Raising the Roof: The Debt Ceiling

Cross postedfrom The Stars Hollow Gazette

Since 1962 the debt ceiling has been raised 74 times. Under George W. Bush, it was raised ten times without amendment. The current fiscal problems were caused by the Bush tax cuts, the Afghanistan and Iraq Wars and the economic downturn that both Republicans and Democrats refuse to realistically address by investing in this country, raising revenue, yes taxes, and closing the tax loop holes for corporations. The deficit will not be reduced by ending Medicare and decimating Medicaid and forcing seniors to pay 68% of the costs. That Medicare is even on the table without the tax increases for the top 1% should be a non-starter for negotiations on limiting the debt or raising the debt ceiling. The only reason that I can see this is even a discussion is that the President and the Democrats are beholding to the health care industry and pharmaceutical companies that would benefit in the trillions of dollars if Medicare and Medicaid are ended.

Every Democrat in the House who voted “nay” on the clean bill to raise the debt ceiling should be primaried with a real Democrat who will vote for the best interests of the middle class and the poor and not negotiate away their safety nets to make the rich wealthier.

1 comment

    • TMC on June 4, 2011 at 3:46 pm
      Author

Comments have been disabled.