Debt Ceiling. Democrats? Let’s cut spending, military, tax breaks for corporate jets & hedge-fund managers, cut aid to poor & unlucky. Republicans?

Via elephant journal
on Jul 1, 2011
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Republicans? Let’s sit on our hands.

A Showdown in Washington over the role of government and the future course of our nation.

President Obama’s speech was feisty, pointed, humorous, thoughtful, knowledgable…and “emotional.”

It’s a showdown. As Obama says, all sides but one (military, Democrats have agreed to cuts) have offered up their sacred cows. But Republicans, though they got us here ($4 trillion in debt is thanks to President Bush), are using the debt ceiling, and it’s catastrophic violation in August, to hold Obama hostage, and push their ideological agenda.

Will it backfire? Hell yes. If…

…we pay attention:

Here’s the full speech (I watched, and enjoyed, all of it this morn. Only 16,000 others have watched any part of it, which in a democracy ought to be embarrassing):


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3 Responses to “Debt Ceiling. Democrats? Let’s cut spending, military, tax breaks for corporate jets & hedge-fund managers, cut aid to poor & unlucky. Republicans?”

  1. Oldskewl8 says:

    Finally, a post that states the obvious. That the GOP is an obstructionist and extreme branch of christian lunacy is beside the point. We have a revenue problem.

  2. Eric says:

    It is so frustrating. Everyone takes a side, then looks at an issue.

    It seems quite obvious to me. Get out of all foreign wars right away. Get rid of tax cuts to corporations. Lower taxes on individuals. It's okay if the corporations cannot exist in such an environment. Local businesses will be create to fill any gap their failure creates.

    Most people just want a simple life with a decent standard of living. Not everyone wants to be a gagillionaire.

  3. BFC says:

    I find it amazing how anyone can actually defend Obama and his policies. They are virtually identical to Bush and the Republicans. Both parties are and the individuals within them are responsible for this situation. I find it rather ridiculous you can actually defend Obama as he is currently bombing 6 countries has essentially Goldman Sachs alumni in his cabinet, and is one of the involved with some of the most destructive globalists on the Planet. Very disapointed in this post. It just leads people down the same old trap. There is virtually nothing in either the modern democratic or republican leadership that embodies any true leadership, awareness, or compassion. Obama, minus the PR from madison Ave, will go down with Grant, W. Bush, and Pierce as the worst Presidents of all time