Kicking
and Screaming
 Imagine
you have a child, in this case a girl. As she gets
older her body will grow as any normal child's would.
One
of the things she will need on a regular basis are
new shoes to fit her growing tootsies.
Any good parent would simply buy
bigger shoes, one pair after the other. A bad
parent
would instead
whittle her feet down, perhaps sawing off the toes,
sanding off the heels, so that they'll fit her old
shoes until the parents deem it time
to
buy
some new
ones.
This is, of course, only a ghastly metaphor for the
GOP's threat to not increase the debt ceiling.
If they don't agree
to pay the bills that have already been incurred then
companies that do business with the government will
suffer, possibly fail, and toes will have to be whittled.
This will have a deleterious effect worldwide as it
will
effect
the
U.S. credit
rating. If investors finally decide the U.S. is a
risky investment then interest rates will soar and
the problem will exacerbate
itself.
Say "Hello" to Worldwide Economic Downturn
II.
The debt continues to grow
not because President Obama is giving free health care
to Kenyan Marxist immigrants but because the Bush
Tax cuts don't tax the wealthy enough, and so many
people
lost
good
jobs due to the
2008 economic downturn that billions more in taxes
were lost.
The debt ceiling was raised 18 times for Ronald
Reagan, seven times for George Bush (only four times
for Bill Clinton).
It can be raised again and the only one's who'll care
are
the
bankers
who are currently flopping around like Scrooge McDuck
in the huge, $220 billion-dollar piles of interest
they extort from you and me.
=Lefty=
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