debt ceiling

If you declare bankruptcy, will everything be OK in a few days, weeks?

The crazies in the United States House of Representatives would have you believe it were so.  They say fix that budget before we'll raise the debt ceiling.  If we don't get our fix, they announce, there's no deal.  We'll just default until things get straightened out. (Image: George Romero)

Budget Blasts Bad Request

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It seems President Obama knows how to crash a party as well as a server. The House of Representatives website is crashed after Obama went on prime time television asking Americans to contact their representatives. In visiting John Boehner's website 15 minutes ago this error message was displayed.

Bad Request (Invalid Hostname)

About sums up the insane budget crisis doesn't it?

When Obama told Americans to contact their representatives to show support for his debt-ceiling plan, the response was so strong it overwhelmed some House telephone lines and websites.

On Tuesday morning, House officials said calls to telephone circuits there are hitting near capacity, with many callers getting busy signals. An alert advised members' offices to provide important contacts with alternative numbers, adding that outbound calls are unaffected.

In addition, Monday night and Tuesday morning checks of the websites of House Speaker John Boehner, R-Ohio and Rep. Michele Bachmann, R-Minn., showed a "Server is too busy" response on an otherwise blank screen, as did the House Ways and Means Committee website on Tuesday morning.

This author is more horrified at our government in general and believes every representative should be required to pass an economics class before being sworn into office. Kind of like requiring bad driving school for repeat traffic offenders. With that, what are others saying?

The below video interviews Yves Smith pointing to the entire debt ceiling crisis being manufactured.

Obama's Budget Betrayal - Questions and Answers

Question: Why did President Obama put Social Security and Medicare on the table in the budget negotiations when 80% of the people oppose cuts to these programs?

Answer: The president is not in office to represent those people. He was selected, funded and carried over the finish line by corporate America. Look at the appointment of Wall Streeter Timothy Geithner, the bailouts, and the failure to prosecute any of the crooks who caused the current recession. He's serving the people who put him in office. Those people don't need Social Security and Medicare.

Q: Doesn't the president need to worry about reelection? Why would he risk that by going against such a large majority?

A: President Obama has no personal or financial risk if he loses his job.. He has a tidy lifetime pension and will, no doubt, be on plenty of corporate boards, not to mention the opportunities for huge speaking fees. There is less political risk than you might think. The only Republican presidential candidate who might be other than certifiable is the largely unknown John Huntsman, former governor of Utah and Obama's ambassador to China. The rest would do much more harm to seniors than Obama concessions this time around (if they materialize) and people know that.

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