Debt Ceiling - let me see if I get this right

[febo]

The Dems and Reps are perfoming a pure fiction, manufacturing some kind of crisis. The media everywhere is swallowing it - even the critcal blogosphere is kinda silent, foxed you might say.
So why the kabuki?
This shadowplay is about (re-)manufacturing consent for the current left / right narrative-definition that is key to maintaining the wobbling status quo. The debt ceiling "showdown" is a joint dem-GOP cOvert attack on the tea party and also - but separately- on Ron Paul.
RP clearly interprets the situation for us - its a storm in a tea cup , a forgone conclusion, will not impinge on holiday plans... to curious silence.
I'd like to see RP get aggressive on this - he needs to be attacking/forcefully educating the GOP and the Dems equally - we have such thick skulls. This so called crisis is pure noise meant to distract from reality to clog up the airwaves.
If he makes enough noise RP will refute the attempt to write-out the Tea Party and himself from the debate. He will expose the shallowness of the establishment. He will also have an opportunity to ally with and win over some of the Tea Party itself.

I've noticed a lot of the tea party is crazy or Ron Paul is a nut job in the last couple of weeks, all part of this campaign - and a pretty clever one it is.

 

[acptulsa]

Oh, the 'crisis' is not entirely without substance. The government enjoying faith and credit is no bad thing, especially for a nation as large and important as ours. But the rhetoric is abhorrent.

The short term crisis seems to be all the media can see. If we don't raise our credit limit, our drunken sailor spending will soon cause our credit rating to go down, and we might indeed need to sell more bonds, so that wouldn't be good. Also, having Social Security checks bounce would be no good thing. People who have paid into that all their lives without other choices do deserve better. That said, any government that would let those checks bounce yet pay defense contractors and not furlough bureaucrats doesn't deserve to govern.

And, in the end, the financial crisis that is to come when we can no longer service the debt because interest payments are bigger alone than the entire 1980 federal budget will be far, far nastier than this short term threat. And those who don't see that are in denial. Sooner or later, a drunken sailor has to cut up his credit card and be content to spend his nights in ports of calls getting by on what he actually has in his pocket. Sooner or later. Or he'll die in debt.

And no, saying it's ok to spend like a drunken sailor while our party is in power but not when their party is in power is no solution to the problem.

 

[Jake Ralston]

This so called crisis is pure noise meant to distract from reality to clog up the airwaves.

Not exactly. The crisis is very real. But the establishment is not admitting fault nor blame for allowing it to get this far. RP and a select few have been warning of this crisis for decades while the establishment was literally laughing and mocking.

Are they clogging up airwaves to distract us from things? Of course.

Case in point, Obama is sending 20,000 troops to deal with "dissenters" and "chaos" that might (or will) rise up from the coming collapse of our economy and the dollar. While that should be headline news, it is not. Most Americans aren't even aware.

So in essence, the answer to your statement is both yes and yes. The crisis is real, and as always, they are using it to cover up other illegal things.