America going for broke

Blue Collar Man

Ronald Reagan’s September 26, 1987 radio address


Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world

blue collar man Eric Canor: nice suit


America: Going for Broke

The one time beacon of the world seems to be burning out. Fortunately the 112th Congress was on the case and I don’t know about you but I feel better already. Much to the chagrin of its citizens, the House of Representatives took this too literally. On the 15th of July in the year of our Lord being 2011, those sent to Washington made a decision. In their infinite wisdom they decided to withhold funding to enforce a law passed in 2007 toward increasing the efficiency of light bulbs. We The People should be very concerned with respect to the dimwits, not the dimness of incandescence vs. Fluorescent.

If you’re fortunate enough to laugh that off, eventually one has to ask … Who are these guys? The short answer is they are the one’s willing to put “We the People” behind money, political parties and the National future agenda. They are the privileged sell outs. The only blue collar they’re intimately familiar with is under their $1,000 custom made suits. The solution to this problem can only be resolved when the almighty dollar is taken out of the political mix. Then again, the term the almighty dollar is quite comical in itself.

The latest distraction from the National Jobs crisis is the Debt Ceiling debacle. This is nothing more than a fabrication to divert attention away from putting America back to work. Someone correct me if I’m misguided but I looked and I looked through the Constitution of the United States, and I could not find a word regarding the Debt Ceiling being raised. In fact, the only item related to Debt was in the 14th Amendment which essentially states the country shall pay its debts. One has to ask, where are the roots of this self destructive behavior which could essentially destroy millions of families living on the brink…You know paycheck to paycheck? If the United States makes the choice of not passing this Debt Ceiling, interest rates will rise for all those carrying any form of debt. We must look back to the year of our Lord of 1917. It seems the Second Liberty Bond Act helped finance our nation’s entry toward fighting World War 1. You may say to yourself, well it was a World War, it seems justified. Given the fact America loves tradition; I suppose the conventional wisdom was to continue this practice. By my count it has been passed by Congress 77 times since without incident.

In all seriousness, what could possibly go wrong? It’s strictly a formality because no American would place any priority above the best interest of our Nation. Of course, the House Majority Leader Mr. Eric Cantor does hold a short position in the bond market which could be incredibly lucrative if the U.S. defaults; but lest we shall confuse that with a conflict of interest or misplaced priorities. The guy has to live right?

…But seriously now folks, we the People don’t really care about getting money out of politics…And We the People know the Debt Ceiling distraction is nothing more than political theater to initiate social change toward citizen entitlement programs. The smart money knows it far more important to spend more cash toward building infrastructure in Afghanistan and Iraq than here at home. This is America. What we the people care about is who going to be voted off next on Survivor and American Idol. If I’m misguided please correct me. Besides we have the vote, the ultimate veto power for Washingtonians gone amuck. Well folks, don’t look now but multiple states are making it increasingly more difficult for we the people to employ that particular veto.

Maybe we should just change the Year of our Lord to 1. If it has not been evident before, it sure is evident now. Green, scratch, cold hard cash; the almighty dollar has clearly become God.


"The out-of-power party is always for fiscal responsibility. Because the out-of-power-party cant control the spending agenda anyway, so why not try to inhibit your oppositions spending agenda by demanding fiscal restraint?"   Veronique de Rugy
"The out-of-power party is always for fiscal responsibility. Because the out-of-power-party cant control the spending agenda anyway, so why not try to inhibit your oppositions spending agenda by demanding fiscal restraint?" Veronique de Rugy | Source

Comments 18 comments

gjfalcone profile image

gjfalcone 4 years ago from Gilbert, Arizona Author

Thanks for your comments


gjfalcone profile image

gjfalcone 4 years ago from Gilbert, Arizona Author

Hello my dear friend from the beautiful Magnolia state of Louisiana. I pray all is well with your loving family. Thanks for checking in. I look forward to hearing from you always. May God Bless You and Yours . gjf


stars439 profile image

stars439 4 years ago from Louisiana, The Magnolia and Pelican State.

Dear gifalcone : Good hub. And God Bless You. Your allright by me.


gjfalcone profile image

gjfalcone 4 years ago from Gilbert, Arizona Author

Gokhale Pramod, Thank you for the read, comments and critique.

If I disagree with a Nobel winning Economist I suppose I must accept that fact. I'm always interesting in becoming educated and I shall learn from the informaton you have provided.

"American Nobel winner Economist Mr.Joseph Stiglitz warned longback to regulate economy and advocating global governance and reserves to stabilise global economy."

Wouldn't you say, this course of action was implemented and the result is how we reached this station of Economic stagnancy?


Gokhale Pramod 4 years ago

Hi Gjfalcone,

Sir,

Being an American you are doing fact finding of the crisis and straightforward attitude that attracted me but American Nobel winner Economist Mr.Joseph Stiglitz warned longback to regulate economy and advocating global governance and reserves to stabilise global economy.


gjfalcone profile image

gjfalcone 4 years ago from Gilbert, Arizona Author

Thank you for your kind words and comments. No need to apologize for going on & on. In fact, since I began this writing process, my Blood Pressure has gone down significantly. I suppose it is a stress relief. Now I cut my BP pills in half. Go figure eh? Glad you stopped by, do so again real soon, I'll do the same. God Bless America!


PurvisBobbi44 profile image

PurvisBobbi44 4 years ago from Florida

Hi,

Very good political hub.Yes,our government has hurt the American people, and it is not over yet. Globalization, Outsourcing American Jobs, and they wonder why we have a high rate of of unemployment; because American Companies are now overseas giving our jobs to others for cheaper pay. I am sorry for going on, but I hate absurdity in all forms. I voted up and awesome.

Bobbi


myrtle McKinley profile image

myrtle McKinley 4 years ago

Hi gifalcone,

Wonderful hub. We are being held hostage, and the almighty dollar has become more important than God.

I look forward to reading all of your hubs. I too, am a Dickens fan, and I love your quotes in your profile.

I am new to hubbing, and would appreciate you taking the time to check me out. Thanks, Myrtle


gjfalcone profile image

gjfalcone 5 years ago from Gilbert, Arizona Author

Peter thanks for your comments,

I haven't heard that phrase in a long time. Funny thing, truer words; never spoken. Come to think of it, you may be onto something there Peter. Send them packing as they're doing in Wisconsin...Recall!


PETER LUMETTA profile image

PETER LUMETTA 5 years ago from KENAI, ALAKSA

This incredibly stupid fight has nothing really to do with raising the debt ceiling, this is just an old fashioned pissing contest. They are all trying to show each other that they can piss farther than the others. Testosterone and male egos = fights for whatever. I think a good idea would be to send all the men home and have their wives sit in for them and we would probably get this thing done in a day.

Good HUB,

Peter


gjfalcone profile image

gjfalcone 5 years ago from Gilbert, Arizona Author

FJ,

I do what I can for the people of the great state of Virginia, birthplace of Presidents. See the chart added. Your conclusion seems to be in line with the conventional wisdom on how business is done and the accepted logic supporting the party line votes. Keep in touch. gjf


FitnezzJim profile image

FitnezzJim 5 years ago from Fredericksburg, Virginia

Thanks. Good information, and relevant to folks around where I live. Cantor represents many folks near here, so this is of interest to them. Folks here have a tendency to object strongly if their representatives provide indications of allegiance to something other than their constituency, but, we also have a cycnical understanding of how information gets presented by the press (on either side).

As for the other, it was the chart I was interested in, since it appears to indicate that these votes to raise debt ceiling are along strict party lines, indicating allegiance to party rather than allegiance to constituency or States legislature, who they are supposed to represent.

The appearance that 'party rules' runs contrary to what our forefathers (many from Virginia) intended for our form of government. The House belongs to the people, the Senate belongs to the States. When votes occur along strict party lines, and States end up suing in conflict with the votes of their Senators, then the basics of our government have been fundamentally changed and need to be restored. Hence my interest in data that indicates restoration is needed.


gjfalcone profile image

gjfalcone 5 years ago from Gilbert, Arizona Author

Junko,

Being quoted by Junko; if I may return the favor? I'd like to Thank you for educating me regarding your account of Hurricane Katrina.

"A Backward Underclass View at Katrina" is seared in my memory. They can steal my body, but I'll keep my soul.


junko profile image

junko 5 years ago

gjfalcone, Green,Scratch,Cold Hard Cash, and the almighty Dollar, can buy alot of mis and dis information. Money can create any illusion and buy most people body and soul. It is truly the root of all evil. vote up and useful.


gjfalcone profile image

gjfalcone 5 years ago from Gilbert, Arizona Author

Mr. FitnezzJim,

Wall Street Journal, June 28th, 2011....Quote

" Mr. Cantor, who walked out of debt discussions with Vice President Joe Biden last week, owns up to $15,000 in shares of the ProShares Trust Ultrashort 20+ Year Treasury ETF, Salon notes today, updating a Wall Street Journal report on this from last year."

Also Think Progress, The Nation and The Huffington Post have articles similar to the Journal article.Depending on your political reading preference I hope that covers it.

About.com: U.S. Government Info; provides a list of dates throughout history the Debt Ceiling has been raised. I counted 77. If it is the graph image of which you refer, I believe it is the Tax Policy Center which is a non partisan venture consisting of the Urban Institute and the Brookings Institute. Thx FJ


FitnezzJim profile image

FitnezzJim 5 years ago from Fredericksburg, Virginia

Curious, what is the source for Cantors position in the Bond Market?

And, I could not make out the source for your data on the prior House and Seante votes. That looks like it would be interesting to take a closer look at. It looks like more hard data that could easily be interpreted as an indicator that those who represent us hold more allegiance to their party than to their constituency or state.


gjfalcone profile image

gjfalcone 5 years ago from Gilbert, Arizona Author

H,

My friend from Jersey. Read your budget. You put alot of effort into that man. It was incredibly lucid. I take it you do not possess the wherewithall to run for political office. And that's a shame because like me I know you believe Congress should be more than just a good gig.

Godspeed and thx for the kudos. Looking forward to your next piece of work. Sincerely, gjf


HSchneider 5 years ago from Parsippany, New Jersey

Awesome Hub GJFalcone. These clowns have totally lost their minds. Eric Cantor is playing pure politics. He can taste Speaker Boehner's job. That's all he wants. I am almost finished with a Hub on this. The light bulb issue is even more ridiculous. How can a party be held hostage to one man, Grover Norquist. Then hold their own country hostage. I have never seen anything like this. It is such a sad state of affairs and it makes us a laughingstock to the world.

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