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Cross posted from Hillbilly Report.

Now that the "fiscal cliff" dive has been diverted without Republicans being allowed to pick Medicare and Social Security clean the Senator for Communist China Mitch McConnell is fuming. He was forced to raise taxes on a few folks like himself and lost a huge opportunity to steal from more working and retired Americans. He did not get to raise the Medicare age, the Social Security age and did not even get to gut benefits for current retirees. Yes, all in all it was a very bad deal for Mitch McConnell and the party of greed and idiocy he "leads".

Now that opportunity to strip away the social safety net that has helped millions of Americans keep their head above water is fading McConnell is swearing to use the debt ceiling fight as his new vehicle to stick it to those who are less fortunate than he is.

That is why he is insisting now that he will refuse to budge on new, needed revenues and will instead insist on spending cuts to raise the debt ceiling:

“The tax issue is, finished, over, completed. That’s behind us now. The question is: what are we going to do about the biggest problem confronting us and our future,” McConnell said.
http://thehill.com/...

True to form, McConnell promised that nothing else will be allowed to be addressed until he can strip at least some of our nation's social safety net away from it's citizens:

McConnell, though, said he expected lawmakers’ focus to be on spending and that other issues including gun control, will likely see no action for the first few months of the year.

“None of these issues are going to have the priority that spending and debt are going to have,” McConnell said. “That’s going to dominate the discussion in Congress for the next two or three months at least.”

The Senator for Communist China on ABC This Week:

And while we agree that spending and waste should be addressed around here we question what spending and debt McConnell will address. He will not tax companies that send American jobs overseas or strip their subsidies. He will not call for the end to subsidies to big oil, who keep fleecing Americans at the pump. He will not call for an end to aid to corporations that pay Americans minimum wage or to curb any useless defense spending.

What he will insist on is to start phasing out Social Security for younger Americans by raising the retirement age yet again. Or he will insist on cutting benefits for current and future retirees by the "chained CPI". After all, President Obama himself lobbed that softball at McConnell. He will gut food stamps, mortgage credits, unemployment and anything else that has helped those Americans who have been left behind by the constant redistribution of wealth to the top over the last several decades McConnell has spearheaded.

However, the leader of the Democrats in the House Nancy Pelosi shot back at McConnell about both taxes and entitlement reform as well as using the debt ceiling for leverage:

"In this legislation we had $620 billion, very significant … changing the high-end tax rate to 39.6 percent. But that is not enough on the revenue side," Pelosi told CBS's Bob Schieffer in an interview taped Friday.

Without offering many specifics, the California Democrat said she wants to scour the tax code for unnecessary loopholes and "unfair" benefits that help those – either companies or individuals – who don't need it.

On entitlements, Pelosi drew a line against raising Medicare's eligibility age or cutting Social Security benefits. But she left the door open to additional means testing under Medicare.

"I think you and I could probably afford to pay a little more for a deductible or a co-pay or something like that," she told Schieffer.

http://thehill.com/...

She went on to point out the obvious:

Pelosi also took a few shots at Republicans, blaming the rightward shift of their party for the partisanship in Washington's current political environment. She said the GOP is now "dominated by an element that are anti-government ideologues" who are "committed to not cooperating with this president."
The video:

The bottom line is Mitch McConnell is the leader of a zealous bunch of radicals. They have used "Trickle-Down" economics and outsourcing to pick our country clean. They hate government because it makes rules and laws to at least attempt to keep them from doing whatever the hell they see fit in dealing with their fellow Americans.

We can find plenty of ways to cut spending. The one thing I hope Americans of all generations realize is that none of us can afford to let Mitch McConnell, his Republican Party or anyone else get their hands on the Social Security and Medicare that is paid for by and promised to all Americans.

Originally posted to RDemocrat on Mon Jan 07, 2013 at 01:34 PM PST.

Also republished by Social Security Defenders.

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Comment Preferences

  •  Every dollar is nothing but a certified IOU. (1+ / 0-)
    Recommended by:
    RDemocrat

    In that sense, it is not very different from a certificate of marriage. Debts/obligations, whether monetary or marital, exist regardless of official recognition. However, certification does make marriages more durable and monetary obligations tradeable. Money makes it possible to pass our debts around.
    Currency is a figment of the imagination, as are obligations. And, as such, they are virtually limitless. Moreover, as societies become more sophisticated, the network of obligations increases. So, for the Congress to set an artificial cap is nonsensical.
    Besides, the Congress is tasked with issuing and managing the currency. Delegating that task to a quasi-private bank does not relieve them of that obligation. Nor is there any justification for rationing the currency.  Not to mention that rationing almost always prompts hoarding by people who are inclined that way. So, the Congress rationing certificates of obligation is doubly injurious.
    Since dollars are intrinsically worthless, just like our marriage certificates, it could be argued that the quantity available is not particularly important. But, without the record-keeping money facilitates, our trades and exchanges are significantly hindered by having to rely on our memories.
    For a comparable situation, consider speech. While it is completely possible to communicate with the spoken word alone, the written word makes a better record, travels farther and lasts longer.

    If the Congress did not make the currency artificially scarce, the bankers would not be able to lend at a premium, nor would it be possible to speculate for profit.
    In the olden days, reading and writing used to be restricted to the scribes, a special class. Now that currency is no longer tied to gold to make it scarce, the Congress has taken up rationing something that should be in plentiful supply. It makes sense, but it isn't right. It's our money and its value rests entirely on the good faith and credit of the American people.

    We organize governments to deliver services and prevent abuse.

    by hannah on Mon Jan 07, 2013 at 02:04:58 PM PST

  •  More theater of the stupid (1+ / 0-)
    Recommended by:
    RDemocrat

    The up coming pissing contest over  increasing the current debt limit is one superbly suited for production by the Congressional Kabuki Theater Troupe, whose  performances  have become more tiresome than reruns of Chuck Norris in“Texas Rangers”.  
    President Obama can pull the curtain down on the performance by invoking the 14th Amendment.  The 14th does not allow for negotiating on the national debt –  a debt incurred by the US gov. is based on the full faith and credit of the US  government.  The increase is necessary to meet the obligations already incurred.  Not honoring those obligations will effect our ability to enter into any financial agreement with other nations.

    The up coming pissing contest over  increasing the current debt limit is one superbly suited for production by the Congressional Kabuki Theater Troupe,  whose  performances  have become more tiresome than reruns of Chuck Norris in“Texas Rangers”.  President Obama can pull the curtain down on the performance by invoking the 14th Amendment.  The 14th does not allow for negotiating on the national debt –  a debt incurred by the US gov. is based on the full faith and credit of the US  government.  The increase is necessary to meet the obligations already incurred.  Not honoring those obligations will effect our ability to enter into any financial agreement with other nations.

    Section 4. 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 knowledge can create problems, it is not through ignorance that we can solve them. Isaac Asimov (8.25 / -5.64}

    by carver on Mon Jan 07, 2013 at 03:17:56 PM PST

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