Earlier today the US House of Representatives passed a bill to raise the debt ceiling, ending down-to-the-wire threats to ruin the world economy by defaulting on the US debt obligations. This kind of political terrorism is not owned by just the TEA Party Republicans; it is equally owned by the Democrats and the President during the back and forth demands made by each. At the precipice of economic turmoil, everyone retrenched. The mutual terrorist threat that would have ignited a global economic meltdown was averted, at least for now. The saga has not ended. Today's vote is only the prologue. Time will undoubtedly cause it to be re-written, if not shredded entirely, when the next natural disaster hits or the next war begins.
Ultimately this is about credit financing. Russian Prime Minister Vladimir Putin might have tactlessly said it right yesterday (Monday in Russia), "[The Americans] are living beyond their means and shifting a part of the weight of their problems to the world economy. They are living like parasites off the global economy and their monopoly of the dollar."
However it was Jesus Christ who had the last word on the currency we own and the life we were given, "Repay to Caesar what belongs to Caesar and to God what belongs to God."
Showing posts with label political terrorism. Show all posts
Showing posts with label political terrorism. Show all posts
Monday, August 1, 2011
Friday, July 29, 2011
Political Terrorism and Political Terrorists
The US debt crisis for the politicians is more about politics than economics.
When the Republican-controlled House of Representatives finally came up with a bill this Friday afternoon to send over to the Senate, it was one-sided. When it reached the floor of the Democrat-controlled Senate, it was "tabled," i.e. put on the back burner. When the Democrats in the Senate presented its one-sided bill Friday evening, the Senate Republicans fell silent. If nothing gets done by next Tuesday some time, the United States would be in default for the first time in its 235 years of existence.
There is nothing like grand standing until the last minute as the financial markets react negatively. The House, the Senate and the White House together have taken the American people and the world economy hostage, each to its selfish ends. Ironically, they share a common label - political terrorists - and are engaged in political terrorism.
When the Republican-controlled House of Representatives finally came up with a bill this Friday afternoon to send over to the Senate, it was one-sided. When it reached the floor of the Democrat-controlled Senate, it was "tabled," i.e. put on the back burner. When the Democrats in the Senate presented its one-sided bill Friday evening, the Senate Republicans fell silent. If nothing gets done by next Tuesday some time, the United States would be in default for the first time in its 235 years of existence.
There is nothing like grand standing until the last minute as the financial markets react negatively. The House, the Senate and the White House together have taken the American people and the world economy hostage, each to its selfish ends. Ironically, they share a common label - political terrorists - and are engaged in political terrorism.
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