What is it with the US congress that they just don't seem to get the seriousness of the debt ceiling crisis and choose to play chicken with the consequences. The men and women are representatives of the people and yet they don't seem to pay much attention to their constituents. What is particularly disappointing is the way the Repbulican party swept into Congress last year with their so-called mandate to govern and all they've done is turned DC into a shambles as they play partisan politics with important issues. None more so than the looming debt ceiling and our government's inability to repay its obligations.
Let's get one thing clear: we are not talking about spending more, we are talking about spending on provisions that have already been approved by this SAME congress. The US governement has already approved expenditures and now is deciding it doesn't want to pay for them. What is the big deal, we raised the debt ceiling 7 times under W! (Is that similar to the person that buys clothing on their credit card, wears it out and then decides they want to return it? The best I could come up with on short notice.)
As the GOP implodes upon itself with poor decision making, falling confidence of the American people and a weak class of 2012 presidential nominee candidates, it's time for real leadership. How pathetic this group is that the president has to get involved and tell them all to "play nicely in the sandbox." Really — the presdident is in far too deep but that happens ONLY because these 435 representatives can't get their shit together. Did I mention that the majority are Repbulicans?
Will somebody please tell House Majority Leader Eric Cantor to shut up and step aside, and to let real men negotiate this matter. And while you're at it, tell Senate Minority Leader Mitch McConnell to shut up as well — it's well documented that the tax cuts have run their course and trickle-down is a short-term fix, not a long-term solution. (Even Regan's former budget director David Stockman has taken shots at his own party and continues to acknowledge that then and now, they had no idea what all the 'trickle down' numbers meant.)
Plain and simple: as the gap between rich and poor grows, consumer spending trends down. It isn't rocket science, see if you can follow me. (I'll go slowly in case Cantor and McConnell are reading.) As the gap between the rich and middle classe grows, and as consumer confidence remains shakey, the demand for goods and services trails off because there is only so much that those at the top continue to spend on. Get it? The people with great wealth — think rock stars, celebrities, industry leaders and politicians — only buy so many goods and services. There are only so many autos, big screen televeisions, homes, groceries, etc., that they buy and then if the rest of the American public isn't confident or isn't of means, they're not buying either, so consumer demand on goods and services trends downward. (Seriously. Take a moment to think about that and it will make total sense.)
So it seems pretty simple to the American majority, even if the House majority can't see it — work with this administration, get your head out of your ass and do something great this week.