The Good, the Bad and the Ugly: The U.S. Debt Crisis Showdown
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Like the showdown in Clint Eastwood's classic film, The Good, the Bad and the Ugly, the TEA Party, wearing the black hat, has called out and drawn down on the Good Guy in the white hat, the United States of America.
But, due to ideological visual impairment, the TEA Party honestly can’t see the United States. They can only see their ideological enemy, Barack Hussein Obama II, who they all know is poised to ruin the country and must be stopped at all costs.
The TEA Party began their crusade with a misinformed understanding, well, actually, a lack of understanding, of the dire consequences that could/would/most likely will, befall the country if the debt ceiling is not raised to allow the country to honor its obligations, causing the United States to go into default on the debt that is owed.
As President Obama stated a few days ago, raising the debt ceiling is necessary in order to pay for services, goods, etc. that have already been received by or rendered to the United States.
Let’s look at this situation another way. Let’s say a party of twenty had gone out to dinner. Everyone ordered their meal. A few ordered dessert and coffee. Still others ordered a few rounds of drinks.
At the time everyone decided to go to dinner, each of the twenty chipped in 20.00 to pay for the meal. When the check arrived, the bill, which had been guesstimated would be 400.00, was in reality 550.00. So, that means an additional 150.00 is required to pay the bill, which comes out to an additional 7.50 each for the twenty diners. This is assuming this crowd won’t go down the ‘All I had was a salad and an iced tea!’ road, which then complicates this example!
The reason for the example was to illustrate that, in the case of the diners, they have already consumed their meals, the bill has already been calculated and like the current debt owed by the U.S., the bill needs to be paid. In order to meet the current debt owed by the U.S., with things like the costs of the wars etc. going over in cost, the debt ceiling needs to be raised.
I’ve listened to the TEA Party spout rhetoric about bringing down the debt while tying the need to tame future accrued debt to the current need to raise the debt ceiling and it seems some believe that the amount owed for services rendered or goods received can be negotiated away.
One TEA Party member of the House of Representatives, Paul Broun of Athens, Georgia, with the support of other Republican TEA Party cosponsors, Jeff Duncan and Mick Mulvaney, both from South Carolina and Joe Walsh of Illinois, introduced a bill that would LOWER the debt ceiling, which, since the debt has already been created, is a bizarre submission to add to the discussion on solving the current debt ceiling crisis.
Political experts blamed the impasse on inexperienced tea party congressmen elected in 2010 who fear that their supporters will turn on them if they vote to raise taxes -- even as part of a package with large spending cuts -- or don't hold the line on the debt.
Mr. Broun isn’t sure if President Obama is a citizen or not but he is sure he is a socialist. He also knows that there are government plans afoot to force Americans to eat more fruits and vegetables.
For weeks, polling has indicated that the public wants a balance of spending cuts and tax revenues as part of any deal to address the debt and deficit problem. The polls also indicate Americans see the Republican Party as the larger obstacle to any form of compromise.
As negotiations for solving the looming debt crisis have dragged on as the nation draws nearer to an unknowable yet decidedly calamitous outcome, it has been freshmen TEA Party adherents in both the House and the Senate who have paid little attention ....
.... to the public at large and more to the views of the tea party activists who helped propel them to power in the fall. They could pay a steep price for that if the public concludes they were responsible for putting the government in default or further damaging the economy.
Take names. Remember them. The behavior of certain Republicans who call themselves Tea Party conservatives makes them the most destructive posse of misguided “patriots” we’ve seen in recent memory.
If the nation defaults on its financial obligations, the blame belongs to the Tea Party Republicans who fragged their own leader, John Boehner....
As Republican Party Speaker of the House of Representatives John Boehner, the man third in line to the U.S. presidency, ....
.... battled to quell unrest among conservatives before a major vote, one of his most prominent members, presidential candidate Rep. Michele Bachmann, openly revolted.
Bachmann, a Minnesota Republican running for president with "tea party" support, bucked her party leader in a speech at the National Press Club, only miles from Capitol Hill.
Michele Bachmann is the chairperson of the TEA Party Caucus in the United States' House of Representatives. There are no members of the Democratic Party in the TEA Party Caucus.
The United States of America, at this moment tonight, teetering on the verge of defaulting on its obligations for the first time ever in the history of the United States, has been maneuvered into this position by the Republican Party, which has chosen to placate the Right Wing ideologues of their party, those who have come to be known as the TEA Party.
‘Do, do, do, do, do … wa, wa, wa … Do, do, do, do, do, … wa, wa, wa …’
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Philadelphia, Pennsylvania, United States