Wednesday, July 27, 2011

The Debt Debate

Here we are in the final hours of deciding if we should let America Fail or keep working to improve America.  Tea Party Republicans want to put entitlements (Social Security, Medicare, Medicaid) on the table or they won’t agree to get a deal on raising the debt ceiling which Ronald Regan (their hero) did just 17 times & Bush for that matter and then it wasn’t an issue.   It is not about spending for them, they want entitlements on the table such as Medicare, Medicaid & Social Security…why?  So they can steal the money.  Just as Bush gave the Banks a 700 billion dollar present as he walked out the door and handed over the deficit to the next president.  Don’t be confused this was due to 2 wars that weren’t paid for, Medicare Part D which wasn’t paid for and Tax cuts to the richest Americans which weren’t paid for or transparent.
Let’s talk Talking points… You don’t want to redistribute the wealth... Right?  What do you think we are doing when we give our tax money (from struggling Americans) in the form of subsidies to companies who are making record profits?  These are their talking points people, the Tea Party Republicans won’t stand for raising the taxes back to where they were for the richest Americans during the Clinton Administration.  The rich and Large Corporations are experiencing the lowest taxes they have ever had in 50 years and Bush did this during war time which is unheard of.  Not to mention experiencing record profits during the recession...things that make you go hmmm.
One more thing to ponder…
Who owns most of the U.S. debt?  It is not China!  China owns 10%
The American People do, 65% of the American debt is owned by us.   The American People!
Individuals who own treasuries
Intuitions like your pension funds own treasuries
The Social Security Trust Fund owns treasuries
The U.S Military Retirement Fund owns treasuries
The U.S Civil Retirement Fund owns treasuries
These are the things that will default & are you saying that you want to be stiffed by your own Government! 
Many times when America was in trouble you may not have felt it in your pocket, but if we let the Tea Party Republicans hold us hostage on the debt. Everyone will be affected.  Call your congressmen and tell them to make a deal.  If you don’t know much about politics…it is time to learn. 
We are all alike in that we want the best for our children, defaulting now will change America as we know it and the people will pay for it, not the corporations or big money that the Tea Party Republicans are supporting….It’s you! 
By the way… the Tea Party Doesn’t Exist!  It is made up by Corporate America, The Koch brothers, Grover Norquest Foundation, Americans for Prosperity, Heritige Foundation & Loby Houses.  Here is a picture of today's Tea Party rally outisde of the Senate-the "Hold the Line" rally-- Here's a shot of Jim DeMint addressing the crowd.  If you think you are a part of something big, please rethink…it is not grass roots. 
.Information is provided and Fact Checked by The Talented & Smart Randi Rhodes courtesy of The Randi Rhodes Show.


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