Ok, ok, ok, ok, ok, even the Republicans, Boehner himself, have acknowledged the catastrophic nature of our nation’s defaulting on its obligations. Yet, lawmakers are trying to leverage our need to raise the debt ceiling to exact political points.
Yes, lawmakers think they can play brinksmanship with our future. The mere fact that our politicians would keep the world — and us — in suspense until August will erode our creditworthiness abroad and the global confidence in our economy. We think of us as a society where our word is our bond. Well, look in the mirror. It isn’t pretty.
Imagine how you would view a country so divided in their “parliament” that one side is willing to risk ruin to have its way — slash and burn tactics. So, just because we are the United States of America, you think we can mess with this stuff, without ramifications? If you do, you are arrogant AND crazy.
Am I good with so much debt? No way. I pay my credit cards on time. I can afford my mortgage and could pay it off tomorrow. I believe that a person, a family, a country must live within its means. If we need to spend more, then someone needs a second (part-time) job. We didn’t do that and fought two wars and gave tax cuts to people like me who never asked for one, didn’t need one and didn’t want one. So, now we have to live with the consequences. And I am willing to pay more in taxes to clean up George Bush’s and Trent Lott’s and Bill Frist’s nightmare.
It is important to note that the GOP — under whose governance drove us into this debt hole — is the party that is playing it to the bone. Not because they are arrogant; but because they are hypocrites. And the hypocrisy is so galling that it makes me want to go to the Congress and shout: “WORRY ABOUT US AND NOT YOUR POLL NUMBERS, YOUR JOBS AND YOUR POWER!!!!!!! FIX IT NOW.” If there is a report of a middle-aged lunatic screaming in the House of Representatives, you’ll know that I may be off-line for a while, in federal custody.
I think we have to raise the debt ceiling, not only because the credit of our great nation is at stake, but because it makes sense. And, although I am an unabashed and unapologetic liberal, I am conservative in my investments and my rationale for raising the debt ceiling is, to my mind, steeped in the rudiments of getting out of debt and on a sustainable course.
It is, perhaps, counter-intuitive that a shirt-maker in bankruptcy should be allowed to borrow MORE in order to pay workers to stitch together the pieces of cloth so that they become shirts. Scraps of cloth are worthless; however, a completed shirt sells for something. That differential is presumably more than the amount borrowed. The net effect is that there is a meaningful exit from bankruptcy where the assets of the company are maximized to pay off debts and re-emerge on sounder footing.
We have many fights ahead about just how we re-emerge from this mess a stronger nation, indivisible, with liberty, FAIRNESS and justice for all. Let’s give ourselves some breathing room, for our sakes and the future of our country.
You may disagree with me on principle (IFOB (Italian friend of blogger) and JR (old friend from Camp Wingate/Camp Kirkland): go at me) but you can’t disagree with the necessity and exigencies of the circumstances — with a no-win choice, you must choose to raise the roof.