Posted by: Ed Tittel
no end to brinksmanship on debt ceiling in sight, Republican cant does little to address raising the debt ceiling
The Hon Mr Carter and his response do not leave me warm and fuzzy
To my complete and utter amazement, I actually got a response from my Texas Congressman, John R. Carter, to my email about the need to get past partisan bickering and ideological grandstanding and increase the budget debt ceiling. Alas, however, that response does not fill me with joy, nor does it raise my hopes about a workable solution to this crisis.
Here are the paragraphs from his canned response that garnered the bulk of my attention, as outstanding examples of political doublespeak:
The United States has financial obligations, and it is unacceptable not to honor those commitments. Failing to win the necessary concessions on spending cuts would be detrimental to America’s future. That said, failing to raise the statutory debt limit would catastrophic to the world economy and would immediately and irreversibly weaken the full faith and credit of the United States. Fortunately, the United States has always paid its debts and remains in good financial standing with other countries, and we must make sure this good standing continues. However we must use this opportunity to ensure drastic spending cuts and reform Washington.
I will continue to fight for an economic agenda which reflects my principles as a fiscal conservative, emphasizing the value of common sense expenditures, and reforming wasteful government spending. Please know that I am committed to balancing our budget, reforming government spending, and reducing the deficit. Once again, thank you for taking the time to contact me. Please do not hesitate to do so in the future if I can be of any further assistance.
It looks like he understands full well that the USA must honor its financial obligation on the debt, but the message states flatly that ‘Washington spends too much and does not tax too little’ (my paraphrase) and that “The best way to increase revenue is to decrease the unemployment rate.” If anything, I am even more antsy about our prospects for a solution than I was before I started down this road.
Until SMBs know what the government is going to do, and are assured that markets aren’t going to crash, and interest rates skyrocket, they’re not hiring anybody. And until we get the debt crisis solved, it’s likely to stay that way. I could give the proverbial rodent’s hindquarters if we balance the buget, but I sure as heck don’t want to see the markets crash, and my retirement savings get decimated yet again, as they did after the .dot bomb debacle and then again in 2008.