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Economic Terrorists [1]
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Date: 2023-01-17
The Republican Party has become the party of angry, racist, old white men, and it has painted itself into a corner by selling a dark and paranoid prophesy to people who are already afraid of a democracy in which they no longer constitute the majority. The election of President Obama was the turning point for the Republicans. That is when they decided that their power was more important than democracy, and that is when they decided to burn down the economy rather than letting a Democratic President do what is in the best interest of this country and its people. In July of 2011, I posted on Mac's Back Porch an article entitled "Not Politics As Usual" in which I commented on John Boehner and the Republicans holding the debt ceiling hostage. As I pointed out in that post:
“...the debt ceiling was raised clean eighteen times under Ronald Regan and seven times under George W. Bush. The reason why the debt ceiling was routinely raised without any strings attached is that the debt ceiling is merely an authorization to pay the debts incurred when Congress authorized the expenditures. In other words, these are current debts that must be paid. The debt ceiling has absolutely nothing to do with any future debts that may be incurred as a result of congress authorizing future expenditures. The Republicans disingenuously analogize the national debt with household debt. Mr. Boehner did this when he said we must live within our means. It was a false analogy because he was talking about decreasing our future spending rather than debts that have already been incurred. If you default on all your debts the banks will foreclose on your house and your car will be repossessed. If you default on debts other than your house and or your car your credit rating will be downgraded and the interest you pay on your mortgage, your car loan, your credit card debt and all other debts will increase. In which case your monthly payments on all of those loans will increase. That is the reality and that is the proper analogy.“ So why did the Republicans create this phony issue? Why are they so eager to run our economy off of a cliff? The answer has two components, the first of which is revealed in statements made by Carl Rove and other Republicans who have said that the Republican Party should make it impossible for any Democratic President to govern... The second reason why they have picked this fight is because they want to destroy all entitlement programs, including programs such as Medicare and Social Security which people have been paying into throughout most of their adult lives. The Republicans are obviously more than willing to cause another great depression in order to accomplish those goals! When a group of people, certainly a minority in this case, intentionally set out to harm our nation and overthrow a duly elected government it is called treason. Not in my worst nightmare have I imagined myself accusing a politician, let along a political party, of being traitors, but no party in modern history has had a significant number of its members threaten our country in this manner before. The only defense for what the Republicans are doing is insanity and that defense also makes them unfit to govern.”
As I reread that post, I could feel the anger that made me use the term “great depression” and accuse Republicans of treason. The proper term is probably great recession rather than depression, and the people who have their hands up Kevin (Charlie) McCarthey's butt and are controlling what he is saying about the debt ceiling are the same “seditionists” who aided and abetted an attempted coup d' etat. If anything, the tea bagging MAGA's have made the Republican Party even more vicious, desperate, and dangerously insane than it was the first time it threatened to blow up economy by not raising the debt ceiling. This refusal to authorize raising the debt ceiling is a murder- suicide attempt that will not end well for anyone.
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