Once again, in this latest game of chicken, we're going to get screwed

[MadHound]

Having successfully won the last few games of chicken, the 'Pugs are playing the game again, this time with the debt ceiling. Their position is that if they don't get their draconian spending cuts to SS, Medicare, etc., they're going to drive the economy into a ditch.

It isn't surprising that they're playing this game again, after all, it has turned out to be a winning strategy with them. And the Dems in Congress really don't care, because they're not the ultimate losers, we the people are.

But it is time for this dangerous game to stop, and past time for the Dems to stand up to the Thug 'Pugs. It is time for every single Democrat, including the President, to get on that bully pulpit and state that no, they are not going to balance the debt load on the back of the middle, working and poor classes anymore, that we have suffered enough and it is time that the rich and corporate took up their fair share. It is time to hammer these recalcitrant 'Pugs for the damage they're doing to our country, and time to call them on this game of chicken that they're playing. Pin this oncoming debt ceiling disaster squarely on the 'Pugs, and hammer them on the head with it daily.

We the people can't afford the draconian cuts that are coming down the pike, we really can't. Most of us are barely hanging on now, and one more push and we're gone.

So now is the time for the Dems to prove their worth. And if they can't, or won't fight for the people, it is time to sweep them aside for those who will.

[msongs]

1. bullies keep doing it til they are stopped. nt

[MadHound]

2. Exactly,

The 'Pugs have found a winning strategy, and they will continue to run it until the Dems stop them.

[Autumn]

3. I agree, If there is no fight. if the Dems don't make

the pukes own this, they must be gotten rid of. K/R

[mmonk]

4. Of course. In this game, there is only one chicken party.

The other is the butcher.

[sellitman]

5. Wish I had more faith in Obama

Having been burned so many times I see Cantor and his hoard as the ones with back bone.

I'd love to be pleasantly surprised.

[toddwv]

6. It's a win-win for the Republicans.

The rich get richer when everyone else gets poorer...economic downturns speed up this wealth consolidation.

Their stated goal is for Obama to fail, of course they leave out the fact that they are willing to sacrifice the entire country to achieve this.

For some reason, they have been able to convince people that it's social programs that have been around for over 1/2 a century that is to blame and not the trillions of dollars that we waste on a "defense" budget that should really be called an "offense" budget.

The MSM will parade a bunch of Republicans on screen who will emphatically set the message that it is the Democrats refusal to give the wealthy even more tax cuts (taxes are at historic lows)that is impeding the economic recovery.

[CrossChris]

7. It's a script. The top 2% own DC, and we're spectators. What can we really do?

The "Dems" in DC aren't there to help us in any way. What can we do besides tell each other in our echo chamber? I'm as stumped as anyone.

[MadHound]

9. Well, there is always the solution of 1789, or 1848.

And that may be the only solution left.

[robdogbucky]

10. Same old, same old

More millionaires around the world

Giles Broom,Elizabeth Ody, Bloomberg News

Thursday, June 23, 2011


Global millionaires' ranks rose by 8.3 percent last year as the Asia-Pacific region overtook Europe for the first time, according to a report by Capgemini SA and Merrill Lynch Global Wealth Management.

The number of individuals with at least $1 million of investable assets increased to 10.9 million after markets rebounded following the financial crisis, according to the 15th annual World Wealth Report published Wednesday. Global wealth held by millionaires rose to $42.7 trillion, exceeding the $40.7 trillion reported for 2007.

Millionaires in the Asia-Pacific region jumped 9.7 percent to 3.3 million with the numbers in Hong Kong and Vietnam both climbing by about a third, the report showed. That compares with growth of 6.3 percent to 3.1 million in Europe and 8.6 percent to 3.4 million in North America.

"Regionally, Asia-Pacific was the real star of the growth story," John Thiel, head of U.S. wealth management for Merrill Lynch Global Wealth Management, said at a press briefing in New York on Wednesday. Stock-market returns and increases in the value of real estate in the region were major contributors, he said.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/06/22/BUQU1K18TB.DTL#ixzz1Q79yXXlY

[indepat]

8. If Dems join pubs by sinking into utter depravity, the death knell for the American dream shall have

been sounded because society will thereby shredded into shambles. :patriot:

[LiberalAndProud]

11. "if they don't get their draconian spending cuts"

This is what concerns me. I think they've already got their cuts. It's not enough for them.

http://online.wsj.com/article/SB10001424052702304569504576403522729881988.html

Still, Mr. Cantor remained optimistic about the prospects for a deal. He said the Biden group had already made significant progress and had tentatively identified more than $2 trillion in spending cuts over the next 10 years. But he said there could be no agreement on an overall package without breaking the impasse between Republicans' refusal to accept any tax increase, and Democrats insistence that some tax increases be part of the deal.

[Raven]

12. Can someone explain to my how this latest game of chicken can

possibly be good for Wall Street and all the rich people with a lot of $ in the stock market? I just don't get it.

[MadHound]

13. Economy crashes, it means a buying opportunity for the rich and well off,

Sure, they'll take a hit, but I'm sure they've insulated themselves in this global market. In exchange for this hit, they get to go on a spending spree and buy up even more companies, properties, etc.

[woo me with science]

14. K&R nt