Sunday, July 17, 2011

Debt Ceiling Talks: Reign Of Misinformation

My solace is in the fact that Americans are finally paying attention and making their feelings heard on the ongoing debt-ceiling debacle playing out in Washington DC.  Every available poll indicates that 80% of Americans favor the termination of the Bush tax cut for the rich.  President Barrack Obama alluded to this fact in his Friday’s press conference.  When political observers accuse Democrats of being horrible with messaging, you may not appreciate the gravity of this comment until you realize that of the 14.3 trillion dollar deficit, Republican presidents, Ronald Reagan, Bush Senior down to George Bush junior incurred 10 trillion.  Then you begin to wonder why is the DNC not jumping on this with two legs?  Can you imagine just what the Republican Party will do with this revelation if the contrary is the case? 
In his last press conference earlier mentioned, Obama introduced Americans to the origin of the country’s indebtedness, which included the 2 wars, Medicare part 2, Bush tax cut for the rich, and oil subsidies. None of these colossal money devourers was paid for.  In his characteristics “let’s be friend” attitude, President Obama failed or refused to blame the Republican Party for the larger bulk of the debt thereby opening the door for Americans to pass a joint guilty verdict on both parties. A GOP President will never allow a blurry line as to the debt created by a Democratic Party President. But just remember that while George Bush was busy fertilizing  growing our debts, former VP Dick Cheney made his infamous comment, that deficit do not matter. We now know that deficit only matters when the Dems are in the White House because it rallies the GOP base while painting the Democratic Party as fiscal rascals.
Let me join Texas Congresswoman Sheila Lee Jackson who, on the floor of the House, lamented what many Americans have long known that the Republican intransigence and hatred for President Obama and his policies were race inspired. No President in the history of this great country has been subjected to such scrutiny, such resentment, such derision like Barrack Obama, independent of the fact that he just might be the most intellectually versatile of all those who have occupied the Oval Office.  For seven times under George Bush, the debt ceiling was increased to accommodate further borrowing, without the madness of today.  Not many Americans are aware that debt became an issue with the presidency of Ronald Reagan whose government supervised the first debt ceiling talk. Prior, the United State was fiscally solvent, with enough money to throw around.  President Obama has been in office for less than three years, but one would think he created the financial dilemma that has engulfed this country, if you listen to the Republicans. “What is different about this president that should put him in a position that he should not receive the same kind of respectful treatment of when it is necessary to raise the debt limit in order to pay our bills, something required by both statutes and the 14th amendment,” Jackson said. He is no different than any other president that has served, and I beg this House and I beg this Congress to treat him with the dignity that that office deserves,” she concluded. “Get on with our work. Get on with solving the problems of the American people – a diversely, multicultural nation.”  
The GOP and its Fox megaphone, as well as a litany of other conservative rabble-rousers have done a great job muddling the airwave much that many recipients of government largesse could swear to God they have received any benefits at all.  Little wonder then that FOX viewers are the ignoramus of our time. For the first time, some Americans are dumb and relishing it.  Renowned political scientist Suzanne Mettler recently in a survey found that over 44 percent of Social Security recipients say they "have not used a government social program." More than half of families receiving government-backed student loans said the same thing, as did 60 percent of those who get the mortgage interest deduction, 43 percent of unemployment insurance beneficiaries, and almost 30 percent of recipients of Social Security Disability.





Sunday, July 10, 2011

Speaker Boehner on the Slammer

As default looms in the horizon, the macabre dance that is the deficit reduction talks has hit a crescendo with President Obama calling the bluff of the Republicans, while Speaker John Boehner and majority leader Eric Canter are at daggers drawn.  Quite recently, Speaker Boehner has indicated that, left to him alone, the nation would not be risking default to protect the wealthiest two percent of Americans. He was obviously alluding to the position of the tea-party caucus of his party personified in majority leader, Eric Canter who believes the interests of wealthy Americans must be protected at all cost, even if that means walking over the carcasses of the poor and the elderly.
When two weeks ago House majority leader and some members of his party abandoned the negotiating talks with the vice president, Senator Joe Biden, he made it clear that he would only negotiate with the president.  This grand standing made political observers sympathetic to the cause of the left nervous for good reason. President Obama has not been a great negotiator, and Eric Canter and the Republican Party would once again arm-twist him to cave in to their desire of solving the nation’s budget and deficit issues on the back of the middleclass, the poor, and the elderly.
If Speaker Boehner had gone to the talks with the President hoping to get him to capitulate, he was the one who left with his tail in-between his legs mesmerized.  President Obama had offered to make significant cuts to the federal government and the social safety nets: Social Security, Medicare, and Medicaid in exchange for a tax hike on the wealthiest Americans totaling $100 billion every year spread over 10. Speaker Boehner and the Republican Party rejected this offer even when it is clear that under the President’s offer, cuts on government spending would have amounted to over $200 billion annually, much more than revenue from sealing of tax loopholes, and unnecessary subsidies in the system. Now all eyes are on President Obama to see whether his newfound negotiating prowess is a fluke or an inherent part of his characteristics he chooses to suppress until now.