How to Cost American Taxpayers an Extra $100 Billion Per Year
Republicans — still pretending to be the party of “fiscal integrity” and “personal responsibility” — are just about to cost American taxpayers an additional $100 billion dollars per year. This is what will happen if America’s credit rating gets downgraded from its current AAA rating.
This downgrade has nothing to do with next week’s possible debt default. America’s credit rating could be downgraded any day now — any minute — because of the GOP’s constant stalling, one-upmanship and hostage-taking over the debt crisis.
This downgrade would wipe out the benefits of any possible deficit reduction plans that have been proposed so far. There would be a “permanent increase in borrowing costs,” which would jeopardize whatever degree of “recovery” we’re experiencing now. There could even be another recession.
Fuck You Very Much Republicans.
And President Obama: Hurry the fuck up and invoke the Fourteenth Amendment and do what you have to do. Raise the debt ceiling. Unilaterally. Now. If the United States defaults and/or gets downgraded, it will have happened on YOUR watch.
Step up to the plate.
Labels: America credit downgrade, America credit rating AAA, credit downgrade $100 billion, Fourteenth Amendment debt ceiling
posted by Tom Harper @ 4:29 PM
7 Comments:
Even if he does evoke the 14th Amendment it will get overturned 5-4 guaranteed. You know that Tom!
And I am really tired of Conservative Supreme Courts fucking with the 14th Amendment
Erik
Maybe it'd get overturned. Anthony Kennedy is a wildcard, and Wall Street may prevail on him, or one of his right-wing buddies, to "do the right thing" by them.
Gee, this is no fun. If a $100 billion is gonna get wasted, I sure as hell want it wasted on cluster bombs creating another generation of limbless children out of sight, out of mind after this sentence is done.
Damn politicians.
Why do you blame the Republicans? It is my understanding that there are 457 people in DC who are all more concerned with self preservation than keeping spending within reasonable limits. It is ALL of them pulling the wool over the eyes of the nation. Getting us to believe it is "the other guy". Please think about that. Finger pointing and blaming the other party is what ALL of them do. "It's not my fault". "He started it" Like a bunch of two year olds and the public is falling for it. How sad!
Yeah these Weimar Republicans would write a balanced budget amendment into the Constitution and they can't even follow and abide the 14th Amendment. All they really want is a Putsch!
Erik: If the courts overturn it, it would be after the fact. I don't think the debt ceiling could be "un-raised" retroactively. That's my guess anyway.
JR: From what I understand, Wall Street and the U.S. Chamber of Commerce all want the debt ceiling raised.
Randal: I love the smell of limbless children in the morning.
Anonymous: I agree that both sides are self-serving and at fault. But I blame Republicans more than Democrats since they've spent 2-1/2 years trying to sabotage and derail everything Obama does. But all of these self-absorbed politicians, from both sides, need to grow the fuck up and start doing what we're paying them to do.
Vigilante: That's exactly what they want. (I had to Google the word.)
They will kowtow to the money funding them at the last second and hope it turns into re election, using the familiar, "we tried as best we could but we just didn't have the votes for it" routine.
The world is all upside down today with this debt ceiling mess. Old man Mccranky pants just gave the conservatives what for on the floor of the senate. I swear the republican party is showing shock over what they themselves have brought forth. Idiots deserve the drubbing they are taking from all comers right now.
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