An embarrassment for Congress and a far-reaching blow to Washington’s financial credibility...? HAHAHAHA...!
oh, yeah... like there's any financial credibility left...
what kind of credibility could possibly remain for a country that has thrown trillions of dollars at its super-rich elites and their bankster puppets, has a larger defense budget than the rest of the planet combined, flushes billions and billions of dollars into the twin sinkholes of afghanistan and iraq, smooths the way for the loss of millions of jobs to other countries but works overtime to lighten the tax loads of the very corporations responsible, allows many more millions to be thrown out of their homes with no recourse, and then - THEN - turns around and burns the midnight oil in an attempt to shred the tattered remnants of the social safety net and place the burden for all of this on the very citizens who have already been repeatedly victimized in the decades-long rape and pillage...
from a nyt op-ed...
there isn't any credibility... there hasn't been any credibility for quite some time... with the congressional approval rating at a jaw-dropping 9%, talking about congressional credibility is beyond ridiculous... whatever happens - or doesn't happen - isn't going to make the slightest bit of difference to a system that is so profoundly broken, the only sensible thing to do is sit back and wait for the implosion...
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what kind of credibility could possibly remain for a country that has thrown trillions of dollars at its super-rich elites and their bankster puppets, has a larger defense budget than the rest of the planet combined, flushes billions and billions of dollars into the twin sinkholes of afghanistan and iraq, smooths the way for the loss of millions of jobs to other countries but works overtime to lighten the tax loads of the very corporations responsible, allows many more millions to be thrown out of their homes with no recourse, and then - THEN - turns around and burns the midnight oil in an attempt to shred the tattered remnants of the social safety net and place the burden for all of this on the very citizens who have already been repeatedly victimized in the decades-long rape and pillage...
from a nyt op-ed...
We are no fans of the supercommittee. It is undemocratic, and the deep, automatic cuts the law would impose if the committee fails to reach agreement are gimmicky and potentially dangerous. But walking away at this point would be an embarrassment for Congress and a far-reaching blow to Washington’s financial credibility.
[...]
Simply dismissing the committee and undoing the sequester would be such a vast admission of Congressional failure that it could push down the nation’s credit rating, lead to chaos in financial markets and severely cripple hopes for an economic recovery. Republicans created the policies that forced up the deficit and then refused to compromise with President Obama. They cannot simply walk away now. Panel members have only a few days to come up with a plan that balances new revenues with spending cuts. That is the only way to wrestle down the deficit without doing huge damage to the economy and the country.
there isn't any credibility... there hasn't been any credibility for quite some time... with the congressional approval rating at a jaw-dropping 9%, talking about congressional credibility is beyond ridiculous... whatever happens - or doesn't happen - isn't going to make the slightest bit of difference to a system that is so profoundly broken, the only sensible thing to do is sit back and wait for the implosion...
Labels: broken system, economic collapse, financial meltdown, house of cards, NYT, safety net, social contract, Super Committee
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posted by profmarcus at
11/08/2011
