Depiction of Obama from two years ago when he basically allowed the country to be extorted by the Reepo Economic Terrorists. This time he needs to approve the debt ceiling limit increase under Executive order- under the 14th amendment - even if brings on a constitutional crisis.
In a heartening speech yesterday Obama basically said that the nation was being held hostage on two counts - with the upcoming potential gov't shutdown if Obamacare isn't defunded for a year, and with raising the debt ceiling to pay the nation's bills. In the latter case, if the GOOPs are allowed their extortion gambit again, it may well mean another credit downgrade, stocks crashing and people suffering. One news anchor, Scott Pelley, on CBS New last night noted from his correspondent (Nancy Cordes) in the field, that Social Security checks could well stop going out by early November if a shutdown ensues and the debt ceiling isn't raised. For sure, all 401 National Parks will close, and service members' checks as well as military death benefits will be delayed. Thank your local Tea bagger fascist for that!
Obama responded that such a debacle would "not occur on my watch". In other words, he is not prepared to deal again with these terrorists "with bombs strapped to their bodies" - which is literally what it amounts to. In this case, an economic "bomb" that will affect tens of millions of innocent citizens. But will Obama hold strain, or allow himself to be rolled again by the extremists in the Tea Party? As Bill Clinton observed last night on a CBS news segment, their tactic is simply to try to dictate to Obama their terms, and not negotiate at all. This is the standard terrorist modus operandi, and in that case it requires the standard response: NO deals, no matter what transpires.
Now, it is a shame, a pity in fact, that some 33% (in a recent CBS News poll) place the blame on the Dems for this impasse and impending economic crash, but they are either congenitally dumb, fundamentally ignorant or Reepo Foxites. Anyone with more than air between the ears knows the reprobates are those who threaten a nation via extortion , i.e. "You will do so-and-so or these will be the consequences.", or seek to dictate their own terms with horrific results for millions if they aren't accepted.
This time the way to deal with these thugs is obvious. In the case of the potential shutdown, given more sane Reeps are against it in the Senate, there is no issue on refusing to make any deals. The fallout will be largely on the heads of the Teepee House which Boehner has shown he can't control. That means someone must exercise adult authority over them, and that has to be Obama. So, don't give in, let the cards fall where they may, but don't yield....not one inch, not one nanometer!
They will demand "spending cuts" in return for paying debts already owed, but this nuts. The graph below shows the spending cuts ought to have occurred under Bush II's term, since the spending increases were actually MUCH greater during his rein, yet the debt ceiling was raised 7 times without fanfare!
The numbers in the chart come from Budget of the United States Government: Historical Tables Fiscal Year 2012. They are just the amounts that the government spent and borrowed, period, Anyone can go look then up. People who claim that Obama "tripled the deficit" are either misled or are trying to mislead, stupid or outright lying to gain specious political advantage.
One can easily see that over his tenure Bush's deficits consistently increased and at his last budget showed a $1.4 trillion deficit. This was fobbed off directly onto Obama.
Bush's overall spending increase was 88% over his time, vs. 7.2% for Obama. If anything, Obama's spending immediately after he took office wasn't enough, and we ought to have had at least double the stimulus he implemented and with NO tax cuts!
In the case of the next round, over the debt ceiling, the solution is also clear as day. If the Reepos won't raise it to pay existing debts then Obama needs to do so on his own, and fuck them and their terrorist ways. The Constitution (Amendment XIV, Section 4), stipulates:
The validity of the Public Debt of the United States, authorized by law, includes debts incurred for payment of pensions ....and shall not be questioned.
It is clear to me that if the Republican Congress refuses to act to raise the debt ceiling (and thereby honor the validity of paying the Public Debt) then President Obama can and MUST issue an Executive Order to override a putatively derelict Congress and invoke Article 4 of Amendment XIV to raise the debt ceiling himself. If this triggers a "constitutional crisis" then let it be! If the Reepos are going to act in an extremist way you must be MORE extremist in the interest of the nation. You cannot roll over again. Or evince a scenario such as depicted in the bottom cartoon from two years ago.
We have in fact, because of the Teepees and their lot, been leading up to a showdown for some time, given the polarization in the country. What better way to resolve it than via a constitutional crisis? I am fully convinced, given what's at stake, that even the Roberts Supreme Court will see where the national interest lies and side with Obama - if he has the courage to raise the debt ceiling limit on his own authority - given the congress has devolved into reckless simpletons who can't be trusted with the keys to the congressional rest rooms, far less the nation's economic welfare.
Give in to these turds again, as he did two years ago, and Obama will only be recalled as a weak and timid wuss who was unable to deliver more than tough rhetoric in the nation's moment of need.