Yes, I saw my usual 20 second oLawrence O'Donnell tonight, and I was not disappointed. I got, again, to hear the Obama party line on the "debt ceiling": an Orwellian Big Lie. After all, Obama IS "Liar-in-Chief. Lawrence O'Donnell, of course, is simply a liar--one of Obama's minions, along with the rest of MSNBC. BUT, you may remember, I do NOT give CNN a pass (like O'Reilly does on alternate weeks). CNN presented this very same Obama Big Lie, as if there were any truth to it. See my previious article on that subject.
Back to O'Donnell. He started out with a ridiculously partisan premise that was an outright LIE. He suggested to his guest (some Obama hack) an answer with the questin: "What happens at midnight on the debt ceiling deadline, if it is not extended?"
ARGGGGGGHHHHHH (O'Donnell has the same effect on me as Kudlow--see previous article; sorry).
What happens if we reach "midnight" of the debt ceiling "deadline"? Answer: NOTHING. (other than a possible reaction from the economic fascists on Wall Streeet--which is the only real "danger" here). Nope. O'Donnell desperately tried to give you the idea that failing to raise the debt ceiling is the same as a government "shut down". NOAT TURE. An absolute lie. The government coninues in operation. It can even borrow money . It simply can't add NET debt. Now that will INCONVENIENCE the government, and maybe the country, OVER TIME. That is because nobody is proposing to balance the budget. So more borrowing will eventually have to happen, unless we get serious about "living within our means" (quoting the President, as Liar-in-Chief pretending to desire that).
So the Obama hack guest guest got to "answer" O'Donnell's softball "question". His answer? The SAME one presented on CNN (as if you did not know that CNN and MSNBC are fudamentally the SAME).: "Social Security checks will not go out. Nuts. Hogwash. Orwell lives. The government still has its tax money. It still has its borrowed money. It just won't have its ability to BORROWW MORE. That is not even a bad thing, although I recognize that the people in government are simply unable to quiit cold turkey like that.
Our ongoing borrowing off NETA money is not a large percentage of the money we have--especially over a few months. If we have to "live within our means" for several months, it merely means we will have to PRIORITIZE as to the funds we spend. We will still have funds. We just might have to do what Repubicans FAILED to do, and make some REAL ctus (or at least deferrals). We don't have to stop paying our debt (although we could defer awhile--with credit consequences, but Sandard and Poors has said our DEBT is so large, with no end in sight, that has already put the United States on "credit watch" for a possibl edowngrade anyway).
In short, the debt ceiling is a slow motion problem with NO immediate consequences (outside of Wall Street).
But what did SENATOR OBAMA say (again see a previous article)? Well, and O'Donnell--liar, hypoocrite and political hack--did not make this previous Obama view part of his questions, SENATOR OBAMA (2006) voted AGAINST raising the debt ceiling then, for the very reason that most conservatives want to fight it now. Senator Obama said that the debt ceiling's PURPOSE was to impose fiscal responsibility, so that at least we had to address the problem of fiscal responsibility when we reach the debt ceiling. Simply raising the debt ceiling (extending Obama's reasoning) simply makes it a FARCE. The only way the debt ceiling is not a farce is if we DO SOMETHING to impose fiscal responsibility BEFORE we raise the debt ceiling. I know there are Republican establishment types, and Wll Streeet, who don't want to "rock the boat". That is why those people (establishment Repubicans) are becoming more an d more IRRELEVANT. Yes, Republicans CAN "insist" on REAL moves toward fiscal responibility, just like Obama called for in 2006.
And what happens if Repubicans get their "bluff" called, and Obama refuses to budge? Well, we will have to "live within our means". Military pay wil continue. Social Security checks will continue. Medicare will continue. But we might have to CUT (not just cut the increase) government salaries. We might have to CUT government pensions. We might have to STOP alternative energy subsidies (and oil company subsiddies as well). We might have to CUT farm subsidies (like eliminating them) We might have to CUT ethanol subsidies. We might have to CUT the spedning of EVERY federal agency, including the Pentago. We would have to show URGENCY, as we would suddenly be forced to "live withing our means" (which Obama supposedly wants).
No, it will not happen, althhough I would stand behind SENAtoR OBAMA as a Republican (which I am presently not). If Obama and the Democrats refuse REAL "fiscal discipline" (Obama's words), then Republicans should not FEAR "living within our means""--such FEAR merely showing them up as hypocrites. Ultimately, there will be a raise in the debt ceiling, but Repubicans should FEAR people like me if they get another COSMEATIC attempt at "fiscal discipline".
Yep. A "balanced budget amendment" is a COSMETIC thing, imposing NO "fiscal discipline". Paul Ryan does not even propose balancing the budget for at least 20 years. The "balanced budget amendment" would be just like the "debt ceiling". Congress would not take it seriously, unless it had BIG TEETAH. Repubicans do not want that any more than Democrats do (cynical, aren't I) A "falanced budget amendment" is POLITICAL THEATER. I fell like voting AGAINST any Republican who touts some agreement on a "balanced budget amendment" vote as a fair trade for raising the "debt ceiling". Talk about IRONY You woould have one fictdion being circumvented by another fiction. REAL CUTWS NOW is all I will accept.
What? You think I am just irritated by listening to 20 seconds of both Larry Kudlow and Lawrence O'Donnel in one day? Maybe you are right. If I were a Republican politician, however, I would not count on it. I still remind you I did NOT vote for McCain, even though I fully understood exactly what Obama wa (and I DO NOT mean his alleged birth in Kenya).
P.S. Nope. No proofreading or spell checking. Bad eyesight. True of every article, with or without this P.S., until further notice.
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