Thursday, July 28, 2011

Bizarro World


Are we in bizarro world?

1.  John Boehner wanted to propose a bill today to increase the debt limit for a few months, create a commission to review additional cuts, and cut the budget by 900 billion.
He knows whatever passes the House, will be voted down by the Senate.  No question.
His party, the Republicans, are in control of the House of Representatives.
He can't get the Republican votes to pass the bill. 
The Tea Party, among others, are voting NO on the bill, no matter what.  They do NOT want the debt limit to increase.
The vote has been delayed until tomorrow again.

2.  I watched some Fox News (Greta Van Sustern) and it seems the Republican talking point right now is that the President is showing no leadership at this point. 
That seems odd since the President has been in the middle of negotiations the whole time.
Who is he supposed to show leadership over?  The Republicans?  'Cause they're the ones who can't be herded right now (unusual in itself - Republicans are usually in lockstep).
If the Tea Party hadn't bullied the more reasonable Republicans in the House, they'd have gotten a pretty good deal with the Obama-Boehner negotiated plan. 

3.  The Tea Party people don't want the debt limit to be increased under any circumstances.  They don't believe the country will go into default and they don't think a default will destry the country's fragile economy.

4.  One of the rating company's that could downgrade the US is Moody's.  Why should we listen to them anyway because they're the ones who sanctioned all those derivatives and credit default swaps and questionable practices of investment houses on Wall Street that contributed to the economic collapse of a couple years ago?  Hasn't it been proven that their opinion is worth nothing.  (Although I definitely thought of that on my own [ego], Greta Van Sustern mentioned it as well)

5.  For an example of the world as the Republicans and Tea Partiers want it - see the FAA.  The Congress could not come up with a plan that could keep the FAA running, so it's been partially shut down.  One of the areas that has been furloughed is the section that receives tax revenue from the airlines.  Since the US Government can't collect it, the airlines are not required to send the tax.  Did the airlines pass the savings on to the consumer?  No.  They increased their fares so the total ticket price stays the same.  Instead of paying the government, the ticket holders are paying it to the airline.  I think we should stop pretending that giving money to corporations and rich people will trickle down to the regular folk.  It doesn't.

6.  The President has given up on extending the Bush Tax Cuts, he's given up on tax revenues to balance the sacrifice, and he's increased the amount of spending cuts.  In fact, in his address on Monday, when he began to describe the plan, it was hard to know if he was describing a Republican or Democratic plan. 

7.  I find it strange that the Republicans are saying that the President is the one who has brought us to this place.  And, that's the supposed 'reasonable' Republicans - the ones who expect the work in government is an exercise in compromise.  Even they are saying the President brought this upon us himself.  But, that's not what happened.  The regular debt limit increase came up for a vote just like it always has.  The administration sent it to the House the same way it always is.  It was the Republicans who voted no - or at least said they wouldn't vote for it without all these other things attached to it.  So, factually speaking - it really was the Republicans in the House that put this ball in motion.  Why are they getting away with saying the President started it?

It's all part of Bizarro world.


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