Republicans just tipped their hand...

They’re going to use the debt ceiling to hold senior citizens on Medicare hostage. In an interview with Fox News on Sunday, prominent Senate Republican Bob Corker said Republicans plan to use the upcoming debt ceiling debate as leverage to force cuts to insurance programs like Medicare. Corker said, “The Republicans know they have the debt ceiling…The leverage is going to shift, to our side where hopefully we’ll do the same thing we did last time, and that is if the president wants to raise the debt limit by $2 trillion we get $2 trillion in spending reduction, and hopefully, this time it will be mostly oriented towards entitlement.”

Republicans have been purposefully misleading the American people about what the debt ceiling is – claiming that by raising it the President will have unlimited money to continue spending. In reality, raising the debt limit just gives the US Treasury the authority to pay off the debts that the nation has already racked up, like Bush’s two wars and his Medicare Part D prescription drug program, which were never paid for.

The debt-limit is about paying off the nation’s credit card; not spending more money on that credit card. By using the debt-limit as a political tool, Republicans are questioning the credit of the United States, and threatening to turn us into a dead-beat nation.

Comments

KathieH's picture
KathieH 10 years 15 weeks ago
#1

What will our options be if they do this? I've been pleased to see the President stay firm so far, but it's so difficult when we're dealing with Republican Terrorists.

NC Linda's picture
NC Linda 10 years 15 weeks ago
#2

We need to change the conversation on the SSN (Social Safety Net) loudly to one thing.....a Bankster Transaction Tax to be dedicated entirely and in perpetuity to helping fund the SSN. After all, the criminals should be reminded forever what they did to this country.

historywriter's picture
historywriter 10 years 15 weeks ago
#3

I think the Democrats will call their bluff. They don't dare do it again. Not with their owners -- I mean business community telling them they have to settle this or the country slides into another depression with a small d.

This made no sense before, and I think more Americans know it makes even less today.

James Clark's picture
James Clark 10 years 15 weeks ago
#4

Can these Republicons be deported? they are criminals, trying to undermine the majority of the population of the United States, -----send them to the Cayman Islands, no return visas, ever! ---just saying!

mmuoio's picture
mmuoio 10 years 15 weeks ago
#5

I live in Wisconsin...all we hear is the nonsense about job creators and corporate taxes.

This is all nonsense....in 2011 the individuals of Wisconsin paid $6.3 Billion in state taxes, corporate taxes in the state totalled $900 Million.

But here's is the reality....Corporations received $1.53 BILLION in tax rebates, concrssions etc........so the way I see it we transferred $600 Million to the Job Creators......makes one wonder just how they produced record profits....hum....I guess it may have been revealed here....

How many Republicans in Wisconsin know this? More than the Democrats.....we need to spead the word by every state.

Gerrymandering and fraud has permitted many states like Wisconsin to be controlled by these neo-fascists.

airedale68's picture
airedale68 10 years 15 weeks ago
#6

If the politicians were doing their jobs - they would be going after corporate tax evaders like google, not seniors, the disabled and the poor.

On Monday, Bloomberg's Jesse Drucker reported that the tech giant avoided paying $2 billion in global income taxes by moving $10 billion in revenue, or 80 percent of its pretax profit, to Bermuda, which does not have a corporate income tax. Google has nearly doubled the amount of money that it is sheltering in Bermuda since 2008.

Kend's picture
Kend 10 years 15 weeks ago
#7

If the republicans are deported who will pay all the bills? Obamas tax increases are sending them to tax free countries. You guys sound like a bunch of spoiled teenagers, come on mommy I need those $300 jeans. The rich have them.

DAnneMarc's picture
DAnneMarc 10 years 15 weeks ago
#8

Personally I'm tired of the Republicans getting away with good business strategy and negotiation skills. Maybe taking Obama to the wood shed during his first term might be explainable; but, being manipulated and maneuvered so professionally during his second term with four years experience with these bozos and their tricks, and nothing politically to loose, would really expose him as a Republican Puppet.

There are far too many simple cards he can play to get what he wants. If they don't work he has the joker card of an executive order; and, he can all ways declare a national emergency and do anything he wants. (Thanks to the Bush administration) I'd love to see him play that card with these Republicans. Of course the best part of the ridiculous acquisition of power of the Bush years is that now Obama only has to threaten to pull that card to get his way.

The Republican constituents have far too much to loose to even consider risking calling such a bluff. If Obama rolls over and plays dead after all the clout he has, he's lost what's left of my faith.

Loren Bliss's picture
Loren Bliss 10 years 15 weeks ago
#9

To those of us afflicted by cutbacks -- jobs stolen, food stamps slashed, Social Security offices closed -- the United States is already a "deadbeat nation."

DAnneMarc's picture
DAnneMarc 10 years 15 weeks ago
#10

Wow! Thanks MMUOIO. That info is very useful.

If not too much trouble would you mind citing your sources so that we in other States may ascertain similar data?

Lindawyeth 10 years 15 weeks ago
#11

As far as cutting Medicare benefits or increasing the age for getting benefits or raising prices are concerned: Over. My. Dead. Body. Literally. We -- my husband and I -- will no longer be able to survive.

ken ware's picture
ken ware 10 years 15 weeks ago
#12

Kend - I was about to mention the fact that you know less about who pays taxes and who doesn't than I gave you credit for. But you know what, that would dignify your statement from a Canadian who obviously knows very little about our system. Do yourself a favor and go ice fishing in your frozen waste land...I find it hard to believe a person who has free insurance from his government has the balls to criticize us...But you have once again confirmed my belief that you people north of our border have frozen brains and an inability to grasp reality.

David Abbot's picture
David Abbot 10 years 15 weeks ago
#13

Well now, as a freedom-lover and a traitor-hater, I think the republicans should be renditioned to Syria. I think they would enjoy that. After all, they all say that waterboarding is not torture and that even if it is torture, it's fine to do it if you're trying to save America, so ok, those are their rules, so let's rendition them puppies and gitter done.

Global's picture
Global 10 years 15 weeks ago
#14

Kend, you are right. It is impossible to get through to these economic airhead Obama drones about the laws of free market economics. Money always tries to move where it is most efficient. They always think they can tweak the codes a little here a little there to get people to do what they want. Trillion dollar deficits can go on forever because the rich will always be there to pay their LIONS share and the federal reserve will support us with the printing press. Inflation is that thing that they all hear about but don't understand as they complain that they can't keep up with the Joneses.

Palindromedary's picture
Palindromedary 10 years 15 weeks ago
#15

Trillion dollar deficits were/are caused mostly by runaway Pentagon spending, ridiculous and very costly illegal wars of aggression in the Middle East, tax cuts for the wealthy. Programs like Social Security are not even part of the deficit creating process because they were funded by worker's contributions. When corporations and wealthy people can hide their money, that otherwise would be taxable, in offshore accounts or fake front companies and destroy our jobs here at home by sending them overseas then they are all committing treason against the well being of the majority of Americans. In effect, they are waging a war of aggression against the majority of people in the United States.

Rayy456 10 years 15 weeks ago
#16

The 2% and any other nation that holds the debt. I believe the US 2% holds approximately 20% of the national debt in treasury bonds and when the Republicans knocked the Bond rating from AAA+ down to AAA the interest paid to these bond holders increases and I think that is why it cost this country and all the tax payers18 billion dollars more in interest. So the Republican's just increase the money the 2% of so called American citizens by 18 Billion Dollars and more money to the Chinese, Brits and Japan. How much of that increase goes back to the Tea Party and Republicans? I bet they try to give some more this time by holding it hostage. Really simple when you think about it, screw the tax payers, give it to the rich and collect your unlimited political bribes. Now that is what I call Orgainized Crime.

Palindromedary's picture
Palindromedary 10 years 15 weeks ago
#17

And I'd add...Republicans are not the only ones "purposely misleading the American people"....it's "smoke and mirrors" time! Let's see how well the Democrats can hold up against the Republicans this time! It's show time! I'd sure love it if the Democrats really kicked Republican butt this time...but I'm no longer a believer that Obama and the Democrats are anything more than part of the "smoke and mirrors" illusion. Sure hope I'm wrong!!!

Oh, what?! Gee, you mean we've been tricked? Gosh, when I was really starting to enjoy all that Obama bravado...wink, wink! And starting to think maybe I had been wrong all along...wink, wink! Now the Democrats can say those Republicans pulled a fast one...tisn't fair...bad, bad Republicans! Tisn't our fault...it's the bad, bad Republicans...they are just too sly and deceitful..they just don't play fair. I'm gonna run home and tell my mommy!

BMetcalfe's picture
BMetcalfe 10 years 15 weeks ago
#18

We should send all the Republicans AGAINST raising the taxes on the very rich who will never, ever miss the money, to Guantonimo. Let them relegate their preposterous proposals from there, through a hurricane season. I think this would change their minds on a whole lot of things...

The very rich won't MISS the little percentage; we, however, who have worked hard and paid into SS and Medicare all of our working lives, and are now unable to get jobs at our ages, or those of us who are also now over 66 and disabled to boot, cannot possibly be expected to survive if food prices keep go higher, our Medicare coverages are cut, our supplemental insurance deductions keep going up, and our Social Security is cut. Does anyone in Congress have any idea what little our Medicare coverage (plus paying out of it for suplemental coverage) actually does for us? Plus the cuts in monthly social security benefits?

My poor mom lived with chronic tooth infections for 15 years in AZ, where her only supplemental didn't cover nearly the necessary dentistry she needed. She couldn't get her infected teeth pulled and get dentures... So after 15 years of living with chronic tooth pain, and only being able to get 1 tooth pulled every 3 months (when at least 3 at a time were infected), she died from heart failure - directly related to chronic infections in her system which affected her heart.

I don't want to die in the kind of pain with which she suffered.

The Republicans need to adhere to the medical guidelines for seniors, along with giving all of us a decent rate of Social Security so we can survive in a little bit of comfort. They seem to be absolutely heartless.

ScottFromOz 10 years 15 weeks ago
#19

I wouldn't mind the Republicans saying that they want to cut entitlements, if they meant ALL entitlements. But they don't. They conveniently don't classify corporate welfare as welfare. They don't classify huge tax breaks for the wealthy as entitlements. I could go on, but you get my drift...

Aliceinwonderland's picture
Aliceinwonderland 10 years 15 weeks ago
#20

Why aren't the medical benefits granted politicians at our expense ever up for grabs? Nothing highlights this class war more vividly than our Uniquely American Medical Apartheid!!

By the way Ken Ware, I applaud your reply to "kend". I too have found his comments rather irritating. The guy's got his head stuck up his rear end.

keeemosabe's picture
keeemosabe 10 years 15 weeks ago
#21

Some creative options:

1. Add "payroll taxes" to the capital gains tax (at a reduced rate, ~4%) to fix Medicare, Medicaid and Social Security permanently.

2. Raise long term capital gains (~20%) to lower flattened corporate taxes, (~7%) not increasing the total tax rate burden,but avoiding charges of a doubled income tax.

3. Implement an Alternative Minimum Tax for corporations.

4. Allow foreign tax deductions instead of credits, and if prohibited by treaty, see #3.

5. Eliminate "carried interest" for hedge funds and cut other corporate tax loopholes.

6. Incentivize voluntary annual capital gains payments by reducing volunteers' capital gains rate. An individual's mutual fund profit is already taxed annually.

redhand's picture
redhand 10 years 15 weeks ago
#22

Thoughtful and informative comments, except from the self-deluded Republicans or the Canadians whose political parties are misnamed relative to ours, and they don't realize it.

But we all tend to overlook -- that all our employees in government are regularly bribed by campaign contributions from persons other than those who empowered them; and, that we ignore the corrupting influence of post-government-employment being offered by owners of corporations. This needs to stop. It starts with the corrupters, narcissistic and irrational, who have wealth they didn't earn by personally contributing to the society that protects them and their property, at great cost to the rest of us.

But how? We have two flaws in our Constitution... (1) the absence of a requirement for honesty being prerequisite to government employment, and the capability to do the technical job of spending billions of the wealth earned by the citizens who create wealth by personally doing something for one another ... and not by just manipulating the wealth others create.

Also, (2) the People need a way to immediately fire and punish an employee in our government who violates his oath to the Constitution ... which document is all that holds the federal government together. Without this document all rights revert to the soverign States. Think of the five justices who voted to decide that a rich person's business was a 'person'. This act is evidence of being unable to communicate rationally, and should result in automatic dismissal.

To communicate one must first define terms -- words -- and then when there is agreement, proceed with logic, the science of correct argument and discussion.

Example of current media and others' stupidity: "marriage" is the word we (should only) use to refer to a male and a female creating a 'family' for the genetic purpose of continuing the human race by mating to produce progeny and then devoting the effort for years needed to train and educate. The current misuse of this term/word can be avoided by making a new word for a same-sex loving relationship ... with the desired financial-if-deserved-and-needed benefits, if those are related to the sacrifices needed to continue our race.

A final suggestion is that discussions like this should first look around at major threats to the human race, such as those existing in Japan and its poor performance in correcting its criminal handling of the results of the Fuskushima nuclear power reactor failure, now disgorging vast quantities of radioactive water into our Pacific, and huge quantities of long-life radioactive corium particles into our atmosphere now being detected throughout the northern hemisphere ... and lying about it by omission (coverup) and by direct falsehoods. The long gestation of DNA damage-causing-cancer is being used to avoid responsibility for the horrific radiation-manslaughter of perhaps millions, as also occurred as a result of Chernobyl. Apparently the same bad management is being performed by our government employees, regarding similar nuclear power issues in the US ... and we unfortunately just reelected many of these employees.

IMHO.

2950-10K's picture
2950-10K 10 years 15 weeks ago
#23

Under one of the more expensive entitlement programs which is administered by the IRS, 1%ers like Romney and Exxon Mobil.....a people too, pay anywhere from 0 to 13.9% in federal income tax . So let's do what the Teapublicans want regarding the cutting of entitlements, only let's make the cuts to the part of the population who won't feel a damn thing.

Kend's picture
Kend 10 years 15 weeks ago
#24

Sorry Ken "free insurance" who do you think pays for it. If you think health care is expensive there now wait until its "free" it is so abused poeple going to the doctor for hang nails etc. Don't even get me started on our wait times. Oh and please don't lump me in with all Canadians most of them are liberal like you. I am one of the few with a frozen brain. Maybe when I am in Scottsdale AZ tomorrow it will warm up.

ken ware's picture
ken ware 10 years 15 weeks ago
#25

I really hope the Az. sun melts through the ice! Sorry if I lumped you in with the level headed, caregiving and civic minded Canadians .I figured out from our conversations you are a stubborn Conservative. Have a great time in Az. and good wishes for the holidays!

k. allen's picture
k. allen 10 years 15 weeks ago
#26

Probably, this is really naive/simplistic:

What if responsible citizens (the real PEOPLE of AMERICA) could just go ahead and pay it down, as a patriotic obligation. Let the grifters take their money and run...and don't come back. I bet its not that easy...?

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