"The Democrats are simply against the idea that the burden of fiscal reform should be placed solely on the backs of the most vulnerable while leaving the financially advantaged entirely unaffected. " Code: buy your voting constituency with other people's money. Just like the Dream Act. "Social Justice" Republicans do it with tax breaks - that's how they buy their constituency.
Not so. She says that a default can be avoided even if the ceiling is not raised. She has the numbers to prove it. We can pay interest, SS and medicare easily. Obama and that lying weasel Geithner are just playing the traditional Washington game of threatening to close the most important programs if they don't get their way, instead of prioritizing like normal businesspeople would do. There is even a name for it, coined decades ago: "the Washington Monument ploy." Close the monuments to scare the rubes into thinking the shit has really hit the fan, and also to punish them for their impertinence. The polls are showing that the voters have seen though it this time and aren't falling for any more phony crisis scenarios.
Granted, she has a shallow and vacuous stare in her eyes, and she is way too chipper and energetic to be considered normal. But, any reasonable person would have to admit that she does indeed have the chops for such a statement: From wikipedia: In 1979, Bachmann was a member of the first class of the O.W. Coburn School of Law, a part of Oral Roberts University (ORU).[11] In 1986 she received a J.D. degree from Oral Roberts University. She was a member of the final graduating class of the law school at ORU, and was part of a group of faculty, staff, and students who moved the ORU law school library to what is now Regent University.[13] In 1988, Bachmann received an LL.M. degree in tax law from the William & Mary School of Law.[14][15] From 1988 to 1993, she was an attorney working for the Internal Revenue Service (IRS).[16] She left her position with the IRS to become a full-time mother[17] when her fourth child was born.[18]
Obama has moved to the center, offering beginning cuts that in a saner time reasonable Republicans would have accepted. The problem is that Republicans are no longer reasonable. They're captured by their fealty to Grover Norquist and a "no new taxes" pledge. They might as well be zombies. Holding the debt limit hostage to their rigid ideology can only result in harm to the hostage - only the hostage is the American public. If their is a default the Republican Party as have know it may well be destroyed. McConnell realizes this.
What is he offering in terms of net cuts not offset by his proposed tax increases/revenue enhancements ? The core issue is that Obama hasn't really proposed anything tangible - like the stimulus plan and Health Care, he is outsourcing everything to Reid and Pelosi with the same predictable outcomes.
It was a wonderful idea while it lasted. Now USA faces economic stagnation, for years. Keynesian model only works with high econ. output. I have been forced to toss my old Samuelson econ. textbooks out of the window. Question remains, what comes next. Titsuckers>Outputters=shtf.
If you want the definition of "keynesian economics", look in the dictionary under "fail" and you will see a picture of Obama, Bernanke, and Keynes doing a circle jerk, and using freshly printed 100 dollar bills to clean up after themselves.