http://www.dailykos.com/story/2011/07/30/1000924/-Debt-ceiling-follies:-how-we-got-hereDebt ceiling follies: how we got here
Just a reminder on why we're even in this mess tonight: it's self-inflicted. Entirely. It's entirely political, entirely partisan, entirely hard-right ideological, and it doesn't have a damn thing to do with the "debt ceiling," or even the deficit, except as proxy for the one and only thing that does matter to Republicans: cutting social programs. Fixing the tax structure? Forget it. Deficits? Hell, Republicans have voted for deficits for a fine long time now. Didn't bother them. They even said it "didn't matter"—remember that one?
So why are we talking about "catastrophe" all of a sudden? Because they want to talk about it, and because they have found in the debt ceiling a fine hostage that the crazier among them aren't afraid to shoot.
We're at this point because of the Bush tax cuts. That's the one biggest contributor to the deficit, and it was the sole reason for the last of these hostage-taking sessions by Republicans. They demanded that we not let them expire. Didn't give a crap about the deficit then.
We're at this point because Republicans insist that the rich pay not one penny more in taxes, despite enjoying the lowest effective tax rates in modern U.S. history. Instead, Republicans demand cuts to Social Security, Medicare and Medicaid. Straight-up class warfare, though they will send for the fainting couch if you point that out.
***
This journalist should head up our 'jeering section" - - somebody to call out our counterprop to their Right Wing Propaganda Machine - - so that all our dumb democrats who can't 'get' what our simple truthful message is, much less constantly counter their Right Wing Propaganda with our simple, truthful message. This message needs to flood not only MSM, but Twitter and Facebook as well. We are losing our democracy to a Right Wing Propaganda Machine. Act like it!