The title of a CBS News article released on January 14, 2013 is “Obama: NOT raising (the) debt limit “absurd” (and) “FINANCIAL DISASTER” (Web-site/URL: http://www.cbsnews.com/8301-250_162-57563839/obama-not-raising-debt-limit-absurd-financial-disaster/). WOW. “disaster” is a strong word to start off with.
“President Obama today (January 14, 2013) SHOT DOWN Republican THREATS to let the federal government default on its loans, saying, “To even ENTERTAIN the idea of this happening, of the United States of America NOT paying its bills, is IRRESPONSIBLE. It’s ABSURD” obviously. Strong Words & Phrases: “shot down” and “threats”.
“in a White House news conference”, Obama said: “WE’VE GOT TO pay our bills” again obviously. “They (i.e. Republicans) WILL NOT collect a ransom in exchange for NOT CRASHING the American economy. The full faith and credit of the United States of America IS NOT a bargaining chip“, like the GOP wants it to be.
“Mr. Obama stressed today (January 14, 2013) that raising the debt ceiling WOULD NOT authorize NEW SPENDING“. “It simply allows the country to pay for spending that Congress HAS ALREADY COMMITTED TO. These are bills THAT HAVE ALREADY BEEN RACKED UP… You DON’T go out to dinner, then eat all you want and then leave without paying the check“. The President is CONCEDING to the GOP here.
“The President quoted House Speaker John Boehner on the issue, who last year (2012) said letting the government default would be “A FINANCIAL DISASTER NOT ONLY for us, but for the WORLDWIDE economy”. The President HITTING BACK at Republicans here.
“The president ran through a list of the economic consequences of default, noting, “Social Security checks and veterans’ benefits will be DELAYED. We might NOT be able to pay our troops or honor our contracts with SMALL BUSINESS owners” as opposed to BIG WALL STREET BANKS. This is a point that the Obama administration has repeated over and over and over again. “Food inspectors, air traffic controllers, specialists who track down loose nuclear materials WOULDN’T get their paychecks. Investors around the world will ask IF the United States of America is, in fact, a safe bet”. That’s NOT good. “Markets could GO HAYWIRE, interest rates would SPIKE for anybody who borrows money, EVERY homeowner with a mortgage, EVERY student with a student loan… It would be A SELF-INFLICTED WOUND on the economy, it would slow down our growth (and it) might (even) tip us (back) into recession, and ironically, might INCREASE our deficit”.
“In response to the president’s news conference today (January 14, 2013), Boehner said (that) the House will “do its job” and pass legislation to keep the government running and pay its bills — along with CUTTING SPENDING“. Again, “cutting spending” is a GOP OBSESSION. Of course “do its job” certainly DOES NOT signify/imply/suggest agreement.
“The American people DO NOT support raising the debt ceiling without reducing GOVERNMENT SPENDING at the same time”. There’s that phrase again: “government spending”. Also Boehner must only be talking about OHIO‘s 8th District because HE CAN’T POSSIBLY BE talking about ALL “American people” here. “The consequences of failing to INCREASE the debt ceiling are real, but so too are the consequences of allowing our SPENDING problem to go unresolved”. Notice “spending”. HERE WE GO AGAIN. “Without MEANINGFUL (?) action, the debt will continue to act as AN ANCHOR on our economy, costing American jobs and endangering our children’s future”.
According to Sen. Jim Inhofe, “In another month from now (late February or March 2013) , all these TEA PARTY people and others are going to be together and using that as THE HAMMER to get that done and I FEEL VERY GOOD about that“. This implies that Inhofe “feels very good about” “the force and pain technique” being used (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI).
“While many Republicans are willing to use the threat of default as leverage, even more are reportedly willing to let the government shut down by failing to pass another “continuing resolution” to fund the government by March 27 (2013)”. The GOP is still obsessed with ELECTIONS, more specifically taking back control of THE SENATE in the 2014 mid-term elections, given that President Obama isn’t running again.
According to Rep. Cathy McMorris Rodgers, R-Wash., the fourth ranking Republican in the House (Chairman of the House Republican Conference)”, speaking to Politico, “I think IT IS POSSIBLE that we would SHUT DOWN THE GOVERNMENT to MAKE SURE President Obama understands that we’re serious“. This is the latest GOP THREAT. “We always talk about whether or not we’re going to KICK THE CAN DOWN THE ROAD“, which is what POLITICIANS do. “I think the mood is that we’ve come to THE END of the road”.
Finally, “Mr. Obama said that IF congressional (i.e. HOUSE) RepublicansREALLY want to work towards a BI-PARTISAN (?) agreement over deficit reduction, “there’s a recipe for getting that done“. Not much IF ANYTHING is “bi-partisan” these days. “However, the president said that House Republicans are more interested in shaping the government as THEY see fit” of course, making this the latest example of the MY WAY OR THE HIGHWAY approach. “THEY HAVE A PARTICULAR VISION about what government should and should not do“. Well, SO DO DEMOCRATS. They ARE SUSPICIOUS ABOUT government’s commitments, for example, to make sure that seniors have DECENT HEALTH CARE as they get older”. This is the Obama administration’s TOP priority: QUALITY health care FOR ALL. “They HAVE SUSPICIONS ABOUT Social Security. THEY HAVE SUSPICIONS ABOUT whether the government should make sure KIDS IN POVERTY ARE GETTING ENOUGH TO EAT“. THERE SHOULD BE NO DEBATE ABOUT THIS. We must make sure people have FOOD and HEALTHCARE. This is A FUNDAMENTAL DUTY OF HUMANITY.
“That Republican viewpoint…was REJECTED by the American people when it was debated in the presidential campaign”. IT SHOULD’VE BEEN. “Moreover, he pointed out that polls show Americans value spending on things like Medicare and education”. “It makes a lot more sense for us to close, for example,CORPORATE loopholes before we go to putting a bigger burden on students or seniors” two key groups in society. “If the House Republicans want to disagree with that and they want to shut down the government to see if they can get their way on it, THAT’S THEIR PREROGATIVE. IT WILL DAMAGE THE ECONOMY“. Perhaps Obama is rallying Democrats for the 2014 MID-TERM ELECTIONS.
This is the latest example of PARTISAN POLITICS at its best.