Posted by AzBlueMeanie:
Where do we go from here now that the tax portion of the so-called "fiscal cliff" austerity crisis is over? As I posted yesterday:
Tea-Publican economic terrorists will take this country hostage again over the federal debt ceiling, promising to destroy the economy and America's solvency if America does not acceed to their extortionary terrorist demands. John McCain: GOP Will Destroy America’s Solvency Unless Entitlements Are Cut Drastically, and John McCain's puppet boy, Little Lindsay Graham: I Will Destroy America's Solvency Unless The Social Security Retirement Age Is Raised.
Paul Krugman warns, The Hostage Drama Begins:
The debt ceiling is a much bigger and more dangerous issue, and it looks very much as if Republicans are set to destroy the full faith and credit of the United States if they can’t get their way.
The key thing to remember — and what the GOP hopes you won’t understand — is that raising the debt ceiling only empowers the president to spend money that he’s authorized to spend by Congressional legislation; nothing more. Conversely, a party that refuses to raise the debt limit is saying that it’s prepared to inflict vast damage on America in order to achieve things that it couldn’t achieve through actual legislation — in effect, that it’s prepared to use vandalism to subvert the constitutional process.
Still, that’s where they’re going.
Happy New Year!
Reminder: “I think some of our members may have thought the default issue was a hostage you might take a chance at shooting. Most of us didn't think that. What we did learn is this -- it's a hostage that's worth ransoming.” (Mitch McConnell, August 3, 2011)