October 8, 2013 Updates
As a complete US government default on all debts looms in 9 days, Washington has gotten even wackier. A Republican leader from Iowa announced on ABC news tonight that if the US defaults on all its obligations on October 17, at least it won’t cause a total “financial collapse” of the US economy.
Why would Republicans think a total default is OK, as long as it only causes a partial financial collapse of the US economy?
This kind of thinking mirrors Tea Party friends of ours who are telling us that they think it would be good to reduce or cancel future payments on military pensions.
These Tea Partiers say it’s no problem to arbitrarily cancel the contracts they signed to pay pensions to Americans who agreed to serve their country for 20 year commitments. These Tea Partiers are saying there is no guaranteed obligation for paying promised pension benefits, or survivor’s benefits to our servicemen’s families.
Seems unreal? Reality is crazier than anything we could make up:
NBC News reports this afternoon: “Obama suggested he might accept a short-term agreement that could jump-start talks with Congress.
The Republican Reply: “… the nation’s top elected Republican, House Speaker John Boehner, R-Ohio, described Obama’s possible arrangement as akin to “unconditional surrender” to the president by Republicans.
Agreeing to pay our debts and pay our obligations using a short term agreement is now “unconditional surrender” , according to Republicans… ?
Doubt it? Read: Boehner: GOP won’t allow ‘unconditional surrender’ to Obama
It started with the Republicans and Tea Partier’s refusals to pay active duty military personnel or to pay military families, no $$ for military family moms and kids who already qualify for welfare and food stamps (SNAP benefits), and now some Tea Partiers want to simply stop paying military pensions (forever), and …
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© Steven M. Fry
Read on, MacDuff.