 trillion borrowing ceiling on Aug. 2.  

Ummm, I don't know how to tell you guys this but YOU ARE BOTH TO BLAME, and I HOLD BOTH RESPONSIBLE for the COMPLETE LOOTING and BANKRUPTCY of our country!!

FULFILL your PROMISES to the PEOPLE FIRST and STOP IT with the CHICKENSHIT POLITICAL GAMES! 

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But no, instead we get Kerry the hypocrite who is keeping us in as many wars as he can find.

Wasn't he out in front on Libya and still saying we should stay in..... 

Oh, I'm sorry. After a while you just tune the senator out.

"Kerry chastises GOP over deficit crisis" July 16, 2011|By Michael Levenson and Theo Emery, Globe Staff

Republicans are holding the nation hostage by using the vote to raise the debt limit as a way to advance their ideological agenda, Senator John F. Kerry charged yesterday, adding that tax increases had to be part of any long-term solution to the deficit crisis.

As he and his advance their agenda. 

Addressing reporters outside his Boston office, Kerry said that if the US defaults on its loans, the consequences for the state, national, and global economies would be “absolutely devastating.’’

Hundreds of thousands of veterans and Social Security recipients would see benefits delayed, he said.

(Blog editor just looks at the stiffing of soldiers and the dejection that sets in about Democrats. Yeah, they fund the wars with their budgets but when it comes time cut 'em a check for service.... sigh. Did BANKS have to WAIT to get a CHECK CUT for the BOTTOM-LINE-FIXING, BONUS-BENEFITING BAILOUTS?  Yeah, about a week as I recall.)

If the nation’s debt rating is downgraded, he said, 600,000 Americans could lose their jobs, and the stock market could plunge, jeopardizing retirement savings.  

Here we go again. F***ed if you do, f***ed if you don't.

“This default has to be avoided at all costs,’’ Kerry said....   

What a far fall for a guy who was once viewed as an antiwar champion and now nothing but an agenda-serving creature of money.

Democrats, he said, are proposing a tax increase on Americans who earn more than $250,000 a year, along with major spending cuts that Republicans are seeking. Kerry, a multimillionaire, said wealthy Americans can afford to pay more in taxes.

So where were you guys the last two years with a filibuster-proof majority that kept the Bush tax cuts, thereby breaking a campaign promise to roll them back, blah, blah, blah, blah, blah?!!? 

These guys kick around this political football called the public and it's all crap. Then again, that would explain the media coverage and tilt, wouldn't it?

But Republicans have rejected any increase in taxes, warning it could hurt the economy.

“We need to stop the phony debate,’’ Kerry said. “It’s time to stop taking America hostage for small ideology. It’s time to get the job done.’’

What an embarrassment.

Governor Deval Patrick also warned of the potential calamity a government default would create, telling congressional leaders in a letter that states can “ill afford to bear the brunt of such a preventable crisis.’’

Patrick said that a default would interrupt more than $200 million in weekly reimbursements that Massachusetts draws from the federal government, from Medicaid to food aid.

“Failure by the US government to meet its obligations to the commonwealth for even a short period of time could create a serious state cash flow issue,’’ he wrote. 

Of course, millions a month are paid to debt-inducing deal-designing banksters and well-connected, agenda-pushing corporate interests, etc, etc, etc, but you know.....

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"Stakes high in debt talks for moderate GOP senators; Face political risk in backing tax increases" July 16, 2011|By Theo Emery, Globe Staff

Moderate Republican senators Scott Brown of Massachusetts, Olympia J. Snowe of Maine, and the other moderate Republican senator from Maine, Susan M. Collins, say that constituents have been clamoring for a resolution to the issue, with many particularly concerned about whether Social Security checks will go out if the sides are unable to broker a deal....

That tells you the Amerikan media bullhorn can still have you wading through a pile of bulls***.

While any debt limit deal would likely face a House vote first, scenarios under consideration would have the Senate take the initial vote to give the measure momentum before it reaches the House.... 

In AmeriKan mediaspeak that means put pressure on those House holdouts.

Isn't that unconstitutional? Aren't all spending bills supposed to originate in the House (or legislation for that matter)?

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Yeah, whatever, it is not like they go by the thing.

And just to make sure the point is hammered home I give you the front-page, lead-feature fare:

"As debt impasse grinds on, anxieties growing; Recipients of federal benefits worry that their lifeline might be at risk" July 16, 2011|By Todd Wallack and Taryn Luna, Globe Staff | Globe Correspondent

If the federal government fails to raise the debt ceiling by Aug. 2, Army National Guard Specialist Julio Rodriguez may have to go without his $2,500 monthly salary.

For Randy Green, unemployment benefits could be at stake.

Retiree Laura Kirby worries that her Social Security check will not arrive next month.

Far from the fray in Washington, D.C., over whether Congress will allow the Treasury to borrow more money, people are reacting with a mixture of concern, skepticism, and disdain at the prospect of a government default. No one - not even the country’s sharpest economists - knows just what would happen if the government started running out of money to pay its bills, and few expect that to happen. But most everyone has something to say about a worst-case scenario.

“That would be a sad day because it wouldn’t just affect me,’’ said Rodriguez. “It would affect everyone who is counting on their money and expecting the government to be squared away.’’

Rodriguez, 39, of Lowell, said he supports himself and two young daughters on his Army pay. Last year, he suffered facial nerve damage during a tour of duty in Iraq, leaving him blind in one eye. 

I thought combat operations were ove.... this is one of the vets they are talking about? 

So much for service, 'eh?

Like many others, he believes elected officials are trying to use the debt-ceiling standoff for political gain, a way to swoop in at the last moment with a solution and take credit for averting disaster....

Oh, it is being played for politics but not for those reasons.  

The failure to reach an agreement to raise the debt ceiling has Green, an out-of-work ironworker, contemplating an unpleasant emergency option: seeking help from his five adult children. Green, 69, who lives in Roxbury, said he hasn’t brought home a steady paycheck since February. He can’t afford an interruption in his $625 weekly unemployment benefits....

Jay Powell, a former undersecretary at the US Treasury under President George H.W. Bush and a visiting scholar with the Bipartisan Policy Center in Washington, D.C.,  said the government probably would have to cut crucial government programs, such as Social Security or defense spending.

I laughed at that, but it was a bitter, biting, snarling laugh with no joy at all.

A default probably would also damage the country’s credit rating, analysts said, spooking financial markets and driving up interest rates. That would make it more expensive for government, businesses, and individuals to borrow money.  

Yeah, and that's the thing: Bankers will clobber this economy with their usurious rates.

Still, most analysts and other observers are betting Congress and the White House will strike a last-minute deal.

“I would still place a very low probability on [a default] occurring,’’ said Tom Luster, a portfolio manager at Eaton Vance Corp., a Boston mutual fund company. “Cooler heads will prevail.’’

**************************

Susan Kaplan, a certified financial planner in Newton who runs Kaplan Financial Services, said any impact of a debt default would probably be temporary because Congress would respond rapidly to the calamity, so investors - while rightfully anxious - should not panic.

Kirby, the Social Security recipient, can barely conceive of the government abruptly running short of cash in two weeks.

“I think we would have people declare civil war,’’ said Kirby, 76, who was passing through Boston from Somerset, Ky., this week. “I worry about people who need that [Social Security] check - half of America will be homeless.’’  

On there way there if not already because of foreclosure fraud, but the larger point is we NEED REVOLUTION not civil war!! 

There IS NO CIVIL WAR!  Americans AGREE on SO MANY THINGS!

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Here is one guy that doesn't have to worry about money:

"Wealthy fund-raisers help bolster Obama campaign  

WASHINGTON - President Obama’s campaign team has signed up an early wave of elite fund-raisers who have collected at least $34.95 million since April, to help bankroll the president’s reelection bid.

The Obama campaign disclosed its list of 244 individuals and couples yesterday who serve as “bundlers,’’ often wealthy, well-connected donors who raise campaign cash from friends and business associates....   

Bush called 'em rangers.  Hey, it's change.

Obama’s top fund-raisers include leading lawyers, business executives, and film industry leaders....

The fund-raisers have staked Obama, who does not face a primary opponent, to a large money advantage over the Republican field....     

And given the pathetic lot of Republicans (other than Ron Paul, who won't be getting close to the nomination in a machine-voting society) his reelection is assured.

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And you want to talk about duplicity?

“This is not a matter of the American people knowing what the right thing to do is,’’ Obama said. “It’s a matter of Congress doing the right thing and reflecting the will of the American people.’’

Which is AGAINST RAISING the DEBT LIMIT -- and AGAINST the WARS and FOR a GOOD, DECENT, SINGLE-PAYER HEALTH SYSTEM and AGAINST ANY MORE INFLATED MONEY for WALL STREET and.... 

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He's going over their heads and to the public?  

He has threatened social security for political gain and special interests? 

That is why his administration is going to withhold veteran checks?  

Beyond Absurd: Obama Thinks 80% Of Americans Want More Taxes

He's more than duplicitous, he's delusional!