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Can You Handle The Truth?: What The Public Doesn’t Understand About The Debt Ceiling

When a CBS reporter asked President Obama why a  recent poll shows that 69% of Americans don’t want the debt ceiling lifted, he responded by stating that “professional politicians understand the  debt crisis better than the general public.” As I heard the words come from his lips, I knew there would be outrage  on the right, and the left and certainly the right again!

The problem is, the president was right; ahem,  correct.

When posed with the question, “If you have a credit  limit and have  maxed out your credit card, should you raise your credit limit  so you  can spend more?”   Americans  respond with a resounding “NO!” as would I  if that were the question.

But here is the real question:

As an American, did you know if we do not raise the  debt ceiling and  go into default, that thousands of Americans will lose their  jobs? And  a 9% unemployment rate will be something you’ll hope for? Or that   programs like Homeland Security will be cut which I’m sure will make any   terrorist organization smile.

How about home owners and small business owners  longing for the  days of 2008? And that double dip recession the Republicans  were trying  to scare you about? Well, it certainly would happen. Speaking of   money, our bonds will be worthless; and if you think that TARP and the  bailout  were bad, that’s just an appetizer for the domino effect not  raising the debt  ceiling would have on Wall Street, perhaps worldwide;  just look at what  happened with Greece.

I mentioned that the president was right when he  said Americans  don’t know as much about the debt ceiling crisis as a  professional  politician; and I do believe that.   When some of the nation was  outraged or offended by his remark, I could  hear Jack Nicholson saying,  “The truth, you can’t handle the truth!!”

We need only   look at our own television viewing habits to see  evidence to support the president’s rhetoric.  Let’s take a  little  quiz shall we?

  1. Were  the Bush tax credits meant to last forever?  Answer: No, just ask the authors of the  legislation.
  2. When  is the president planning on removing those temporary  credits? Answer: 2013 and  beyond, not a massive tax cut taking place in  August.
  3. How  many times did President George W. Bush raise the debt ceiling? Answer: 7 times.

And where was the Republican outrage then? Answer: they didn’t have a  Democrat in the White House up for re-election!

OK…now a few more…

  1. What  former governor’s daughter was on “Dancing With The Stars?” Answer: Sarah Palin.
  2. What  was the verdict in the Casey Anthony trial? Answer: Not guilty.
  3. Who  was voted off (pick one) American Idol, The Biggest Loser or  The Bachelorette?  Answer: I don’t know, I was too busy paying attention to  the debt crisis.

The point is, most Americans would’ve been able to  easily answer the  latter three questions. We were glued to our T.V. sets during the  Casey  Anthony trial; not to CSPAN and the ratings prove it.  So don’t be  offended, the president’s not  saying you’re dumb. He is simply saying  you don’t have the time to spend 40-60  hours a week to do a job you  elected him and Congress to do.  Oh, and by the way, the latest poll  shows 47%  of Americans (Rasmussen) don’t want the debt ceiling lifted;  see even the CBS reporter proved the president right with his question.   Love that!

By: Leslie Marshall, U. S. News and World Report, July 13, 2011

July 14, 2011 - Posted by | Congress, Conservatives, Consumers, Debt Ceiling, Debt Crisis, Deficits, Economic Recovery, Economy, Elections, GOP, Government, Government Shut Down, Ideologues, Ideology, Jobs, Middle East, Politics, President Obama, Republicans, Right Wing, Small Businesses, Unemployment | , , , , ,

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