Why aren't they publicly refuting his abject lies about how the "rich" are not paying their fair share instead of just smiling passively and shaking their heads? When are they going to show some passion, some indignation at the suggestion that the "wealthy" aren't paying their share when the facts, which I've stated ad nauseam, conclusively prove otherwise?
Does it really make sense that the Democratic narrative would carry the day -- a narrative that says that almost half the people in this country should pay no income taxes and have "no skin in the game"? Why are those who are able-bodied yet not contributing lionized and those working their tails off to support themselves and the ones not working demonized?
It's only a matter of time before the market responds to the persistent inaction of the political class. There is a growing sense that it really won't address the debt crisis in a meaningful way, and people soon will realize that we've been experiencing a counterfeit economic recovery that has been created by the feds' so-called "quantitative easing" policy.
When is enough going to be enough? Congress has raised the debt ceiling 10 times since 2002, when it was $6.4 trillion. It's now $14.29 trillion.
I'm not insensitive to the potential problems that could arise if we don't raise the debt ceiling, but the main one being threatened -- that the United States will default on its debt and the sky will fall -- doesn't ring true. We will pay our debt. The question is, What won't we pay when we shift money around to pay the debt?
For once, the Republicans should play hardball and force Obama and the Democrats to cooperate with them in implementing a plan to reform entitlements and drastically cut spending as conditions to raising the debt ceiling.
This may come as a shock, but Obama doesn't have much credibility with the people anymore and has even less political capital. The people who voted in November are still demanding action, and it's past time for Republicans to respond and let the chips fall.
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