Archive for July, 2011


America’s Economic Suicide Bombers

Posted on: July 28th, 2011 by Kyle. | No Comments

The metaphor that Republicans are hostage takers has been used by several writers regarding the debt ceiling debacle that has brought the nation’s economy to its knees. The analogy is an incorrect one for a simple reason: hostage takers are supposed to let go of the hostage after their demands are met. President Obama and Democrats in Congress have already agreed to massive cuts as part of a deal to raise the debt ceiling, despite the unprecedented demands that Republicans have made, yet the hostage has not been released.

The more accurate comparison would be to a suicide bomber: someone that is willing to injure innocent parties, as well as themselves, for ideological purposes. The Tea Party has no intention of negotiating a deal with President Obama. They just want to bring President Obama down, along with the federal government in the process. The country has taken a backseat to their political agenda. They have proven to not only be radical, but living in an imaginary and dangerous world. Everyone else is left to pick up the pieces.

Perhaps the most high profile of the Tea Party members in Congress, Michele Bachmann, leads in many polls among GOP primary voters. She has said that she will not vote for a debt ceiling increase under any circumstance. “I will not be casting my vote for that bill. … I cannot. I am committed to not raising the debt ceiling,” Bachmann said, referring to Republican Speaker of the House John Boehner’s bill. Even worse, Bachmann has repeatedly denied that a failure to raise the debt ceiling would lead to a government default and economic calamity.

Right now Republicans are living in an alternate universe where they believe that their failed policies of the past decade will somehow lead us out of the mess that we are currently in. This self-inflicted wound on the economy will be even more difficult to get out of than the housing bubble that was precipitated by Republican deregulation. Just a little over six months after voters gave Republicans a second chance in the face of high unemployment, they are about to send the economy diving yet again. Theirs jobs mantra during the 2010 election was a hollow and deceptive ploy to regain power from a country that was desperate for economic recovery.

Republicans in Congress have gone where even the most brazen politicians have never gone before. Unless they get their way with trillions of dollars worth of cuts, a refusal to raise taxes on millionaires, and the dismantling of Medicare, they are prepared to send the country’s economy over a cliff. Their demands include a Constitutional amendment that would require government spending to be capped at 18% of GDP and a balanced budget. In essence, their position is a stealth attempt at dismantling Medicare and Social Security. Where they could not succeed with Paul Ryan’s budget, they are attempting to succeed by strapping a bomb to their chest and threatening to blow up the economy if they don’t get their way.

The way to defuse an explosive situation such as this is by having a defection within their ranks. John Boehner and whatever reasonable Republicans that are left should immediately cut the Tea Party wing loose and break a deal with Democrats. President Obama has been frustratingly willing to compromise Democratic principles in his efforts to win a deal with Boehner and nothing has come to fruition despite giving away the bank. It’s time for the Speaker to realize the monster that he has created and put it to rest. The Tea Party will not just be the end of the Republican Party, but the end of America’s economy.


Who’s Actually to Blame for America’s Debt?

Posted on: July 27th, 2011 by Kyle. | No Comments

Have you heard ads on TV blaming the country’s deficits on President Obama? You likely have if you’ve watched cable news in the past couple weeks. They are being blanketed nationwide in a $20 million effort by a conservative group known as Crossroads GPS. Working behind the scenes is Karl Rove, the former political mastermind for President Bush’s successful 2000 and 2004 campaigns. The organization is backed by corporate donations to undermine President Obama and Democratic candidates.

The latest ad specifically claims that “America’s economy is hanging by a thread” thanks to “reckless spending, a failed stimulus and a $14 trillion debt.” The ad goes on to say that it is time to stop giving President Obama a blank check. The message of the ad is clear: Obama is the reason that we have a beleaguered economy, a large (and rising) national debt, etc.

The only problem, of course, is that it is not true. President Bush and Republicans in Congress racked up $5.07 trillion of debt from tax cuts for the rich, wars, a Wall Street bailout, Medicare prescription drug bill, and other spending. During the eight years of George W. Bush’s presidency, the federal budget increased by an average of 3.81% per year.

The nation’s debt is not a product of President Obama. The 2010 budget passed by a Democratic Congress and signed by President Obama was an increase of only 1.4%. Emergency measures that he did take were only temporary. When he entered office the nation was losing nearly a million jobs a week and he took action by passing the Recovery Act, which created as many as 3.6 million jobs. This is his largest contributor to the debt to date.

The healthcare reform bill that passed in 2010 was paid for, despite repeated lies by Republicans that it added to the deficit. The nonpartisan Congressional Budget Office has estimated that the “Affordable Care Act”, which Republicans love to call “Obamacare”, will reduce the deficit by $1.3 trillion over the course of the next two decades. Again, that is a reduced deficit thanks to the actions of our president and a Democratic Congress.

Republicans might not like the numbers, but they don’t lie. The bulk of our country’s debt problems lie on the shoulders of George W. Bush and a Republican Congress that went on a spending spree at the same time that they unloaded the Treasury Department with tax cuts for the wealthy. Now they hold our economy hostage, claiming that President Obama is spending too much money, when they themselves are the main reason that we have a deficit problem.


An Open Letter to Indiana’s Senators

Posted on: July 25th, 2011 by Kyle. | No Comments

Senators Lugar and Coats,

As a resident of Indiana, I must say that I am deeply disappointed with the way the Republican Party has conducted itself during the debt negotiations. Hardworking Hoosiers are being asked to sacrifice trillions of dollars worth of cuts from the federal budget, yet Republicans cannot ask the wealthiest to spare an extra dime. If the problem of deficit reduction is as urgent as some far-right Republicans claim it to be, then it should be the patriotic duty of these Americans to pay their fair share in taxes.

Shared sacrifice is an American value. It is unseemly to have a hedge fund manager pay a lower rate in taxes than a single mom that can barely make it by on two jobs. To only ask middle class and poor Americans to take the hit is absolutely unacceptable. Challenge the radicals in the Republican Party who are unyielding in their support of the wealthy. Please show some leadership by passing a debt ceiling bill that does not only target the middle class for budget cuts, but also requires top income earners to sacrifice a little as well. It’s the American thing to do.

Kind regards,
Kyle Bell