ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

DEBT CEILING TALKS.

Updated on July 13, 2011

Not a dancing matter.

Now, we all know that, if the debt ceiling is not raised in time to avoid default, the whole country will suffer.

Therefore, it is not a joke that negotiators on both sides of the issue are still pussyfooting and calling the talks to be moved from day to day. Every second that goes by brings uneasiness to many Americans. They are urging Democrats and Republicans to agree on a compromise that will not push the economy into a way that will be more destructive beyond repair.

That is, if the debt ceiling controversy is not dealt with sufficiently enough, the mighty dollar will decline, interest rates will go up, unemployment will stay high, if not increase. The uncertainty surrounding the whole thing will drive investors away, causing the stock market and other financial institutions to falter and become disoriented and unmanageable. The deficit will become enlarged in the end, and that will make matters even worse for the United States.

However, the effects will not stop at its borders, but they will impact the larger global economy in so many negative ways, and thus finally destroy America's reputation as a reliant trading concern and partner.

The omens are pretty awful to compel business associations to send a letter to negotiators, asking them to put aside "hard-line partisan positions" and come to a compromise.

"Our political leaders must agree to a plan to substantially reduce our long-term budget deficits with a goal of at least stabilizing our nation's debt as a percentage of GDP (gross domestic product) -- which will entail difficult choices," said the letter from the Chamber of Commerce, the Business Roundtable, the Financial Services Forum, the National Association of Manufacturers and the Partnership for New York City. (CNN Report, 7/13/11).

Indications from every angle point to the fact that the country is headed for more financial backlog that will take many years to dissipate or to be cleared up; and it will have left the already fragile economy in a bad state than before the beginning of the negotiations.

All because of the obstinate pride of a handful of politicians, who do not want the Obama administration to succeed.

Some media pundits are also playing a foolish game on the sidelines, calling President Barack Obama's position a bluff; and that there is enough money to meet all important government obligations, but just a few that can wait. What?

Fox News Special Report is guilty of presenting folks, who think that they are smarter and more conversant with the government's dealings than the government itself. That must stop instantly, as the negotiations have reached a point where the stakes are high; and as a result, tensions are also very high. Any such stupid comments on the part of these pundits and News Contributors will not help at all.

The stalemate must be broken to allow the nation to breathe freely once again. Besides, the talks have nothing to do with "dancing", as a senior Republican participant is quoted to say. Suggesting anything as trivial is unrealistic; they (talks) are more serious than that.

"Senator Graham said if the debt ceiling is not raised, it would be “a disaster.”". (ABC News, 7/13/11).

People must put that in their pipes and smoke it.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)