Tag Archives: deficit ceiling

Debt ceiling deal: A solution in search of a problem

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Clipart of a hand shakeJust 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.
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Debt ceiling “crisis” is actually a tyranny of the money majority

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Image of a bounced checkAs 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.
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