Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined
July 20, 2011 | ISSUE 47•29
WASHINGTON—Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic meltdown of historically dire proportions. "It is a question that, I think, is worthy of serious consideration: Should we take steps to avoid a crippling, decades-long depression that would lead to disastrous consequences on a worldwide scale? Or should we not do that?" asked House Majority Leader Eric Cantor (R-VA), adding that arguments could be made for both sides, and that the debate over ensuring America’s financial solvency versus allowing the nation to default on its debt—which would torpedo stock markets, cause mortgage and interests rates to skyrocket, and decimate the value of the U.S. dollar—is “certainly a conversation worth having.” "Obviously, we don't want to rush to consensus on whether it is or isn't a good idea to save the American economy and all our respective livelihoods from certain peril until we've examined this thorny dilemma from every angle. And if we’re still discussing this matter on Aug. 2, well, then, so be it.” At press time, President Obama said he personally believed the country should not be economically ruined.
Link
Well, yanno, we have to present both sides as if they're equal, and all that. Intelligent design vs. evolution, homosexuality being a lifestyle or an orientation, whether the planets orbit the Sun or the Earth...
The sad fact is that this is the Onion, and yet it's basically exactly what the media is devoting hundred of hours to. Little discussion of the causes, or the specific history of the debt, or how low the tax rates are on the wealthy or what percentage of the national wealth they hold...
In fact, this Onion article is more informative BECAUSE it cuts the bullshit out. It gives just as much context and history as most corporate media outlets do, but doesn't sugar-coat it.
:sigh:
We're screwed.