Community | July 18, 2011 | 53 comments

The National Debt, A Phony Crisis ! ! !

Image
"Using trumped up crisis to raid the public purse"

"This is naked class war, waged by the ultra rich against everyone else."

"The phony debt ceiling crisis is one more excuse to further shred the social safety net and deepen wealth concentration at the top."

"Naomi Klein pulls no punches in her comments about the debt ceiling charade happening in Washington", as cited at RootsAction

www.RootsAction.org/limit

Hit the link and sign the protest if you want !
  1. groups:
    Community,   Progressives United,   The Reform Revolution,   Question of the Day???
  2. tags:
    Crisis Public Debt Ceiling national debt 4 more
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53 comments // The National Debt, A Phony Crisis ! ! !

  • Fishinflick
    • 0
      Fishinflick  
    • Image
    • Thank you for posting this, I was wondering when we'd really jump into the deep dark murky stuff and reveal the vision of hell the country has planned for us.

      First of all understand that the choreography of politics makes this all possible. We do not really have a demographic shift to the right amongst the population, we have it in gov't and it's BY DESIGN. That is why you see such a disparity in the polls between public opinion and the political agendas of both parties. To preserve the appearance of concern for main street and move the country toward privatization and bank ownership, the T-party pushes issues to the extreme right enabling the Democrats to meet them far right of center where it's possible to easily do the bidding of the banks and still look good. If that's too dark for you I'm sorry, you need to look a little (not a lot) deeper.

      Required reading:
      http://ampedstatus.org/obama-is-a-bankster-puppet-who-brought-on-the-depression-...

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
  • Fishinflick
    • 0
      Fishinflick  
    • COMMONSENSEFORCOMMONGOOD_COM:

      Even if you see no conclusive legitimacy of collusion between both parties and the banks, that's cool, the issues ARE more important to all of us, who it affects more than them - the politicians, bankters & 1%ers. To cover both our points of view we hopefully agree that putting the issues out front as populist issues - like the way Civil Rights, Women's Rights and the Vietnam War protests were handled, so they are not co-opted for political gain and unnecessarily compromised for whatever reason we choose to believe makes that happen.

      I'm not sure what you mean by reshaping the issues on the FAR LEFT unless you mean presenting them as common sense, common man, for the common good issues - which can be distilled for starters into one - the banksters and those who enable them vs. the rest of the world; the simplest distillation being "Class War", as Naomi Klein put it today. I really don't see society as divided as the media and government image it. I think WI proves that point, and at the moment polls reflect an underlying understanding of unfair advantage and unfair sacrifice across the spectrum of society.

      I am reluctantly willing to simply focus, identify and target the enemy itself, and leave out the enablers in government who would be swept aside anyway, if it helps unify a populist uprising too big to fail. But I am not willing to simply allow the issues to be captured by the politics of image; we need to ensure we get politics of action.

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
    • 0
      COMMONSENSEFORCOMMONGOOD_COM  
    • Fishinflick:

      Ditto ff! I feel u & I'm right beside u. by reshaping the issues I mean what was pointed our when reps were crying about this being a welfare state and the peep pointed out that it is the corporations that have been on welfare, and when they say we have a spending problem in Washington, meaning too much spending on the public, the peep point out that the problem with spending in Washington is that our money is being spent on the war machine to enrich a few people without benefitting the country, and if we stop pissing our money away like that, we would have plenty of money for public services...

    • 10 months ago
  • alexandrek
  • bailey78
  • alexandrek
  • bailey78
  • southrabbit
  • COMMONSENSEFORCOMMONGOOD_COM
  • bailey78
  • percipi224
    • +1
      percipi224  
    • thank you I feel better, I tried to email lamborn but he doesn't have one unless you sign up for his newsletter. I don't want to hear what he has to say, he should be listening to me and my neighbors.

    • 10 months ago
  • keithponder
  • figgdimension
  • GRC54
    • +2
      GRC54  
    • The sad part a bout it is that we the common people will never be heard as our voices will be drowned out.
      I would have screamed out loud about this but the stupid people who think the repukes are their friends and that the rich will trickle down their money for them to work are the big dreamers, day dreamers that is.
      As far as I'm concerned unless you are running for office, jackasses like Turd Blossom, Armey, the Koch brothers and all those other fools should keep silent and let the people decide. Fixed Noise should be castrated to the point that the only news they show is from the 30's and 40's so their audience can see what happened back then to remember as their memories are short.

    • 10 months ago
  • percipi224
    • 0
      percipi224  
    • GRC54:

      I watched Capitalism A Love Story yesterday. And I want to do a Michael Moore style move, by finding the richest person in my county, state whatever and dress up and go present a business plan in a slide show on the side of their house, or on cardboard or something, trickle on me!!!

    • 10 months ago
  • Dusty_King
    • +1
      Dusty_King  
    • Obama let this go to far with the Teathuglicans. This was about the debt ceiling and he should have kept on the debt ceiling and taken it to the people and we would have backed him. Instead he let the Yertle the Turtle start burping out noises and this "crisis" has occurred.

      This Administration is horrible at controlling the message.

    • 10 months ago
  • JustZ
  • PressCore
    • +1
      PressCore  
    • Dusty_King:

      http://USA.co

      By now, people who don't walk on treadmills realize Nobama can only talk
      the talk, and never walk the walk. He's the classic " weak sister " excuse
      for the male immage in ANY executive capacity. On the up side that makes
      him a usable puppet for the status quo. But the only change he'll ask for
      too much resembles a corner panhandler's pitch. Because it's only designed
      to enrich him. Too many parts of the USA are on the event horizon of yet
      another Great Depression, which will be far more devestating than the one
      lasting from 1929-1939. That Great Depression was the one even FDR who
      did take decisive executive action couldn't end, sans the social safety nets
      that arose out of it, even with the Work Projects Administration, the Civilian
      Conservation Core my dad worked for, et al. Then, many new projects like
      reservoirs in Colorado, the Hoover dam, and the interstate highway system
      were needed and implemented to put people to work. But the infrastrucure
      of the USA has been crumbling for over 30 years when Reagan took office
      due to extreme negligence. His stimulus was supposed to repair the bridges
      and parallel FDR's exercises. But that was a day late and a dollar short too.

      No green jobs promised ever materialized. Nobama ran on change then
      proposed to give " the Fed " yet more power to ruin the USA. When Nobama
      counted on a mindless puppet like Bernanke to know which end is up, the
      mirror immage of Nobama and his foreign & domestic puppetmasters became
      all too clear. I grew up in the 1950s, and 1960s, and marched against the
      Vietnam War, so obviously I'm a radical, who's been Felony Libeled as a
      " terrorist " by the ABC TV media hatchet man Racketeeer for the the Flunkie
      Bureau of Idiots, Dan Cummings. Despite my non criminal record, and my
      lifelong history of Bhuddist non violence ( my ancestors were Pennsylvania
      Quakers ), they still target me for their lawless oppression, as I tell it like it is.

      That comes with the territory occupied by the upright with a spine because
      they'll always be regarded as leaders of people, and not one of the sheeple.
      As George Orwell once said: " The truth is always the first casualty of war.
      In any society where deceit is so pervasive the mere act of speaking the
      truth will always be considered Revolution." Be that as it may. Long live the
      American Revolution. Tories, not the Patriots are still in control through the Rothschilds' London Banking Houses they've owned for 300 years, who also
      own " the Fed ". I don't owe any debts. And never will owe any debts any I
      can't cover. I'll always have the last laugh on the Banksters. Every student
      of History knows Charles Dicken's novel " A Christmas Carrol ".Scrooge aka
      Ebineezer the Geezer said: " Are there no poorhouses, no debtor's prison's
      for the miserable lot to dwell in ? Then I suggest they simply die to decrease
      the surplus population " That's more prophetic than most people realize. In
      the entire world History, the population averaged 1-2 Billion. Since the advent
      of Big Oil in 1859, petrochemical fertilizers, diesel tractors on Corporate farms
      have enabled 1 to feed 1000. The result is that 5 Billion more people now
      live on the edge of starvation than this earth than the earth can sustain. Add
      to that the drought shriveling them too...The USA is still part of this world. By
      2100, the USA will resemble something out of a sysnthesis of Total Recall 2070
      and Judge Dredd. Because with the kind of corrupt staged farce in Washington,
      it's obvious they don't have a clue, much less a handle on how to end the debt.
      They benefit too much from it because of the corruption the Banksters' promote.

    • 10 months ago
  • lazloman
    • +1
      lazloman  
    • Its the best opportunity they've had in years and will likely be the last chance until the next economic crisis. Rethuglicans have never liked the social safety net and they will take every opportunity to gut it. The idea that there is no revenue problem is a joke and only a fool would believe it. You can make the spending argument no matter the expense/revenue situation. If you hate government and government is in debt 1 dollar, you could still say government should cut spending. I hope he holds out and gets just the ceiling raised. This way he can make the social safety net part of the campaign. Even while suppressing the vote, the rethiuglicans will still have a problem.

    • 10 months ago
  • JustZ
    • +1
      JustZ  
    • lazloman:

      But the harsh reality is that the majority of folks who aren't rich, continue to identify and align themselves as "Republicans" even though rethug management literally do nothing but screw this 'base'.

      Talk about brainwashing. How many good ole boy white folks do we all know who don't have a pot to piss in but they'll take any opportunity they can to stand up on a soap box and rant about how these same Rethuglicans truly have their best interest at heart!

      Talk about stupid is as stupid does.

    • 10 months ago
  • lazloman
    • 0
      lazloman  
    • JustZ:

      They do a few things to get them: They create a "them". A lot of these folks probably think that someone else will be more affected, "them". They also use wedge issues: Abortion, gay rights, civil rights, etc. Think about it, just how many anti-abortion, homophobic, racists are Democrats? How many are rethuglicans?

    • 10 months ago
  • Paratus
    • -7
      Paratus  
    • The real enemy of all the people, rich or poor, is the inflation we have created under the Federal Reserve System and the rampant printing of money. We need to put a halt to the spending.

    • 10 months ago
  • mitekillem
    • +3
      mitekillem  
    • Paratus:

      Inflation is meaningless since leaving the gold standard.
      The only people that inflation matters to, is people who have a restricted income.
      Meaning 94% of the population. -The non-rich.

    • 10 months ago
  • SandyBerman
  • Mark701
    • +3
      Mark701  
    • Paratus:

      "We" didn't create any inflation, the Fed did with the help of Nixon who took us off the gold standard. If you read a history of the Fed you'll understand that it was, in essence, a privatization of the US Treasury. And like all private for profit entities, it's primary concern is it's own survival, not that of the United States. Any decision the Fed makes is first and foremost made to benefit themselves and the US second.

      I'm all for cutting spending. The first major cut should be defense. Are you aware that we spend 20 billion dollars a year for air conditioning for US forces? That's more than the entire NASA budget. It's a bloated industry still stuck in a Cold War strategy. The war we should be preparing for is already being fought on the economic front by the Chinese and their US corporate enablers.

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
  • COMMONSENSEFORCOMMONGOOD_COM
  • lifestudentno83
  • jim_b
    • +1
      jim_b  
    • Paratus:

      Late as usual Parrotbagger. We needed to quit spending when GWB was king. Now we have to pay the bills he charged up, then we can worry about the real debt. Now, go ahead and report me.

    • 10 months ago
  • Steamed_N_More
    • 0
      Steamed_N_More  
    • It is a symptom of irresponsibility our lenders can use to increase interest rates! The real culprits are those who can create private sector jobs, and reticent to pay taxes and lose subsidies as they are "entitled" to. The economic sector only responds to incentives. Those provided by the governments here or abroad.

      A major disconnect between white and blue collar positions hinders progress. Mistrust and unethical practices dominates the profit agenda. Selfish interests overshadow any national interests with economic issues currently at an impasse!

      "Woe! To lose a mansion, yacht, jet, retreat or club membership, to keep a factory or plant and workers productive."

    • 10 months ago
  • percipi224
    • 0
      percipi224  
    • Steamed_N_More:

      You'll love this one. when i had my store in 05 i saw the credit cards were going to get to screw us and tried to explain it to the lady who owned the design store. She didn't beleive me. So in 07 she comes in and says; OMG what's with the credit cards?! we talked a little bit and then she says, "it is getting bad, my friends in Santa Fe had to sell the BMW!" EGAD!

    • 10 months ago
  • squarethecircle
  • sharin
    • +3
      sharin  
    • If the debt ceiling is not raised the US looses its AAA rating. When we loose this rating our creditor immediately raise the interest rate we pay on our loans. This means we are hundreds of billions of dollars MORE in debt.
      doesn't seem very wise to me

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
  • percipi224
    • 0
      percipi224  
    • sharin:

      Actually I beleive it means that the Bond market will make billions, and they want us to have a false debt crisis, as do the Hedge funds. Right now the bond market is the next crash in waiting and they want to blame it on Obama. why do you think the repugs are fighting to make a debt crisis? Follow the money. The Fed rate is the one that determines our credit card rate more or less, so the bank that has you card gets charge next to nothing and they charge you 15 to 35 plus fees and rake it in. Deficit aint' the issue. In europe they think we are crazy screaming the sky is falling when it isn't here. Even our f-ing wars won't bankrupt us believe it or not. But if they realy gave a shit about the deficit they wouldn't have gotten us into this back in 2002 and beyond, and they would be screaming for all troops to come home and all contracts to be cancelled. We spend more on military than the rest of the world combined. What would you think of a neighbor that spent all his money on weapons and drove the kids to school in tanks? peace.

    • 10 months ago
  • sharin
    • 0
      sharin  
    • percipi224:

      I'm not at all familiar with the bond market and dege funds so will take your word that there in lie the next crisis.
      re the credi score - I was referring to the credit rating for the USA, not our personal credit score and now the interest charged on our credit cards. HOWEVER, if thw US government defaults on our debts, the creditors to the USA immediately raise the rates charged on the USA loans. When THESE loan rates go up so will the rates on everything else, which means our own personal credit cards. a sort of dominoe effect.
      And when the US economy crashes so do those of most other countries around the world

    • 10 months ago
  • sharin
    • +5
      sharin  
    • right out of the gate this article is incorrect:" Republicans and Democrats are focused on the debt ceiling - and are preparing to make cuts to Medicare and Social Security while keeping huge tax cuts for billionaires."
      these tax revenues have been the sticking point - Dems for eliminating loop holes AND going back to the pre-Bush tax rates and the GO stonewalling and saying "no tax increases, period"

    • 10 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
    • +2
      COMMONSENSEFORCOMMONGOOD_COM  
    • sharin:

      The fact that Obama is even mentioning the possibility of reducing social program spending out of the necessity to strike a budget compromise, evidences that the discussion is a pretext for legitimizing stealing more from the tax payers. Otherwise, a legitimate populist would stand and say no more theft of public money! There are sufficient areas in which to make ample budget cuts to address the deficit and debt, without further raping the people. Call a TOE-MAY-TOE a TOE-MAH-TOE, and it's still an acidic fruit.

    • 10 months ago
  • SandyBerman
  • COMMONSENSEFORCOMMONGOOD_COM
  • JohnA
  • SandyBerman
  • CreditFigaro
  • PressCore
    • +1
      PressCore  
    • CreditFigaro:

      http://2.mo

      By allowing the U.S. National debt to default, their credit rating would be
      downgraded. With that downgrading, the risk of lending to them goes up,
      To compensate for that increased risk, the amount of money in interest
      the U.S. Government pays on carrying that debt would increase dramaticly.
      At first it might not seem unsustainable, but as they roll over deficits into the
      debt, those deficits aggregate a larger debt, which burgeons over time by
      interest compounded, not daily, but by the microsecond.Time is money. It's
      estimated by 2050, the annual interest on the debt with the current credit
      rating would quadruple to $2.3 Trillion, more than all the current income
      taxes collectable. Since the U.S. sold out the Soverignty of the USA in 1913,
      to foreigners who control the U.S.' credit rating, any lowering of their credit
      rating would plunge the entire U.S.A.'s economy into a Depression worse
      than the Great Depression which lasted from 1929-1939, ending only with
      WW2. Even the WPA, CCC, et al measures FDR took to curtail the collossal
      human misery of widespread homelessness, malnutrition, mass suicides
      weren't enough. With no income taxes from 35% unemployment, nothing
      could sustain that staggering national debt. Even Atlas the Titan couldn't
      deadlift the weight of our entire world as completely as the $1.5 Quadrillion
      ( $1.5, 000,000,000,000,000 ) of financial obligations the U.S.Govt. has
      assumed for the Wall St. Banksters' casino gambling derivatives market.
      This entire sordid situation has played out exactly as President Andrew
      Jackson prophesized in his exit address to 18 Million Americans in the
      1930s to explain why he vetoed the 2nd Corporate Bank of the U.S.
      (Government), the American equivalent of the Rothschilds' owned " Fed "

      By 1970 the U.S. Govt. was totaly dependent on credit to operate since
      it allowed a Monopoly to lord over them. When they let the Rothschild's
      cartel grease them in 1913 to allow their Trojan Horse " Fed " in through
      the Federal Reserve Act, the U.S. Government gave up it's Soverignty to
      control it's own economic affairs & monentary system. By so doing, it also
      gave up the Soverignty of We the People. WE are the U.S. Government.
      Ie all 300+ Million of us. We directly, and through our States, are the big
      pyramid that holds the U.S. up, as in e pluribus unum. The U.S. is only a
      mirror reflection of what we are. So with Americans personal debt level
      at over $300 Trillion, in addition to the REAL $65 Trillion " secret " natl.
      debt, people have sold their independence, and their souls to the devil.
      Point is Americans are no longer in control than their U.S. Govt is. The
      U.S. Govt. is no more in control than a waterskier is by holding the teather
      connecting it to the powerboat that's pulling it. ALL the debtors in the USA
      have been reduced to a bad rendition of that 1980s GoGos video " Vacation Getaway " . They assume Liberty is the natural condition of humans, yet
      they don't know shit from shinola about Usery Slavery. And won't until
      they're too poor to buy fireworks for their annual July 4 partiers' escape.

      The only SURE way the USA is going to regain it's soverignty is to: 1. End
      the endless foreign wars fomented by Banksters to sate Corporate Piracy.
      2. End Prohibition & the Prison Industrial Complex, a $2.3 Trillion parasite
      feeding off the USA each year per the Corp Govt. " DOJ " sponsored War
      on Drugs. 3. Restore the original functions of the Treasury verbatim to the
      Constitution. William Jennings Bryan envisioned fiat currency as a way to
      end the abuses of Bankers abusing the Gold/Silver standard by giving
      people a means of funding jobs. He never envisioned a central bank, much
      less a foreign one, sold as the: " printer of last resort " becoming a Monopoly corrupting everything in sight beyond enforcement of the Anti Trust laws.
      Americans need to learn not to abuse credit, live within their means, and
      stop wasting natural resources equaly as they do finished products. As a
      future national of Switzerland (who's lived there) , I sense until economics
      , as civics, becomes the curricular mainstay of American elementary/high
      school education, that the diploma mills will only turn out the brainwashed
      capable of doing less and less, consuming more and more, as they recall
      their grandparent's talk of an American dream they did'nt have to be asleep
      to realize. I had parents as savvy as Albert Einsteins, w/o their education.
      As Plato said: " Humans will always be dominated by tyrants until they activly
      take an interest in politics " Caring is priceless beyond money. Sheeple can't
      grasp that concept, but people can. It kills me people have become sheeple
      by abrogating their duties & responsibilities so calvalierly. Falsely presuming
      they can pay income taxes to let others preserve their Liberty then wondering
      astonished at the dupicity & treachery of G people who CAN'T be paid to care.
      We have direct Democracy in Switzerland. Citizens are expected to maintain
      their own rifles there..

    • 10 months ago
  • percipi224
    • 0
      percipi224  
    • JohnA:

      and who will buy us out? the IMF, WTO, take all our national parks and turn them into parking lots? We ARE the IMF WTO. I say call their bluff!!!! They make massive amounts of money either way. They are holding us hostage and it is black mail straight up. they want to kill FDR and LBJ legacys that is all this is about. Read shock doctrine.

    • 10 months ago
  • JohnA
    • 0
      JohnA  
    • percipi224:

      I have no love for the IMF or the WTO, or the S&P or Moodys. It's alright with me, but just be prepared when gas is $10 a gallon and the price of a loaf of bread doubles. Because if our debt gets downgraded that is what will happen. Just saying.

    • 10 months ago
  • thedirtman
  • SandyBerman
    • SandyBerman  
    • This comment was removed as a violation of community guidelines.
  • squarethecircle
  • SandyBerman
  • squarethecircle
  • jubal
    • +3
      jubal  
    • Add this to the list of phony crisis that we have been showered with. This is the only way politics is done anymore, through smoke and mirrors.

    • 10 months ago
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