“The worst part comes after the crisis has passed. It’s that interest rates wouldn’t come back down to where they were before the crisis. Investors would decide that our 200-year long experiment with republican government had turned into one of the banana variety. In other words, they would decide to invest their money in countries that don’t periodically threaten to default for no good reason…
That’s some expensive political grandstanding.
And it is grandstanding. Remember, the Republicans aren’t threatening economic calamity, because they want to rein in spending. They’re threatening economic calamity, because they want to stop poor and sick Americans from getting health insurance. That is, they want to stop Obamacare. But that obviously isn’t happening as long as someone named Obama is living in the White House. The Republicans had their chance to make sure someone named Obama wasn’t living in the White House in 2012, and they did not succeed. Throwing a temper tantrum won’t change that, even if that temper tantrum involves holding the world economy hostage.
Now can we please leave the hostage alone?”
— The Atlantic: Not Raising the Debt Ceiling: A Crisis, If We’re Lucky, a Historic Calamity If We’re Not - Matthew O’Brien
1:02 pm • 10 October 2013 • 1 note
3:43 pm • 2 October 2013 • 81,410 notes
Jason Jones talks to Gina Loudon, conservative analyst.
“In other nations, people shut down the government when they’re denied rights. Here we shut down the government because PEOPLE ARE GETTING RIGHTS.”
Hari Kondabolu on the government shut down occurring right now. (via fascinasians)
3:32 pm • 2 October 2013 • 14,978 notes
“This shutdown is not the result of the two parties acting equally irresponsibly. It is the product of an increasingly radicalized Republican Party, controlled by a deeply disaffected base that demands legislative hostage-taking in an effort to get what it has not been able to attain through the electoral process or the judiciary.
Republicans in the House are making demands that are both preposterous and largely unrelated to budgetary matters. In return for keeping government running (and, even more ominously, for paying its bills), they want President Obama to undermine the health care law that he ran on in 2008 and 2012, and now considers his signature domestic accomplishment.
No president of either party could accept that kind of badgering. No president should, as it would set a terrible precedent.”
USA Today's editorial board, on the “shutdown party” and where Americans should place the blame for the federal government shutdown. When the fence sitters at USA Today take a side AND sound reasonable, y’all know you did something wrong. (via bapgeek)
That’s when you know you’ve been told.
7:22 pm • 1 October 2013 • 8,505 notes
“In the two years that the democrats had the White House, the House, and the Senate, we got Wall Street reform, student loan reform, credit card reform, healthcare reform obviously, the fair pay act, expanding of the GI bill, they re-authorized the children’s health insurance program, expanded national service programs, fixed the sentencing disparity for crack versus powdered cocaine. We got the 9/11 first responders bill, we got the hate crimes act, they ratified the Start treaty between us and Russia on nuclear weapons, they repealed Don’t Ask, Don’t Tell, they did cash for clunkers, they did the stimulus which included the largest middle-class tax cuts ever. That was all done by the Congress that was elected at the same time as President Obama in 2008. They were elected in November 2008, sworn in January 2009 and over the next 2 years they got all of those things done. Then, the republicans did really well in the midterms, and republicans took control of the House for the first time in years and, John Boehner became Speaker. And since then, there has not been a single significant piece of legislation enacted into law.”
— Rachel Maddow, 9/30/13 (via alexaaact)
11:54 am • 1 October 2013 • 17,574 notes
11:53 am • 1 October 2013 • 16,045 notes
So just to clarify, the Affordable Care Act
- Passed both the House and the Senate
- Was signed into law by Obama in 2010
- Was upheld as constitutional by the Supreme Court in 2012
And yet now it’s 2013 and the GOP in the House has voted 40 times to repeal it and is now going to shut down the fucking government because they can’t handle the democratic process.