Thursday, July 14, 2011

Stop It

Right here, right now
Watching the world wake up from history
--Jesus Jones

As the judge observes, we have a chance to stop the debt and spending madness right here. If House Republicans vote to raising the debt ceiling, then we can proactively work to reverse course.

A few weeks back, I would have opined that the chances of this happening were slim to none. But the public is increasingly engaged in this debate, and all polls suggest that at least 60% of the public is against more debt.

(btw, the president dismissed these figures the other day in an interview, suggesting that folks are busy and really don't understand the problems, and that they should let the 'professional politicians' deal w/ the issue. That's right, Mr President. The people are a bunch of rubes and you know better than us. The British expressed a similar condescending view toward the newly independent United States 235 yrs ago.)

Republicans know that new elects were sent to Washington to reverse our debt problem. Many old schoolers were probably hoping that people would disengage from the process post-election.

However, the opposite appears to be occurring. And this is putting fear--the fear of job loss--into Republicans that would otherwise cave on the debt ceiling vote.

Raising the debt ceiling increases the probability that we will back peddle into austerity with less control over our destiny. Stated differently, debt reduces freedom.

Stop it. Right here, right now.

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