“Congress consistently brings the government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.” – Ronald Reagan, in 1987.
“It is very important that any increase in the debt ceiling be accompanied by spending cuts and reforms in the way the federal government spends money … .” – Congresswoman Cathy McMorris Rodgers, willing, with her party, to use the catastrophe of default that President Reagan himself so clearly recognized to further the radical right’s political agenda.
They will not raise taxes on the highest earners. They will not rescind corporate welfare in the face of record profits. They will not put forth a single jobs bill. Instead, the only solution they put forth places the entire burden on the working class.
Do you feel represented?