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Saturday, August 31, 2013

Hold Onto Your Wallet -- "Fiscal Cliff 2.0" is Coming Soon | News & Notes, What Matters Today | BillMoyers.com

Hold Onto Your Wallet -- "Fiscal Cliff 2.0" is Coming Soon | News & Notes, What Matters Today | BillMoyers.com:

 "These debt limit “shenanigans” aren’t very democratic, and Boehner admitted as much, telling the Idaho Statesman, “It may be unfair but what I’m trying to do here is to leverage the political process to produce more change than what it would produce if left to its own devices.” In other words, he’s going to hold the global economy hostage for policies his conservative allies couldn’t achieve through the electoral process.

It’s even more anti-democratic if cuts to Social Security or Medicare end up being part of the negotiations because polls have long shown that majorities of Americans of all parties – even self-identified “tea party” voters — oppose messing with those programs.

And this is all a result of the “party of personal responsibility” threatening not to pay off debts that Congress itself incurred."