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But go ahead and worry about a birth certificate fairy tale

Posted: May 30, 2012

In other words, congressional Republicans are taking the government’s creditworthiness hostage when they threaten not to increase the debt ceiling. Politically advantageous as this may be, it is terrible economics. To understand why, let us consider the economic effects of last year’s debt-ceiling debate. If we know our history, perhaps we will not be doomed to repeat it.

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They are not going to replay that one!?!? - It did not end well for them last time

[ In Reply To ..]
They really looked bad the last time they tried to pull that.

I believe you have it bass ackwards. - oldANDtiredMT

[ In Reply To ..]
Our credit rating was downgraded the LAST TIME because we were not addressing the deficit. Surprise, surprise, the deficit has STILL not been addressed. To automatically increase the debt ceiling (without cutting expenses somewhere else) is an incredibly juvenile and immature thing to do.

What to cut - sm

[ In Reply To ..]
The House Budget Committee is set to meet today on a new GOP plan to stave off further cuts in military spending that are mandated by the Budget Control Act's sequestration trigger. The Pentagon will be required to trim $55 billion from its budget next year and House Republicans think they've figured out a way to prevent that: cut programs for the poor, the AP reports:

The Republicans who control the House are using cuts to food aid, health care and social services like Meals on Wheels to protect the Pentagon from a wave of budget cuts come January. [...]

Fully one-fourth of the House GOP spending cuts come from programs directly benefiting the poor, such as Medicaid, food stamps, the Social Services Block Grant, and a child tax credit claimed by working immigrants.

As CAP's Melissa Boteach, Lawrence Korb and Max Hoffman noted in a report last month, with the cuts they are calling for, House Republicans will be protecting "largely useless" weapons systems, preserving funding for unnecessary programs like the V-22 Osprey, and adding two nuclear submarines to the U.S. military's already "overwhelming preponderance of sea power."

At the same time, the GOP plan would, for example, cut food stamps for 2 million people and reduce the same benefits for 44 million others. Nearly 300,000 school children would lose free school meals and hundreds of thousands could lose their Medicaid or CHIP coverage.

The U.S. Conference of Catholic Bishops last month criticized the GOP's cuts to food stamps, tax credits for immigrant families, and other safety net programs as "unjustified and wrong."

And while the AP notes that the GOP plan "will be dead on arrival" in the Democrat-controlled Senate, "they're likely just a sample of what's in store next year from Republicans if Mitt Romney wins the White House and the GOP takes back the Senate."

Poor people get in the way of new nucular subs - Wheres the patriotism?

[ In Reply To ..]
The poor and elderly should be glad to give up their last meal for another drone or 2.

Or maybe they could move to a country that - sm

[ In Reply To ..]
cares about the average guy and puts its citizenship ahead of war and war equipment.

I bet the cost of living in a beautiful place like Belize (just one example) is much cheaper than it is in the United States. I'm on Social Security disability, and even though I worked for over 40 years before I became ill, I believe there are places in this world (Germany comes to mind) where universal healthcare is offered to their citizens.

As far as the poor and elderly being glad to give up their last meal, THOSE are the people who don't fit in the "survival of the fittest" mindset that many citizens and politicians alike believe is how we should run our country. We're starting to feel like a third-world country. Wouldn't it be ironic if a country that cares about PEOPLE would invade, occupy and attack our country due to the number of poor people and the widest gap between rich and poor and how half of our politicians couldn't care less about them.

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