Tuesday, May 23, 2023

DEFAULTING ON OLD DEBTS ......

 

With less than couple weeks until the United States defaults on its debt, plunging the economy into chaos and leading to millions of Americans losing their jobs, Republicans are still demanding a ransom in exchange for allowing our country to pay its bills.

The country's accrued debts, through decades of military adventurism, and gross fiscal ups and downs policies, whereby all previous administrations had a hand in it, is now a ferocious battle between the existing administration defending existing social benefits and expenditures and an opposition right wing machine, claiming suddenly wiser spending, and cutting down most benefits and health programs to the middle and poorer classes, all to preserve low taxation on the very rich and big corporate as well as the oil industries...... 

New York Times headline: U.S. Could Run Out of Cash by June 1, Yellen Warns

Joe Biden is right to demand no concessions in exchange for avoiding default: Because if we give in to terrorists, this will never end.

Roughly, until now, Republicans claim not to be targeting Social Security benefits, only the administrative funding that has kept payments delivered in full and on time for nearly a century.

But even if Biden gives in and meets every one of their demands, closing Social Security offices, cutting veterans’ services, meals for seniors, school funding, and more―what will they ask for next year?

We already know that Republicans from Kevin McCarthy to Mitch McConnell to Rick Scott to Mitt Romney were all eager to demand cuts to Social Security and Medicare this year in exchange for increasing the debt ceiling before settling on their current package. If legislating by extortion is normalized, what comes next? Social Security? Medicare? Demanding the president’s resignation?

Political bipartisanship in the U.S. is becoming a total political game and a show of force and ruse, the only problem is the danger it poses to the country's economic and social stability and continuity , as well as the entire world's well being.  

We're already paying a high price due to total partisanship of a rightwing, and corrupt high court, that sold its soul and integrity to politicians in power and big rightwing rich donors and payers.

One of the major trends sweeping America and the world nowadays, is the scene of rapid decline of democracy in many parts. It's sad to see just how much it is changing this country and many like it around the world. All these forces of ugly change share the same hostility to democracy, they are all spreading big lies , inciting  violence, applying colonial and apartheid methodologies, scapegoating innocents, and openly forcing authoritarian institutions and regimes. 

Are we stopping civilization and sane governance as we know them, and the levels we have reached  by our 21st century ?? Are we really going back to mediaeval and dark ages ???       


As always, my many thanks to all, stay safe and well....

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