Showing posts with label default. Show all posts
Showing posts with label default. Show all posts

Monday, October 14, 2013

Sarah Palin blames the looming debt default on the President, and then says if he does anything on his own to solve it he will be impeached, and if he does nothing, he will be impeached.

Phony hair, phony patriotism, and phony Facebook posts. About sums her up.
Courtesy of the Painfully Puerile Political Pinhead's ghostwritten Facebook page:

Obama’s Debt Default is on His Shoulders While We Shoulder His Impeachable Offenses 

Apparently the president thinks he can furlough reality when talking about the debt limit. To suggest that raising the debt limit doesn’t incur more debt is laughably absurd. ( It does NOT directly incur more debt. Only allows the debt already owed to be paid on time. Moron!) The very reason why you raise the debt limit is so that you can incur more debt. Otherwise what’s the point? (The point is to pay your bills on time and not default, which would send the message to the world that America is not trustworthy to do business with. Does she not remember what happened in 2011 when we DID eventually raise the debt ceiling but the argument leading up to it resulted in the lowering of our credit rating for the first time in the country's history?)

It’s also shameful to see him scaremongering the markets with his talk of default. There is no way we can default if we follow the Constitution. The Fourteenth Amendment, Section 4, requires that we service our debt first. We currently collect more than enough tax revenue to service our debt if we do that first. (No that is called "Prioritizing" and in this case it is essentially unworkable:"The U.S. government’s payment system is sprawling. It involves multiple agencies. It involves multiple interacting computer systems. And all of them are designed for only one thing: To pay all bills on time. The technological challenge of trying to adapt that to some other system would be very daunting, and I suspect that if we were forced into a mode like that the results would be riddled with all kinds of errors.") However, we don’t have enough money to continue to finance our ever-growing federal government (with our $17 trillion dollar national debt that has increased over 50% since Obama took office). That’s why President Obama wants to increase the debt limit. He doesn’t want to make the tough decisions to rein in government spending. So, he’s scaremongering the markets about default, just as he tries to scaremonger our senior citizens about their Social Security, which, by the way, is funded by the Social Security Trust Fund and is solvent through 2038. (Might be a good place to mention that Ronald Reagan raised the debt Ceiling 18 times, more than any other President. Was he also "scaremongering?")


It’s time for the president to be honest with the American people for a change. Defaulting on our national debt is an impeachable offense, and any attempt by President Obama to unilaterally raise the debt limit without Congress is also an impeachable offense. A default would also be a shameful lack of leadership, just as mindlessly increasing our debt without trying to rein in spending is a betrayal of our children and grandchildren who will be stuck with the bill. 

- Sarah Palin 

So to be clear, in Palin's stunted and ill informed point of view, the President is damned if he does, and damned if he doesn't. Apparently Palin's only solution is for the President to surrender his presidency and hand it over to the Tea Party.

Go ahead bitch, hold your breath.

The possibility of this President being impeached for the political malpractice demonstrated by the Republican party is an outlandish fantasy dreamed up by a band of politic sore losers who simply cannot accept that they lost, and the President and the American people won.

Every day the Republicans lose ground in the polls, and every day the President looks more and more like the only adult in the room.

And don't forget, HE is not up for reelection ever again. The same cannot be said for those who are actively trying to destroy the full faith and credit of the United States of America. 

Tuesday, October 08, 2013

This may have seemed like a controversial episode of the Newsroom last year, but I imagine that the majority of Americans would now agree with it 100%.

I imagine that most of us here at IM were cheering when the Jeff Daniels character, Will McAvoy, made those statements, however there was still an angry and energized minority of Americans who thought the comparison to the Taliban seemed unfair.

Somehow I have to imagine that that minority is even smaller in light of what is happening right now in Washington.

Eric Zuesse. an investigative historian has written a long and incredibly detailed explanation for how this American Taliban was able to take control over our government, as well as who funded them over at HuffPo.

Here is a portion I thought you might find interesting:

Sarah Palin had resigned her Governorship of Alaska, in order to become rich quickly via speaking tours and book deals; and on August 7th at her Facebook page she issued her "Statement on the Current Health Care Debate," and said that if Obama's health plan were to pass, people "will have to stand in front of Obama's 'death panel' so his bureaucrats can decide, based on a subjective judgment of their 'level of productivity in society,' whether they are worthy of health care. Such a system is downright evil." (The phrases 'death panel' and 'level of productivity in society,' weren't in any proposed legislation, but came from Palin's own imagination.) The extremely conservative audience at aol.com was online-polled about this, "Do you agree with Palin's characterization of Obama's health plan as 'evil'?" and within a few days 200,000 respondents entered their opinions, 59% saying "Yes," and 41% "No." When asked "In general, what's your impression of Palin?" 50% said "Mostly positive," and 42% said "Mostly negative." Newt Gingrich on ABC TV's "This Week," on August 9th, was asked his opinion of Palin's Facebook statement, and Gingrich said he agreed with it, because Obama and the Democrats were planning "euthanasia" for old people. Despite ABC's strong Republican tilt, their George Stephanopoulos pointed out that there was nothing of that kind in any proposed legislation, but Gingrich went right on charging that this was the Democrats' intent. The thrust of Republicans and of the healthcare lobbyists and their "grass-roots" fronts was unmistakable: Obama's plan was to euthanize old people, and it was evil. Sometimes, major media were even compelled to correct misrepresentations of their own news reporting that was spread by Koch-allies.

The article of course is much more detailed, and I think everybody needs to read it. However I want to remind all of you that during the time mentioned above Sarah Palin was NOT the bedraggled used up skeletal harpy that we see today, Back then she was the Queen of the Tea Party and had tons of media attention paid to her every ridiculous utterance.


It was citizen journalists who eventually turned her into a laughingstock and rendered her all but impotent. And it is that same kind of grass roots reporting, and dissemination of information, that will ultimately prove to be the downfall of the Tea Party.

We can do this, but we have to be diligent, aggressive, and tireless.

Don't forget the other side, Breitbart, The Blaze, The Daily Caller, and others, all have the backing of big business to pay their bills and to help them push their agenda.

All I have is you.

(Oh, and coffee. I have coffee too.)