Wed Nov 28, 2012, 02:53 PM
babylonsister (150,600 posts)
"A price for everything"
"A price for everything"
by Steven D
Wed Nov 28th, 2012 at 09:14:35 AM EST
That's what John Boehner told President Obama when Obama told him that there had to be a deal on the debt ceiling. But he wasn't really talking to Obama - he was talking to the people of the United States who re-elected Obama to a second term and helped Dems pick up seats in the Senate and House. In essence he's telling all of us the price for the Democrats winning the election is that the Republicans in the House are going to ruin the US economy if they don't get what they want - no tax cuts for the rich and cuts to Social Security, Medicare and Medicaid. For starters - repeal of Obamacare is also "on the table."
This is how the Movie Mafia Gang Lords talk. It's extortion. It's a direct threat to tank the country's economy. In fact, we've seen this real life political hostage taking before in 2010 and 2011 when Republicans played a crude, reckless and dangerous game with the lives of their fellow citizens as part of a naked grab for complete power over the budget and also to wreck Obama's re-election by any means necessary. That a last minute deal to keep the Bush tax cuts in place resulted in a downgrading of America's credit rating and damaged the economy was just "collateral damage" as far as Republicans were concerned.
The threat that the country might not pay all its bills caused a slump in financial markets and led in August 2011 to the first downgrade of the nationís credit rating. It left broader economic scars, too. Many economists contend it hurt economic growth and jobs, and a July 2012 report by the Government Accountability Office found that it increased the countryís borrowing costs by about $1.3 billion in the 2011 fiscal year.
On short, Republicans didn't give a damn about the millions of unemployed, improving the economy so people could find jobs and provide for their families, or protecting the social safety net for millions of people on Medicare and Social Security. All they cared about was preserving tax cuts for the wealthiest Americans from rising 3.5%. They were willing to cut spending on everything for essential scientific research, funding for the National Weather Service, the safety of our food and medicine the FDA, money for disaster relief, etc. Only cuts for defense spending were off the table. In brief, it was their version of Austerity or nothing
To call the GOP a political party is an oxymoron. The republicans in office are merely the means by which right wing media outlets generate infotainment programming and revenues, large corporations preserve the ability to make obscene profits at a time of economic distress, and a fee hundred billionaires protect their monstrous hoards of wealth from a small rise in taxation. It's not a political party,it's simply the bought and paid for political machine of people like the Koch Brothers. It will not compromise or do the "people's business" because it does not care about the people, nor is it able to compromise.
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