Reposted from The Swash Zone by the estimable (O)CT(O)PUS:
First, let’s dispense with an outrageous lie. The current debt under discussion is REPUBLICAN DEBT authorized by Congress and signed into law by former President George W. Bush. The debt in question covers bills that have come due … from two unfunded wars, from unfunded tax cuts and tax loopholes that have benefited the wealthy and ravaged the middle class, from gross mismanagement of the nation’s economy under Republican supply side bullshit.
Over two years ago, I tried to make a point under this post, Lets Go Viral, dated April 17, 2009. I find this date especially curious. On April 17, 2009, President Obama was a newly elected president scarcely 3 months in office. From the beginning, as you can see from my original post, the Tea Thug Party was already organized and marching to the orders of Rush Limbaugh who said, “I hope he fails” – uttered on January 16, 2009 - four days BEFORE President Obama took the oath of office.
My point: Even from the beginning, the Republicans were hell-bent on sabotaging the Obama presidency. For the two years and three months that have elapsed since my original post, Obama has been battered and abused with non-stop vitriol, defamation, outright racism, and endless filibusters from far right wing Republicans (who have transformed their party into a proto-fascist movement that places political ambition above the national interest).
Two years and three months ago, the national debt stood at eleven trillion dollars, nine trillion of which was amassed under Republican administrations – representing 82% of total debt. As of this month, July 14, 2011, the national debt stands at fourteen trillion dollars, of which nine trillion was amassed under Republican administrations – representing 64% of total debt. Yet, the Republicans continue to repeat the same dishonest trope about tax-and-spend liberals. Despite the $750 Billion TARP bailout started under Bush, and the $730 Billion economic stimulus bill to prevent economic collapse, Republicans remain the all-time champions of deficit spending:
64% OF OUR NATIONAL DEBT
WAS SPENT BY REPUBLICANS
(AS OF BASTILLE DAY 2011)
Lets dispense with outrageous lie number two: Last night on MSNBC news, Judson Phillips, founder of the Tea Party Nation, said rich people deserve to have tax breaks because it is rich people who create jobs.
Total bullshit. Rich people do not create jobs, never have and never will. Producers will hire only when there is demand for their goods and services. No consumer spending means no business confidence means no job growth. It is as simple as that, unless you are Judson Phillips, a self-styled spokesperson for corporate proto-fascists. When you impoverish the poor and the middle class, you have choked the engine that drives business expansion. Consumers create jobs when they create demand for goods and services, always have and always will.
Last year, Tea Thug Republicans ran on a platform of jobs, jobs, jobs. Since the new legislative session in January, Democrats have sponsored seven jobs bills, as follows (source):
- A bill to end government contracts that reward corporations for shipping American jobs overseas.
- The Build America Bonds Act – a bill that leverages public dollars to strengthen private sector investment in schools, hospitals, and transit projects.
- The American Jobs Matter Act – a bill that would give preference in federal contracts to U.S. manufacturers that create jobs at home.
- The National Manufacturing Strategy Act, which calls on the President to develop plans and policies to help American manufacturers compete and grow in the global trading environment.
- The Advanced Vehicle Manufacturing Technology Act – a research and investment bill to help ensure that the cars of the future are built in America.
- The Currency Reform Fair Trade Act - provides our government with tools to address unfair currency manipulation. According to estimates, the bill would have created over 1 million manufacturing jobs by leveling the international playing field for American workers and companies.
- A bill to promote jobs and innovation at home by offering incentives to patent holders who pledge to develop and manufacture innovative new products in the United States.
All of the aforementioned bills were voted down by Republicans. How many job creation bills have the Republican introduced since January? NONE, NADA, ZIP. Their idea of shrinking the deficit is sabotaging the country. For what? Their stinking political ambition!
UPDATE ON DEBT CEILING REPOSTED FROM "THE FEILD NEGRO'S" BLOG:
"Eric Cantor said O got angry and stormed out of the debt ceiling talks.(Because we all know that you Negroes-even the half ones-can't keep your tempers in check.)
"The President lost his temper and abruptly ended the meeting by walking out of the room." Ahhhh, poor Eric. The mean black man walked out on you? Well stop interrupting him when he is trying to talk next time.
Anyway, it so happens that Cantor's account of what happened isn't even true.
(A republiclown lying. So what else is new?) "... a Democrat offered a different view to the Los Angeles Times: “Left abruptly is perfectly fair," said the official. "But the meeting was over—in no sense did he walk out on it." Hmmm, I wonder who I am going to believe? I will give you a hint; it ain't the people who got us into this mess in the first place. "