Monday, July 18, 2011

Stand up, America! Demand a deal on debt - CNN.com

Stand up, America! Demand a deal on debt - CNN.com

Watching Republicans and Democrats squabble from their ideological battle lines over the debt ceiling is the same as watching a bratty child fall out in the middle of the floor with a temper tantrum when he doesn't get his way.

On one hand, Republicans are desperately trying to hold on to their purely insane ideological position that there must be no revenue and/or tax increases. It is as if these idiots refuse to believe any data that make clear that the massive tax cuts put in place by President George W. Bush have increased the federal deficit.

Then there are the Democrats, who have this equally insane belief that we can reduce the deficit and not touch Medicare, Medicaid and Social Security. Those three areas, along with the billions we continue to spend on national defense, constitute most of the dollars we spend on the federal budget. And those costs are spiraling out of control. So, of course, we must make some hard choices, and yes, that will mean making adjustments that might upset seniors.

At the end of the day, this ludicrous standoff is doing severe damage to America's credibility in the financial markets. Even toying with not increasing the debt ceiling could have severe repercussions for all of us. When clueless lawmakers like Rep. Michele Bachmann suggest that nothing will happen if we don't raise the debt ceiling, they only prove that they will destroy this nation in order to preserve an ideological purity.

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