National Debt Ceiling

The MAGA Republican Agenda Must Be Resisted By Biden And Democrats!

The MAGA Republicans who now control the House of Representatives under Speaker of the House Kevin McCarthy, and also have influence over some of the minority Republican contingent in the US Senate, have declared war on common decency.

Joe Biden, the Democratic Senate majority and the minority House Democratic caucus under the leadership of Hakeem Jeffries have their work cut out for them to resist and defy the lunatics who are wishing to impose their agenda on the nation.

The Republicans want to negotiate over the debt ceiling when it is their party that has added most of the national debt under Republican Presidents, and specifically, Ronald Reagan, George W. Bush, and most egregiously, Donald Trump, in their mad quest to cut taxes for the super wealthy who do not need tax cuts, and never pay an adequate tax rate.

They have no concern over the damage that would be wrought on the American and worldwide economy by holding the debt ceiling as hostage, when it covers past Congressional actions that were enacted, so it shows that they are deadbeats when it comes to payment of financial obligations. The debt limit has been raised more times than years in the past multiple decades, and without question when the Republicans controlled both chambers of Congress!

And they wish to destroy the Internal Revenue Service, and instead of income taxes, tax everyone a flat rate of 30 percent sales tax on all purchases and expenses, an idea that will destroy the middle class and the poor, and greatly benefit the wealthy, absolutely outrageous!

The Republicans also want to make massive cuts to Social Security, Medicare, Medicaid, food stamps, veterans benefits, calling them “entitlements”, when taxpayers pay for these programs in their years of paying taxes, so to cut is an outrage!

Republicans are also declaring war on the need for environmental reforms to deal with climate change; to promote “clean energy”; wanting to cut national parks and conservation lands and sell them to industrial interests; necessary investment in infrastructure; along with wanting to cut the meager investment in National Public Radio and PBS, undermining the concept of educating the American public with a miniscule investment of public funds!

The Democrats need to counter the Republicans by insisting on such programs as the following:

An increase in the minimum wage, and indexed to inflation

A significant tax increase on the wealthy

Expand Medicaid under the Affordable Care Act (Obamacare) to states that have not expanded Medicaid, mostly in the South, and including the megastates of Florida and Texas

Universal Pre-K for children under the age of five

A national paid family leave program

A permanent expansion of the child tax credit

And a “compromise” might be a smaller tax increase on the wealthy, and a slower increase in the national minimum wage over a longer period of time, but in exchange, the Republicans would stop holding as hostages the national debt that they mostly created without concern.

The Republicans claim to be “pro life”, and yet they show no concern for the welfare of American children who are not from wealthy families, and refuse to consider gun regulations as more and escalating numbers of mass murders occur, with 41 such incidents in the first 27 days of 2023!

A Crucial Month For Joe Biden And America!

The month of September is an extremely crucial month for the Joe Biden Presidency.

The issue of expansion of the national debt ceiling is essential.

So is how to bring about the two Infrastructure bills the administration has been promoting, one bipartisan and one by “reconciliation”.

Also, the need to deal with voting rights legislation; abortion rights guarantees to continue; the climate change crisis; the COVID-19 pandemic that continues to spread; and working to reform the Supreme Court and the filibuster.

Realistically, not all of these can be resolved that quickly, but progress is essential, as accomplishing change will not be easier in an election year, with the midterm elections of 2022!

14th Amendment Celebrates 143rd Anniversary: Time For President Obama To Utilize It To Save The American Economy From Disaster!

Today in the year 1868, the 14th Amendment to the Constitution, arguably the most important amendment other than the first ten (The Bill Of Rights), was adopted and added to the Constitution.

It gave African Americans citizenship, and pledged that no state could deprive anyone of life, liberty, and property, or deny equal protection of the laws. It also provided for the concept that all federal debts were to be paid by the government without any question as to their legitimacy.

Who would think that 143 years later, it is precisely this Section 4 of the 14th Amendment which can, if President Obama invokes it, save the nation from economic disaster by providing for a raising of the debt ceiling, taking away that authority from a reckless, irresponsible Republican majority in the House of Representatives, who as the author writes, still cannot get a majority to take responsibility for past debts that MUST be repaid to keep the good faith and credit of the United States government to bond holders and domestic and foreign investors!

Obama MUST take action, and should not wait any longer!

This is a moment which will define his Presidency in history, and he must assert his executive authority, and to hell with the radical Tea Party anarchists!

Let them try to impeach him, and the nation will arise in anger and throw these damn whackos out of power as equivalent of terrorists against the American people, not concerning themselves with their welfare and security!

These Tea Party radicals are NOT keeping their oath of office, and should be righteously thrown out of office by their ears, and told we are not going to tolerate this lunatic extremism, which has no concern for average Americans, and only speaks for the rich and the powerful forces which financed their gaining power by propagandizing among gullible Americans who have no clue as to the long term damage this radical anarchistic group is perpetrating on us, their victims!

America’s reputation and economic stability hangs in the balance, and we should all say a prayer, even if not religious, that Barack Obama has the courage and the conviction to do the right thing and save us from what might rank as one of the most dangerous moments of crisis in all of American history since independence in 1776!

14th Amendment, Section 4: The Constitutional Solution To The National Debt Ceiling Crisis!

The Republican Party loves to use the Constitution in an abusive way to prove its points and its agenda.

This includes the demagoguery to refuse to agree to any tax increases to deal with the national debt and the debt ceiling!

Well, now, Bruce Bartlett, a former financial adviser and senior policy analyst to President Ronald Reagan, has pointed out that the 14th Amendment, Section 4, solves the issue as it states:

“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”

If that is the case, and many constitutional specialists believe that is so, then the argument is that the President of the United States can decide to so declare after all negotiations have been attempted and failed, and that would resolve the issue, and insure that all pensions and payments would be made no matter what the national debt becomes, rather than the constant threats, politics, and blackmail that the opposition constantly employs!

And the answer is that the American people, including the wealthy among us, will have to face reality that taxes are going to go up, in order to promote economic stability and growth, and that this is the price of keeping our freedom and liberty, to be socially responsible to the needs of a nation of more than 300 million in the early 21st century!