One part of political debate I like is using images to make a point. Whether it is a chart or a quote image, these graphics hold on to the adage that a picture is worth a thousand words. They are also easy to share in social media. However one still needs to be careful one isn’t sharing inaccurate information. Don’t post or share any graphic unless you can confirm the accuracy of the information.
Earlier this year this chart was making the rounds of the blogs I read:
The stagnant economy is like a stalled car. You sit there and keep turning the key in hopes that it will luckily turn over but you know you’ll have to call the tow truck. House Speaker John Boehner (R-OH) doesn’t want to call the tow truck in issuing his jobs plan called “The House Republican Plan For American’s Job Creators”. The “plan” just offers the same tax cuts, budget cuts, and regulation cuts that have failed yet to create the jobs we need.
In what seems as an effort to pre-empt the President’s jobs speech on Thursday, Speaker Boehner released his jobs plan. It has nothing new and nothing that hasn’t already been tried in the past ten years. It contains nothing for the middle class and those actually out of work.
What really drives me insane about the debt ceiling debate and discussions about cutting spending when the economy is in the tank is the politicians in DC ignoring the people who actually do economics as a job. Paul Ryan’s budget, Obama’s grand bargain, and the final deal all ignore the economic facts. Recently a tea party Republican was schooled by the Congressional Budget Office and I think all cheap labor conservatives need to read the detail of the event.
I had the following conversation with a conservative friend of mine recently:
Just like during the budget fight last December, the ruling oligarchy took it to the last moment to agree on a deal on raising the debt ceiling. “Good” for them. The deal though is a solution looking for a problem.
As I have written before, cutting the budget now is stupid. It was stupid when it was done back at the end of last year.
As the Republicans drive us closer to the cliff of financial ruin, the fact is that the debt ceiling needs to be raised to pay for what has already been budgeted. Remember the government shut down crisis in December? Not only is this crisis a Tea Party wet dream, but the Democrats don’t get off the hook. Who’s bright idea came up with the need to cut the deficit while the economy wobbles after the gut punch in 2008 that led to 9%+ unemployment, tanked the housing market, and the largest income gap since 1928. What we are seeing isn’t just a GOP vs. Democrat battle, it’s the tyranny of the money majority.
The debt ceiling has to be raised to pay for the budget that was passed in December. This is similar to paying your credit car bill a month after using it to buy something. If you don’t pay your credit card bill on time or at all you get socked with a massive interest rate increase. That will happen for a start if the ceiling isn’t raised. It could also lead to grandma not getting her social security check and the weak recovery we have been under will bottom out. Then 9% unemployment would be seen as the good old days.