The last debt ceiling crisis cost the country, and the people, dearly and it is important to note raising the debt limit simply allowed the government to repay debts repugicans racked up during the shrub junta’s drunken spending spree. In the 2011 credit debacle in exchange for raising the debt limit, repugicans were paid with a million jobs killed, a credit downgrade, $19 billion added to the deficit, and $1.2 trillion sequester cuts slated to kill between 750,000 and million jobs in the first year alone. Add to that ten years’ worth of cuts to Meals on Wheels, food and housing assistance for children and seniors, as well as indiscriminate domestic program cuts and it is little wonder John Boehner was “pretty happy he got 98% of what he wanted” because repugicans profited without making any investments. Doubtless repugicans regarded taking food out of the mouths of needy Americans and killing jobs as their greatest gain on no investment, and it was all for authorizing payment for their debts.
Americans paid a high price for repugicans to authorize the government to pay for their unnecessary wars, a pharmaceutical industry gift (Medicare prescription plan), and twelve years’ worth of tax cuts for the richest Americans. In fact, it was so profitable for repugicans that Senate Minority Leader Mitch McConnell promised to hold the debt ceiling hostage again because making outlandish profits without any investments is a dream come true, and if the people and nation’s credit were damaged, as John Boehner says “so be it.” Secretary Lew’s notice to repugicans that they are not going to profit for doing their job and authorizing the government to repay their debt was a good start, but it is not enough. Americans have invested and paid repugicans with their jobs, schools, and domestic programs and it is time to demand repayment; separate from the debt limit.
The repugicans have not invested anything for the profits they reaped from the last debt limit crisis and they are gearing up for “a whale of a battle” for more from the people according to John Boehner. The hypocrite repugicans never demanded payment from the shrub to pay the nation’s debts, and in fact they raised the debt limit seven times including once to cover new tax cuts for the rich in 2003. Raising the debt limit is non-negotiable for President Obama the same as it has been for every other president and why he let repugicans demand that Americans paid them with spending cuts and job losses in 2011 is a mystery. If the President assumed there would be a “grand bargain” by flirting with a credit default, he miscalculated because repugicans came away with a wealth of harsh and damaging gifts and the nation got a credit downgrade; repubgicans won the debt limit war and Americans paid them handsomely then and for the next ten years.
The American people have invested far too much in the phony debt ceiling crisis and it is time for repugicans to invest in America. They have not invested in roads, schools, healthcare, or jobs, and they have successfully avoided investing their time wisely over the past two years. What little time they have spent in Congress has been chasing phony and manufactured scandals, voting to defund the Affordable Care Act, and demanding Americans invest more by forfeiting more jobs, overtime pay, and for 30 million Americans, the first opportunity to have basic healthcare insurance. After their 5-week hiatus in August repugicans will only spend nine days in session in September and likely waste time fighting amongst themselves over defunding the Affordable Health Act instead of working on immigration, replacing indiscriminate sequester cuts, or passing anything resembling a real budget.
The repugicans and their wealthy supporters have profited off the American people to excess, and for the people’s trouble the repugican cabal invested absolutely nothing to strengthen the economy, create jobs, or provide a means of avoiding poverty. Secretary Lew made a good start telling repugicans they will get nothing more from the people in exchange for raising the debt limit, but it is not nearly enough. To the President’s credit, he has demanded repugicans invest in the people, but for his trouble the repugican cabal finds new ways to make the people pay. After sacrificing millions of jobs, $19 billion, a credit downgrade, and a ten year Draconian sequester just to prevent a credit default, the people have invested too much and repugicans have profited enough.
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