Saturday, April 30, 2011

GOP Ponders Holding 'Debt Limit' Hostage Every Sixty Days,

GOP Ponders Holding 'Debt Limit' Hostage Every Sixty Days, Not Just Once | Common Dreams

Holding the American people hostage, just because they can. Extortion? Political terrorism? Refusal to enter into debate? Refusal to compromise? Radicalism?

Yes, Yes, Yes, Yes, and Yes.

“It is the only leverage that we have over a Senate and a president that is seemingly unconcerned about the over-spending,” said freshman Rep. Tim Huelskamp (R-Kan.), who said he would not support any bill that allows borrowing past Sept. 30, the end of the fiscal year. “I would support a much shorter time-frame.”
This view is gaining ground in the Republican caucus. It is profoundly ignorant. It is profoundly lazy in a political sense. It implies a complete refusal to engage with any compromise out of the question. If this truly is the last resort of a repressed minority, as these folks are telling us it is, what is the true role of the Republican Party after all? More importantly, what is the role of the majority? Call their bluff? Does anyone here understand the risk involved? If Republicans are hell-bent on blowing up the financial integrity of the government of the United States for whatever reason, isn't that treason? For this to work, they have to convince us that they really would pull the trigger. Will their wealthy constituents let them do it?

It's profound ignorance of how the economy works, or it's a very, very, high stakes poker game with our life as a nation at stake, or it's simple extortion. If they truly are serious, they must be absolutely sure that someone has their back. It is the government, after all, and the largess provided by the very taxes they vilify that is the major source of their vast wealth. The treasury of the US government is the insurance policy for the wealthy bankers of Wall Street. Would these guys give THAT up to these anti-tax radicals?

Radicalism never works. It can only crash and burn. The radicals in Congress are hell bent, and determined to take us all with them.

More work to do.

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