July 25, 2011

Debt Ceiling Debate Goes On

President Obama Just gave a speech appealing to the American people on putting pressure on their congressional leaders to find a compromise in Washington to find a debt deal that is fair, balanced, and timely. About two minutes after the President's speech, the rebuttal came from Republican speaker of the house, John Boener. As an American, I think John Boener needs to be fired. This guy is a terrible representative and its repulsive to me that he claims to speak for the "American People." It is very obvious that who he is referring to are the wealthy elite and people who donate to his campaign. My immediate thoughts about Obama's speech was that he is absolutely right. The wealthy need to pay their fair share.

Closing tax loop holes (for companies that ship job overseas or subsidies to oil and gas companies for example) is something Obama campaigned on when running for President, and it needs to be done! Raising revenues at this stage is absolutely necessary and Obama should not back down on this point. I get the sense that in this country, Billionaires and Millionaires don't have the stature that they once held. After billions of dollars of tax payer money went to bail out large banks and insurance companies, there is a reason the United states is so in debt. Having to borrow an additional 700 billion so the wealthy can have their tax cut extension along with paying for two wars that have become the longest in U.S. history, should not come at the expense of people receiving medicare, and social security checks. After all, retirees paid into these funds for most of their lives, now getting that money is suddenly called "entitlements?" These are NOT entitlements, this is money that is owed to them because it was deducted from their paychecks during their working careers! To cut these programs is nothing short of robbery! I'm hoping People in America wake up and realize how they are being played.

Republican Speaker of the House John Boehner's rebuttal would have been appropriate several years ago to denounce invading Iraq, a costly war that has put the country deeper in debt, while enriching private contractors (and shareholders) like Lockheed Martin or Raytheon. Where was the discussions about, "maybe we cant afford this?" Of course they were no where to be found, as John Boehner and his Republican allies heavily voted to invade a country that the U.S. could not pay for. This banking crisis that just passed, had everything to do with lax regulation which was empowered by legislation coming out of Washington that made it possible for loans to be made to just about anybody! Asking the Republicans for their plan to solve this problem reminds me of that old but visual saying, "Its like asking the fox to guard the hen-house!" To decimate the middle class and claim that the way to fix the budget problems is by decimating it even more, is not only irresponsible, its ridiculous. When John talks about "the American People" he is not talking about me. As a matter of fact, he is not talking about anyone I know. So, let me guess who he is talking about....Republican campaign donors.....hmmmm..... We do need cuts in this country, we need to cut the Speaker of the House from his job, and replace him with a more competent leader.

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