Do or be Doomed, August The Second is Approaching for Congress
August 2nd is do or die day for Congress. There needs to be something done, to raise the debt ceiling. The consequences will be rather dire if they fail at their task. Yet in the end, Congress continues to go for the quick fixes and the compromises that will only buy them time but create more problems.
The next month may be one of the most anxious in the history of the United States. The stage has been sent, August 2nd, its do or die for Congress. This federal debt issue has to be dealt with on that date. The consequences will be bad no matter what direction it is sliced. Today on July 5th 2011, Congress returns after the fourth of July weekend, no closer to slaying that dragon than they were when President Obama gave his speech one week ago.
Raising the debt ceiling could lead to some far term consequences as well but this short term gain is to buy Congress more time to settle with the over reaching problem that the United States is deeply and horrifically in debt. Years of careless spending and being everyone’s friend, despite getting very little support if the situation was reversed as finally caught up to the United States. Borrowing more money may close the wound but also remove another limb.
The elimination of tax breaks for the wealthy have been talked about but obviously until that actually happens, it will prove that talk is cheap. The damage has been done in many ways, the economy is on very shaky ground. Congress’s action to deal with the debt at this time, with less than a month remaining, might be trying to close the stable door after all of the horses have long since gotten away.
In the United States, we have the very rich, an almost extinct and just still existing by the slightest technicality middle class, and many people who are scraping by just enough to survive. The government cannot help us this time, because the government has gotten us in deep debt with reckless spending.
As the crisis continues, both Republicans and Democrats refuse to look past their own party, to realize that we are all in fact Americans. There have been talks of a compromise but that might be just about as effective as placing a band aid over an amputated limb. The fact remains there may be a small raising of the debt ceiling to give the politicians a few more months to bicker back and forth like spoiled children.
No offense meant to any spoiled children who might be reading this by comparing them to politicians.
August 2nd 2011, a date that will be very interesting. A lot can happen in a month but a lot can not happen in a month either. Interest rates will go right through the roof and the value of the American dollar will be further ruined if there is not something to be done about the debt ceiling. It may be too late to put that genie back into the bottle, the damage was already being done before Obama, before Bush, even before Clinton in many ways, even if it was not catching up to us until the past five or so years.
August 2nd 2011. The clock is ticking. Congress needs to take more decisive action then a quick fix but sadly they will never get along long enough to do so.