Pressure is coming from teabagger republiscums, they want MUCH BIGGER cuts than has been considered by moderate Republicans and Democrats, but this minority of teabaggers refuse to compromise. WELL, then let this minority of GOP baggers go ahead with their plans of a shutdown. Should be interesting to see how the country retaliates!
It's scary actually when a minority can threaten our leaders, forcefully shove their agenda down the throats of our Congressmen and women and the American people. These teabaggers are a MINORITY, so why are they getting away with these threats?
This talk of less spending and smaller government is coming from a group who knows not what they are talking about, yet demand the country listen. This group of teabagger rightwingers are focusing their anger on the wrong people. They are indeed conservative republicans, even if they deny it, they are indeed blaming our countries debt on the evil liberals. When in fact it is the Republican Party, who 30 yrs ago convinced Americans tax cuts would be a good thing and they could have these tax cuts without losing any services they have come to expect in this great nation. So because of Republican policies our public debt jumped from $997 billion when Reagan took office to over 14 times that number today. Without those tax cuts we could be enjoying a thriving economy today. In 2008 we ranked 26th out of the 30 countries in the Organization for Economic Cooperation and Development in terms of our total tax burden, coming in almost 9 percentage points below the average of the group of wealthy nations.
NEW POLL OUT... 71% of teabaggers think President Obama is destroying the USA, while just 6% of non-teabagger Republicans think Obama is destroying America...
We've always been in debt, the last time the public debt decreased was in the mid-1950s, so every year since we've hit a “record high” debt in dollar terms. But a better measure is how much debt we have in relation to our economic output, and that number peaked at around 120 percent of GDP during World War II. So why now are these teabagger patriots furious about our spending and debt?? We know, we know...
The Right fearmongers about China and our debt. The Chinese are not our bankers. The reality is that, as of last year, China held 9.5 percent of our outstanding debt. The largest lender to the U.S. government is the people of the United States – we own 42.1 percent of the national debt in the form of Treasury bills held in our pension funds, 401(K)s, etc.
And 4.6 trillion – about a third – is held by the government itself. Almost 18 percent of the T-bills outstanding are sitting in the Social Security trust fund, earning interest and making the retirement program incredibly secure despite all the claims to the contrary.
When the Republicans talk about our national debt they always blame "entitlements" like Social Security (which hasn't added a penny to the national debt).When in fact much of our national debt payments are from past military spending. Economist Robert Higgs calculated it like this:
I added up all past deficits (minus surpluses) since 1916 (when the debt was nearly zero), prorated according to each year's ratio of narrowly defined national security spending--military, veterans, and international affairs--to total federal spending, expressing everything in dollars of constant purchasing power. This sum is equal to 91.2 percent of the value of the national debt held by the public at the end of 2006. Therefore, I attribute that same percentage of the government's net interest outlays in that year to past debt-financed defense spending.
In 2007, when Higgs did that analysis, he came up with a figure of $206.7 billion just in interest payments on our past military adventures.
The Religious Right, the teabaggers, the Uber Conservative Republicans, are all fearmongering about our debt problem. They believe they can win elections by claiming to be fiscal conservatives, but what we are seeing out of Wisconsin, Michigan, Ohio etc. is these teabagger politicians are overstepping with the spending cuts that are harming the middle class and the poor among us. The country is not falling for the lies and deceptions, we are not afraid of their threats to shut down the government, we won't fall lockstep with this minority who are trying to take our country back to the middle ages. They are fearmongers, they don't speak for the MAJORITY of Americans.
The Religious Right, the teabaggers, the Uber Conservative Republicans, are all fearmongering about our debt problem. They believe they can win elections by claiming to be fiscal conservatives, but what we are seeing out of Wisconsin, Michigan, Ohio etc. is these teabagger politicians are overstepping with the spending cuts that are harming the middle class and the poor among us. The country is not falling for the lies and deceptions, we are not afraid of their threats to shut down the government, we won't fall lockstep with this minority who are trying to take our country back to the middle ages. They are fearmongers, they don't speak for the MAJORITY of Americans.
