published Wednesday, July 27th, 2011

Shackles of Debt

about Clay Bennett...

The son of a career army officer, Bennett led a nomadic life, attending ten different schools before graduating in 1980 from the University of North Alabama with degrees in Art and History. After brief stints as a staff artist at the Pittsburgh Post-Gazette and the Fayetteville (NC) Times, he went on to serve as the editorial cartoonist for the St. Petersburg Times (1981-1994) and The Christian Science Monitor (1997-2007), before joining the staff of the ...

82
Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
blackwater48 said...

CUTTING OUR WAY TO PROSPERITY

Awesome toon. And on the heels of House Speaker John (doesn't he remind you of Ted Baxter?) insisting that HIS Bill, the one he said that republicans would pass and start the Country back to prosperity.

Except House republicans refused to vote for it and CBO (I believe) scored it and found John's numbers were all wrong. Too bad, too. It was such a charming stage prop.

The House has already rejected Reid's plan - which was 100% spending cuts and zero revenue - so at this point it looks like republican strategy is to not have any Bill; Democrats won't support cut cap & balance and republicans won't support anything from Obama and the Democrats.

In the Monday speeches, Obama mentioned the word 'compromise' six times. Do you know how many times Ted, er, John said it? Zero times. (thanks to Chris Matthews for that 'sugarplum') Compromise is a word that republicans are loath to say.

To John's defense, at this point there probably isn't any Bill that he can bring to the House floor that 218 representatives would vote for. Time and again republicans have voted down Bills his brought up for a vote, and any Bill that would gain any Democratic support would be totally rejected by tea baggers.

It looks more and more like Obama will be forced to cite the 14th Amendment and raise the debt ceiling himself. The GOP would rejoice. It will give republicans a chance to Impeachment him on the Constitutional grounds of preventing the country from committing economic suicide.

I want to say tea baggers wouldn't have a legal leg to stand on (pun intended) but their strategy all along has been the political version of a prevent defense. Or Dean Smith's four corner offense. Or the manager taking a slow walk out to the mound. Or Icing the puck.

They don't want to govern.

While their '10 campaign mantra was JOBS! JOBS! JOBS! They should have been chanting 'We're Not Going To Pay the Credit Card Bill!'

The only sliver of positive news I found was in the overnight poll which showed 56% favored Obama's speech Monday night while only 19% favored Ted Baxter. I mean Speaker Boehner.

Maybe the teabaggers should be more concerned with the fact that the poor in America are getting poorer, more Middle Class families are slipping into poverty everyday, and everyday the rich are getting incredibly richer.

The 2012 GOP bumper sticker: WHAT? ME WORRY?

July 27, 2011 at 1:22 a.m.
OllieH said...

PERFECT! Well done, Clay.

July 27, 2011 at 2:16 a.m.
woody said...

I really do hate feeling so pessimistic so early in the morning. But, you gotta do what you gotta do..right??

It is so sad that the conservative message has become skewed by such a diverse collection of 'know-it-all Johnny-come-latelys'. Even as liberal as I may seem at times, I, too, believe we have a dug a financial hole we must get out of and then fill in again as quickly as possible.

It's too bad the 'cooler heads' on both sides of the aisle in Washington haven't been able to deal with our current situation of late due to those who believe we must undo decades (upon decades) of financial 'hoodooing' overnight. In other words they are going to save us from ourselves..if it kills us..quite literally.

At this point, I just want it done and over with. Of course, an apology along with several resignations after they have done their worst and been shown up for the fools they are would be nice too.

But first..lets just get it done..Woody

July 27, 2011 at 5:55 a.m.
AndrewLohr said...

What has the energy department done for us lately? These gas prices? What has the education department done? Tuition and school fees? Strikes me we could cut, cut, cut and not hurt the USA, only some bureaucratic fiefdoms.

At least the cartoon notes that debt is a problem. But where did the debt come from? Greed to spend other people's money. Since our President wants to raise taxes, he is the President of Greed--and if he doesn't let the Tea Party fix things, he'll be the President of Greece.

The 14th Amendment guarantees lawful debt, not just debt. Any debt the President undertakes without Congressional consent strikes me as unlawful. And how getting deeper in debt pays debt is not clear.

Jesus is libertarian, and God is not mocked.

July 27, 2011 at 6:27 a.m.
MTJohn said...

Andrew - if anyone is mocking God, it is those who misuse Scripture to remake God into their own image and apply that distorted image for political purpose.

July 27, 2011 at 6:31 a.m.
twharr said...

Right on point Clay! Keep giving it to them!

July 27, 2011 at 7:03 a.m.
fairmon said...

Amputating a limb to save a life has been done many times. The federal government has several limbs (departments, programs etc.) that should be removed to improve our overall health. Many are like an appendix, no adverse impact if removed. However, an infusion of blood (revenue) may also be appropriate during and after surgery. Amputation and treatment needs:

o Department of education-useless

o Department of energy-too large and ineffective

o Department of homeland security-duplication and ineffective

o IRS tax codes are used to show favor to the wealthy and favored businesses.

o Grants, subsidies and incentives are tools of manipulation.

o Social security is an antique that should be phased out for those under 50.

o Bush and Obama czars need to be gone.

o Medicare is the cause of the increased cost of personal health care policies. The Affordable Health Care Act as written will cause health care cardiac arrest, congestive failure.

A good quote: You do not know, my son, with how little intelligence the world is governed.

July 27, 2011 at 7:12 a.m.
fairmon said...

The 14th amendment doesn't appear applicable since current revenue will pay the 200 billion annual interest on the debt. It is also sufficient to meet all social security, medicare and military obligations. Some bureaucrats and services may be furloughed or not available indefinitely. Disruptive no doubt but we will not default on the debt.

July 27, 2011 at 7:21 a.m.
SeaMonkey said...

blackwater.......yeah, blackwater...obama has good poll numbers. you keep believing that.

everyone was glued to the tube following his every word....and believing it. just mesmerized.

maybe you're sitting there holding your breath with his every word.

obama is a pathological liar....he has a screw loose......even in a town dominated by people who lie as often as they change their clothes, they're amateurs compared to obama.

give it up........you voted for a loser.

why is it a silver lining? ii'll tell you why...because you can't get over the fact...that you and other leftist knuckleheads voted for a man who turned out to be nothing at all like you thought he'd be. in other words...you were duped. you fell for it. you were suckered......he's dumber than a box of rocks.

i suggest obama step down and become chief council for la raza.

mtjohn...if anyone is mocking america, it's obama...if anyone is mocking the presidency, it's obama.

remember before he actaully was sworn in he would hold news conferences, standing at a podium with a sign that read "office of he president elect".........what a mockery..

thank god for the tea party.......the old republicans/country club republicans, and the leftist goons who dominate the democrat party, are incapable of making tough decisions about cutting waste and spending.....

but, hey.....now mcdonald's is now putting apple slices in happy meals...and michelle obama's arms are still toned....

i still think if michelle yanked a big ol' cabbage out of her veggie patch and swapped it with obama's empty noggin, no one would know the difference.

it's hillarious how the you lefties and the lefty wacko media tried to compare the obama's to john and jackie kennedy.......i'd say they're closer to former romanian dictator nicolai ceaucescu and his wife...or maybe marie antoinette and whatever louis she was married too.

who are you going to vote for in 2012, blackwater? why don't you back bernie sanders?...looks like he might challenge obama at the convention...

July 27, 2011 at 7:35 a.m.
moonpie said...

Andrew, please quit coopting Jesus as a libertarian.

(I'd be curious to know if anyone out there reading this agrees with Andrew.)

Jesus asked others to give up everything and follow Him. To cast all their anxiety upon Him. He did NOT preach self reliance. He preached reliance in Him. His teaching were very far from Libertarianism.

You are confusing Jesus with Ralph Waldo Emerson. They are not the same person. They do not share the same philosophy. You are actually in the Emerson camp, but you can't see it.

(Sorry to ride through the fences with Andrew, but I feel like that this cow has gone astray for too long and no one has paid attention.)


harp, I may not agree with everything you write, but it is well considered and I learn frequently something from you.

July 27, 2011 at 7:44 a.m.
EaTn said...

harp3339...read your summary of debt reduction twice, and without running the numbers, it is probably the most sensible approach I've seen on spending cuts. However, the deficit spending binge combined with reduced taxes have both contributed to the debt problem. The long term debt problem will not be corrected without addressing both spending and revenue. The right love to compare the spending of the nation to that of a family...well a family can only exist so long in cutting spending with a drastic loss of revenue.

July 27, 2011 at 7:47 a.m.
SeaMonkey said...

i just saw a poll in which 46% of americans think the senate and house are corrupt....they have every reason to believe so........as harp pointed out in his post, it's pretty obvious where cuts can be made. yet, what needs to be done won't be done because of corruption. the politicians are just what we see...but the government is packed with faceless beaurocrats who won't allow their gold mine to shut down. term limits and a balanced budget ammendment are what we need.

July 27, 2011 at 7:50 a.m.
hambone said...

**On November 3 2010 on this forum. I said can you say

"GRIDLOCK!"**

July 27, 2011 at 7:51 a.m.
BigRidgePatriot said...

harp3339 said... "The federal government has several limbs that should be removed to improve our overall health"

EXACTLY RIGHT harp! Replace the "poor victim" with some kind of hideous octopus/medusa like monster called the US Government and show the beast losing one of many limbs that serve little purpose.

The left would prefer to leave us all shackled to a huge debt. They are perfectly happy with keeping us all on a 3 foot chain for our entire lives so they do not have to deal with the scary prospect of being responsible for their own destiny.

Pathetic insecurity leads to pitiful values and decisions!

July 27, 2011 at 8:15 a.m.
fairmon said...

EaTn

Any solution has to include some revenue increase. Preferably the increase be reduced tax loop holes and a substantial increase in decent American jobs. Enable American based businesses to produce competitively priced goods and Americans pay attention to the source of what they buy. Regulating but pursuing energy independence would employ 100s of thousands in good paying jobs while assuring reasonable energy cost to Americans. Natural gas offers tremendous opportunity. Off shore drilling and other locations would be a tremendous boost to the economy. Accessing our natural gas sources could actually significantly improve our trade imbalance.

The hidden fifty cents a gallon tax on gas hurts lower income people much more than the wealthy. It is a much higher percent of the lower income spendable money than the wealthy. This is just one example how that happens.

July 27, 2011 at 8:21 a.m.
limric said...

A standing 'O' for you Clay Bennett.

This is one of your best ever. I'd be willing to give this as high a mark as your "Security Fence" cartoon - which I consider one the THE best political cartoons ever done - by any cartoonist.

This illustrates the GOP in all its naked splendor. It's going to make the usual suspects rage. Oh boy oh boy oh boy.

It'll be all over the web. Congratulations on a true classic. Possible Pulitzer contender?

July 27, 2011 at 8:39 a.m.
mountainlaurel said...

Blackwater48 said: "And on the heels of House Speaker John (doesn't he remind you of Ted Baxter?) insisting that HIS Bill, the one he said that republicans would pass and start the Country back to prosperity."

Naw, Ted was just a silly guy with a pretty face and a lot of flair, and John lacks both of these, Blackwater48. If Clay was going for perfection, I think he should have created some sort of crazed four-headed buffoonish vampire for the GOP character, resembling say Boehner, Cantor, Ryan, and McConnell. Speaking of which, I note the GOP boys along with a reminder about their extravagant spending habits are mentioned in Bloomberg today:

“House Majority Leader Eric Cantor, House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell all voted for major drivers of the nation’s debt during the past decade: Wars in Afghanistan and Iraq, the 2001 and 2003 Bush tax cuts and Medicare prescription drug benefits. . .

The 2001 and 2003 tax cuts, which lowered tax rates on income, dividends and capital gains, increased the federal budget deficit by $1.7 trillion over a decade, according to the Center for Budget and Policy Priorities, a non-partisan left-of- center group in Washington that studies fiscal policy.

The two-year extension of those tax cuts that Obama signed will cost $857.8 billion, according to the Congressional Joint Committee on Taxation. . .

The wars in Afghanistan and Iraq have cost almost $1.3 trillion since the terrorist attacks on Sept. 11, 2001, according to a March 29 analysis by the Congressional Research Service. Operations in Iraq have cost $806 billion, and in Afghanistan $444 billion. The analysis shows the government has spent an additional $29 billion for enhanced security on militia bases and $6 billion remains unallocated.

The 2003 Medicare prescription program approved by President George W. Bush and a Republican-dominated Congress has cost $369 billion over a 10-year time frame, less than initially projected by Medicare actuaries.

Nine Senate Republicans, including Nebraska’s Chuck Hagel, along with 25 Republicans in the House, voted against the bill. Hagel argued that it failed to control costs and would add trillions in debt for future generations.

“Republicans used to believe in fiscal responsibility,” Hagel wrote in a 2003 editorial in the Omaha World Herald. “We have lost our way.”

http://www.bloomberg.com/news/2011-07-26/republican-leaders-voted-for-drivers-of-u-s-debt-they-now-blame-on-obama.html

July 27, 2011 at 9:20 a.m.
Leaf said...

Interesting how SeaMonkey has the hots for Michelle Obama but he's trying to supress it.

July 27, 2011 at 9:26 a.m.
ITguy said...

I don't know if you have noticed that the latest Republican talking point is "Obama's blank check". There are ads on TV that close with taking away "Obama's blank check". Boehner repeated this in his speech on Monday, and several columnist have been using the phrase.

These are all disingenuous. The President does not have a 'blank check'. All spending past, present and future is controlled by congress. This is a political ploy to shift the blame away from the Congress and to the President.

He is what is going to happen. On August 2, Obama will sign an Executive order declaring that we will pay all obligations that have been previously approved by Congress. He will invoke the 14th amendment. The Republicans will all scream that he is overreaching and on a spending binge. The "take away Obama's blank check' will be the rallying cry for the next 15 months.

It always amazes me that the Republicans believe that any increase in taxes will 'kill the economy' but cuts in spending will have no effect on the economy. If we kill the department of energy (probably not a bad idea) it will put thousands out of work. The same is true of all government agencies.

We must have a balanced approach. We must increase revenue and cut spending. Please tell me how asking hedge fund managers to pay the same rate that I pay will 'Kill Jobs'. This is total BS.

July 27, 2011 at 9:41 a.m.
MTJohn said...

SeaMonkey said...mtjohn...if anyone is mocking america, it's obama...if anyone is mocking the presidency, it's obama.

If anyone is mocking America, it is those who expect the country to work on their selfish behalf, without regard for the legitimate interests of others.

If anyone is mocking the presidency, it is those who do not respect the fact that the president is the president for the whole country and not just those who paid to get him elected. In my opinion, Obama is making an effort to be that kind of president. In the process, he has alienated his base and has done nothing to endear himself to those who voted for McCain.

July 27, 2011 at 9:42 a.m.
blackwater48 said...

JOHN IS TED

Mountainlaurel disagreed with my comparison of John Boehner to Ted Baxter, Ted was just a silly guy with a pretty face and a lot of flair, and John lacks both of these, ...

Fair point, ML, but I was going more for the pompous windbag reading whatever copy is put in front of him with a false baritone, trying his best to sound intelligent and reassuring.

I was going to add, 'As the house burns down around him,' but I try to avoid hyperbole whenever possible. With these tea bagging economic hostage takers, who WILL NOT UNDER ANY CIRCUMSTANCES VOTE FOR RAISING THE DEBT CEILING, that's getting harder and harder to do.

July 27, 2011 at 10:02 a.m.
blackwater48 said...

NOTE THE LATEST GOP TALKING POINT

Nice catch, ITGUY, on picking up on the republican catch phrase of the day, 'Obama's blank check.' The republican talking points are spread like cancer through the usual subjects but generally originate with Fox'News.'

Great analysis. Their reasoning contends cutting taxes for the middle class is inflationary but cutting taxes on the rich is not. Republicans ALSO contend that eliminating the minimum wage will spur consumer spending while cutting taxes for the rich will create more jobs.

Both are examples of GOP false syllogisms.

July 27, 2011 at 10:17 a.m.

Why would raising the debt ceiling fix the problem? The problem is spending. Calling taxes revenue is an example of the base dishonesty being injected into the process by both parties.

Try getting your personal finances into this same predicament and then think about what you would have to do to fix it. The same solution applies here.

More debt isn't what we need. Less spending is the fix.

July 27, 2011 at 10:20 a.m.
MickeyRat said...

I think locking away GOP Majority Leader Eric Cantor in a penitentiary for deadbeats seems like a damn good idea. Altogether, over the last decade, guys like him blew up the national debt by over $3 TRILLION – then left the bills to Barack Obama , and us.

The Bush administration acted just like Mama Grizzly when she was set loose in that Neiman Marcus in Minneapolis – grabbing whatever they could carry because they could put it on someone else’s account.

The GOP fat boys feasted – but when the waiter arrived with the bill, these belching juvenile delinquents looked around, pointed at some poor schmoe sweeping the floor, Mr. John Q. Sixpack, and said, “THAT GUY will pay.”

By the way: that POS congressman Cantor, the guy leading the Republicans’ refusal to lift the debt ceiling, voted for fancy-ass weapons for a war that will likely happen in 1978 (such as 3 dozen Virginia Class submarines at $1.8 billion each.) and Bush’s bogus scavenger hunt. But now Cantor doesn’t want to pay the effing bill!!

This entire debt ceiling debate, as we hear over and over from robots whether on Fox or CBS, is that this is our deficit; as if I got a mother effing tax break or Amazon.com is shipping me a new submarine today.

OH YEA!? Well how about this - Don’t pay the banksters!!

We have been told over and over, that the banks, the debt holders, must be paid. When the bankers and the Chinese and the Saudis lent Bush three trillion dollars for his wild-ass partying, they were betting, like any investor, on the good faith of the borrower to pay it back. So, let Hu Jintao and King Abdullah stick a collection agency on Cantor ass and the other Republican grifters. Repossess their limos or send The Boys around to remind Cantor what happens when you don’t pay what you owe. (what's more effective, a corked or uncorked bat)

Will the banksters have heart attacks? I hope so. (if bankers are ill, you know the GOP will vote for universal health care.) Will China refuse to buy more US debt? HA - not a chance: The Chinese cannot afford a devaluation of the $2 trillion to $3 trillion in US Treasury notes they have in their safes, a devaluation would crash their economy - which would surely follow their abandoning the US treasuries.

Default is not the real issue. The real issue is, they spent the money and now they want Us to pay.

Default lies with the Republican spendthrift juvenile delinquents. Mr. Obama, I suggest you issue an executive order creating a new wing at Guantanamo: a debtors’ prison for these trillion-dollar con men.

(Don’t you think everyone from the Texas Mafia and their squealing sissy boy Eric Cantor would look good in orange?)

P.S. Don’t drop the soap when Cheney’s in the shower.

July 27, 2011 at 10:38 a.m.

Mickeyr, really? Your boy Obama would be the first in the new wing you propose. Do you think he and George Bush would prison gang of some sort?

July 27, 2011 at 10:48 a.m.
MTJohn said...

FlyingPurpleSheepleEater said...Why would raising the debt ceiling fix the problem?

Because there is more than one problem. Raising the debt ceiling would give the government the authority to pay bills that, due to previous Congressional decisions (remember, it is Congress, not the President, that authorizes expenditures and appropriations), the country has already incurred. Raising the debt ceiling would address that problem.

We also have a long-term problem - one that has been developing for several decades and one which, likewise, will take a while to correct. The federal budget is out of whack. And, just like families have to do when household budgets don't balance, the solution will require BOTH reductions in spending and increases in revenues.

July 27, 2011 at 10:48 a.m.

Wasn't the congress controlled by Democrats up until the last election? This August 2nd date is an arbitrary date chosen by the treasury. We aren't going to default if we don't raise the debt ceiling. That lie needs to be put to bed. I agree the federal budget is out of whack, but raising the debt ceiling and giving the addicts more crack is not productive. Spending got us here and cutting that spending will get us out. Taking more money from the American people won't help anyone.

July 27, 2011 at 10:57 a.m.

Roll-up the pant leg and you'll find career politicians hiding in a wooden leg, aka a Trojan Horse.

CUT IT OFF! NOW!

Every plan and program passed by the partisan Congress of Pelsoi and Reid and Obama Whithouse has done NOTHING to stop the rising debt, rising unemployment, rising deaths in the Middle East, rising food and energy prices, falling housing prices, falling dollar, and failing US auto makers.

Scooch-over Liberals. It's someone else's turn to fail.

July 27, 2011 at 11:10 a.m.

Excellent point, FlyingPurpleSheepleEater! It's tough though because we have a crack whore for a president.

BO wants a long term decision in order to help him get another four years of employment. That's it.

July 27, 2011 at 11:15 a.m.
limric said...

WOW MickeyRat, you're a tad pe'od! I have to admit though, I like what you wrote.

Lets add to that:

Obama’s open letter to the Chinese, the Sheiks and Goldman-Sachs:

I have identified $3 trillion in Treasury notes issued between 2001 and 2008, which were lent to fund President Bush’s scavenger hunt expenditures. I’m sure you will recall, he and his posse’ promised oil revenues would make us all rich. Unfortunately, his claims were bogus and now his crew doesn’t to pay you back. You made a bad investment – but, as you know, that’s how the free market works. Therefore, I am suspending payments on these Treasury notes until we can round up the deadbeats and make them live up to their commitments. As president, I have the constitutional duty to pay the bills of the Veterans Administration, the Social Security fund, and other vital services already voted and appropriated by Congress. Military pay before banker pay. You made bad bets, get used to it.

July 27, 2011 at 11:19 a.m.
mtngrl said...

Who's the crack whore??

check out the charts here for the real answer:

http://maddowblog.msnbc.msn.com/_news/2011/07/26/7170139-charts-seriously-its-the-bush-tax-cuts

And even if you don't like the source, try disputing the actual charts which came from the Center on Budget and Policy Priorities...

July 27, 2011 at 11:37 a.m.

Mr.MickeyRat, that's quite humorous. The only problem with that is that GWB became a Democrat in his second term. Not officially, of course, but by his lack of restraint he would qualify as democrat.

Your rant is typical of the ones I read on here. I think your party is imploding and you're desperate to save BO. Go drown your sorrows.

July 27, 2011 at 11:45 a.m.
mountainlaurel said...

Blackwater48 said: "Mountainlaurel disagreed with my comparison of John Boehner to Ted Baxter ... Fair point, ML, but I was going more for the pompous windbag reading whatever copy is put in front of him with a false baritone, trying his best to sound intelligent and reassuring.”

I fully understand, Blackwater48. Maybe it was that sinister GOP script that the Speaker of the House was reading that initially prevented me from visualizing Ted Baxter. Indeed, poor Ted was a vain pompous windbag who spoke in false baritone notes whenever he tried to be serious, but he wasn’t seedy and he didn’t have a sinister political agenda like Boehner and the GOP. I don’t know about you, but I think Robert Scheer is right in that “Debt Madness Was Always About Killing Social Security:”

“This phony debt crisis has now passed through the looking glass into the realm where madness reigns. What should have been an uneventful moment in which lawmakers make good on the nation’s contractual obligations has instead been seized upon by Republican hypocrites as a moment to settle ideological scores that have nothing to do with the debt.

Hypocrites, because their radical free market ideology, and the resulting total deregulation of the financial markets, is what caused the debt to spiral out of control this last decade. That and the wars George W. Bush launched but didn’t have the integrity to responsibly finance. The consequence was a banking bubble and crash leading to a 50 percent run-up of the debt that has nothing to do with the “entitlements” that those same Republicans have always wanted to destroy.

Even Barack Obama has put cuts in those programs into play, warning ominously that a failure to lift the debt ceiling could cause the government to stop sending out Social Security checks. Why, when the Social Security trust fund is fully funded for the next quarter-century and is owed money by the U.S. Treasury rather than the other way around? Why would we pay foreign creditors before American seniors? The answer, offered as conventional wisdom by leaders of both parties, is that we cannot endanger our credit by failing to back our bonds, even though the Republicans have aroused the alarm of the main U.S. credit rating agencies by their brinkmanship on the debt. . .

What a topsy-turvy world when the same credit rating agencies that gave the thumbs up to the bankers’ toxic mortgage-backed securities and credit default swaps now threaten the AAA rating of U.S. Treasury bonds. According to them, it will not be enough to merely lift the debt ceiling—what had been assumed by both Republican and Democratic presidents to be a routine act.”

http://www.truthdig.com/report/item/debt_madness_was_always_about_killing_social_security_20110727/

July 27, 2011 at 11:46 a.m.
blackwater48 said...

BEWARE THE POLITICAL SUICIDE BOMBERS

Conservative House republicans, nicknamed 'tea baggers,' have vowed to never, ever, EVER, vote to increase the debt ceiling. The U.S. Chamber of commerce, which contributed millions to their '10 campaigns to help get them elected, is experiencing buyer's remorse. The Chamber is now begging them to approve the measure and threatening to withhold campaign contributions for the tea bagger's '12 campaigns.

But as one economic terrorist put it, 'Some things are more important than reelection.'

So, blowing up the U.S. economy, having us default on our debt obligations with dire global ramifications is worth the political price?

Welcome to the wonderful world of republican jihad.

July 27, 2011 at 12:07 p.m.
mountainlaurel said...

Blackwater48 said: "Welcome to the wonderful world of republican jihad."

Believe you're right, BW48. Not all terrorists take Timothy McVeigh's approach.

July 27, 2011 at 12:21 p.m.
fairmon said...

ITguy said..... We must have a balanced approach. We must increase revenue and cut spending. Please tell me how asking hedge fund managers to pay the same rate that I pay will 'Kill Jobs'. This is total BS.

Agree. It doesn't make sense to consider their millions in profits as capital gains taxed at only 15%. It is about as logical as suggesting changing the amortization schedule of corporate jet purchases will save anything. The reduced amortization was a democratic congress stimulus program along with cash for clunkers and first time home buyers. The theory was increased plane purchases that would increase producer employment.

Farm subsidies are out of control and abused by the jolly green giant and similar operations plus the wealthy that decided to own a farm when the subsidies became available. There are so many examples of wasteful spending and tax breaks for the wealthy it is impossible to list all of them. The 11 million words in the tax codes are not to accommodate the middle class or lower incomes. We don't need to tax the wealthy at a higher rate we only need them to pay the published rates.

When I saw on the list of savings collect the one billion taxes owed by government employees all I could say was WTF? Would it only be an initiative during a debt crisis?

July 27, 2011 at 12:59 p.m.
fairmon said...

Every member of congress brags about legislation they sponsored or cosponsered to support some cause or their state or district. It is passed and goes in the pile to be increased annually or take on a life of it's own.

July 27, 2011 at 1:07 p.m.
BigRidgePatriot said...

I KNEW that baby bottle a couple of days ago was iBamas!

http://townhall.com/political-cartoons/2011/07/27/90152

July 27, 2011 at 1:18 p.m.
BigRidgePatriot said...

And there are actually good cartoons out there too. It is a shame the CTFP chooses to waste its money on and chase away subscribers with Clay Bennett's crap when we could have...

http://townhall.com/political-cartoons/2011/07/27/90142

July 27, 2011 at 1:21 p.m.
BigRidgePatriot said...

OMG. The rest of the cartoon world is having a feeding frenzy on iBama while Bennett relegates himself to the sidelines with his socialist milk toast!

This one reminds me of moonpie.

http://townhall.com/political-cartoons/2011/07/26/90126

July 27, 2011 at 1:25 p.m.
blackwater48 said...

THANKS FOR THE UPDATE

BRP just posted three updates from his favorite sources of hard hitting fact based and totally bipartisan news: the funny papers.

Keep up the good work.

Don't 'over revenue' your brain.

That might blow up, too.

July 27, 2011 at 1:35 p.m.
tderng said...

whats the matter bw?Can't stand an opposing viewpoint?Just can't stand anyone making fun of your demi-god?

July 27, 2011 at 1:48 p.m.
blackwater48 said...

WHY THE HYSTERIA?

TD scolded me with, whats the matter bw?Can't stand an opposing viewpoint?Just can't stand anyone making fun of your demi-god?

Gosh, TD, I'm sorry I got you so mad. Why are you flying off the handle? Jeepers, I didn't mean to upset you so much.

If you read my post, or more importantly COMPREHENDED what I said, I thanked BRP for the update. I congratulated him with, 'Keep up the good work.'

Then I cautioned him about over doing it. Wouldn't want his blood pressure to soar. Hate to have an aneurism explode. Take a breath TD. Relax.

By the way, I guess everyone on the right is afraid to criticize the on going republican jihad.

Pity.

July 27, 2011 at 1:58 p.m.
BigRidgePatriot said...

dear blackwater48,

Would you think it appropriate to compare Clay Bennett's work to that of Charles Krauthammer, maybe Dick Morris?

Are you the one that is over valuing The Wart's attempt at contributing to the political discourse?

July 27, 2011 at 2 p.m.
alprova said...

limric wrote: "Obama’s open letter to the Chinese, the Sheiks and Goldman-Sachs:"

Sorry limiric, but you misrepresented the "open letter" as something that was supposedly written by the President.

The source of that letter appears to be truthout.org

http://www.truth-out.org/its-not-default-obama-jail-gop-deadbeats-debt-crisis/1311268412

There you will read the following sentence that clearly represents what was written in that article;

"The president should say to Hu, the Sheik and Goldman-Sachs:"

July 27, 2011 at 2:24 p.m.
nurseforjustice said...

I especially liked this one BRP.

http://townhall.com/political-cartoons/2011/07/26/90150

That is exactly what I heard on Monday evening.

July 27, 2011 at 2:25 p.m.
miraweb said...

Bravo, Clay! Perfect.

July 27, 2011 at 2:26 p.m.
fairmon said...

A large majority of those under 50 would have no objection to transitioning away from social security and medicare A-B-D. There are better options for them than social security. Congress would never do it but they should before it hits the wall in about 20 years.

Medicare is paying our at least 42 cents per claim dollar more than revenue from taxes and premiums. Government involved health care should be a separate tax fund supported by a no exceptions consumer tax sufficient to pay all eligible claims. Is that too simple? everyone buying anything would know the cost beyond premiums and taxes of medicare.

Dow chemical just made a decision to build a plant in Saudi Arabia instead of the U.S. Care to take a shot at why? In U.S. dollar terms it is not the wage delta.

July 27, 2011 at 2:26 p.m.
tderng said...

bw48.I'm lot the least bit angry.Actually I think your attacks at people who aren't Obamaites are rather humorous.Your blind following and inability to see any merely human traits in Obama are rather disturbing.I can laugh at some of the satirizing of people on the right,but you can't seem to see any humor in the satire of Obama.He is after all only human,you do realize that,don't you?

July 27, 2011 at 3:20 p.m.
blackwater48 said...

FALSE

TD wrote, Your blind following and inability to see any merely human traits in Obama are rather disturbing.

Sorry you're disturbed, but I honestly don't know what you are referring to. I'm not happy with Obama. I think he's dropped the ball time and time again. After the 2008 Democratic tsunami, Mitch McConnell famously said his main objective was to make Obama a one-term President.

Despite this, Obama announced that he was willing to work with republicans in leading America back from the brink of full blown depression. He wanted republicans and democrats working together. He gave them instant legitimacy they neither earned or deserved. In his stimulus Bill, therefore, he reduced the amount of money for infrastructure projects. That was wrong. Instead, 40% of the Bill consisted of tax cuts which he thought republicans would support. They did not.

His Affordable Health Care Bill to reform the health insurance industry included the tried and true republican 'individual mandate' which he thought republicans would support. They did not.

Even now, he keeps reaching out to a party single mindedly pursuing his political destruction, even if that cost is paid for by the United States defaulting on its debts.

While I am unhappy with Obama's political leadership, I believe he has the best interest of the Country at heart. He is taking heat from his own party on his willingness to compromise and put Social Security on the bargaining table even though republicans have not budged one millimeter.

I believe Obama isn't perfect, but republicans are crazy dangerous.

July 27, 2011 at 3:46 p.m.

For progressives, it's about the right for everyone else to live the dream you pursued while you work for it. You know, sorta like slavery, but with a we're all in it together as long as you do all the work twist.

July 27, 2011 at 3:55 p.m.
chet123 said...

THE PEOPLE REPUBLICAN OF CHINA IS LAUGHING AT THE US CONGRESS....THEIR GOVERNMENT IS HEALTHY AND STRONGE...OUR GOVERNMENT IS SELF-DESTRUCTING......THE CHICKEN IS COMING HOME TO ROOST....BY THE WAY...THE TEA PARTY IS THE REPUBLICAN PARTY...LOL LOL LOL

July 27, 2011 at 4 p.m.
BigRidgePatriot said...

nurseforjustice said... "I especially liked this one BRP. http://townhall.com/political-cartoons/2011/07/26/90150 That is exactly what I heard on Monday evening"

I connected with that one too, there are sooooo many good cartoons out there!

July 27, 2011 at 4:08 p.m.
BigRidgePatriot said...

blackwater does not give a crap about the American dream, the Constitution, the Founders...

He is just another insecure, self-centered socialist trying to rationalize why someone else should pay for his security.

You have to give him credit for his tenacity though. He keeps dragging the same ole rationalizations before us every day thinking he can get the horse to drink his cyanide.

July 27, 2011 at 4:14 p.m.
SeaMonkey said...

l4f....damn well put!....america is about opportunities. It's not about guarantees. that's why we're in the mess we're in...toss in corruption as well.. tied into that.

progressivism/liberalism has been screwing things up in this country since woodrow wilson....chipping away at our freedoms and convincing ignorant people that america is about guarantees.

July 27, 2011 at 4:33 p.m.
alprova said...

Say what any of you right-leaning, tea babies will, but The fact of the matter is that none of you could do half the job that President Obama has, and none of you could or would put up with a thimble full of the crap that he has had to put up with, in order to do his job.

The view is so much better from the cheap seats, isn't it?

Blackwater, don't pay attention to a thing that any of these bozo's are lobbing at you. You're doing a fine job of refuting all their crap and even they know it.

July 27, 2011 at 4:43 p.m.
rolando said...

Here is the bio of a real editorial cartoonist...

http://townhall.com/political-cartoons/michaelramirez/2011/07/04/89416

July 27, 2011 at 4:45 p.m.
blackwater48 said...

SACRIFICE?

The Death Valley Fascist criticized me as a, self-centered socialist trying to rationalize why someone else should pay for his security.

Guess I'm guilty because I am crazy enough to believe that a hedge fund manager, a guy making $2,900,000 per year, should pay the same income rate as his secretary.

Wow. Insane as charged.

Do you, BRP, get a thrill sending billions of tax dollars to subsidize oil and gas companies?

I might be crazy, but I'm not stupid.

You think it's pretty cool that Wall Street crooks ran a ponzi scheme with mortgage based securities fashioned out of subprime mortgages? And when that house of cards collapsed the tax payers bailed them out. Too big to fail, somebody said. But now that it's time to try and get the federal budget in order, you are shocked, SHOCKED that those same crooks should contribute in anyway to getting us out of debt?

Why would you think that I don't give a crap about the American Dream, the Constitution, or the Founding Fathers? You gave me no specifics and offered nothing but hot air and empty accusations.

The poor in this Country are getting poorer. More middle class Americans are everyday sliding into poverty, and those numbers are from 2004 - 2009. Another feather in GWB's dunce cap.

I have criticized Obama for agreeing to extend republican tax policies two more years which will only exacerbate those numbers.

Go back to your funny papers.

July 27, 2011 at 4:48 p.m.
rolando said...

No, tderng, blackwater doesn't realize it. He simply cannot.

He has been that way since iBama was a candidate.

Maybe it has something to with TheBama's corrupt Chicago connections...

July 27, 2011 at 4:49 p.m.

I wouldn't want to do half the job Obama has done. 100% of it was done wrong. Who would want to work with a bunch of lying politicians anyway? I am all for getting rid of all career politicians. Say what any of you socialist leaning marxist babies will, but the fact of the matter is that none of you could do half the job that President Reagan did, and none of you would put up with a thimble full of the crap he had to put up with in order to do his job.

The view is so much better from seats you paid for yourself, isn't it?

See what I did there?

July 27, 2011 at 4:53 p.m.
BigRidgePatriot said...

alprova said... "none of you could do half the job that President Obama has"

What a crock. Every "right" minded individual on this forum could do a better job than iBama. All you would have to do is nothing.

Every time iBama gets out of bed in the morning he assumes the role of the single biggest threat to the United States walking this planet. He is a disease that need to be cured. The 2012 elections will be that cure.

July 27, 2011 at 5:04 p.m.
BigRidgePatriot said...

blackwater48 said... "SACRIFICE? The Death Valley Fascist criticized me as a, self-centered..."

Oops, 500ms is up!

July 27, 2011 at 5:06 p.m.
rolando said...

Someone chosen at random from the phone book could do a better job than our own wannabe dictator in the WH.

July 27, 2011 at 5:10 p.m.
patriot1 said...

Thanks for pointing this out Clay....it may come to this. With trillions of unfunded obligations in Medicare, Social Security, and other entitlements we can only hope it is just one limb. Maddow's scheme was not sustainable and neither are these socialist programs.

July 27, 2011 at 5:19 p.m.
tderng said...

blackwater48 said...I believe he has the best interest of the Country at heart.

hahahahahahahahahaha, aaaaahahahhahahahhahahahahahahfalling out of chairhahahahahahahahaha, aaaaaaahahahahahahahahahah,oh jeez my side is hurting,laughter may be the best medicine but sometimes it hurts while your getting it.Damn near had an asthma attack.

I'm beginning to think that since I probably won't be around when this giant ponzi scheme folds and America crashes like a race car after a blowout,what the hell raise the debt ceiling and borrow,borrow,borrow.What the heck borrow 50 trillion,no 100 trillion and take care of the whole dang country so that we all can sit on our tails and enjoy the ride into oblivion.

July 27, 2011 at 5:24 p.m.
fairmon said...

chet123,

Where do you get reliable information that China finds any humor in a dysfunctional country that wants to borrow more money when they can't pay their current debts? Are you in contact with principles in their government? FACT: They are selling our bonds and buying gold at a rate that doesn't tilt either too much. They would be happier if we reduce the debt $4.00 for each dollar of increased revenue. That is not likely to happen without one hell of a lot of new jobs. They did say they were not interested in buying more U.S. bonds/debt. They will because we buy their stuff with money they loan us. Kind of like wiping your ass with a hoop.

Both parties appear to be so compromised they are willing to sacrifice all of us that are not on their favored special interest list. It is interesting how they seem to take positions that work better for their campaign fund contributors or special interest that influence a lot of votes.

Fortunately about 20% of voters are not loyal or swayed by the party line but vote for the individual. I did not and will not vote for Freshman. I did vote for Corker because of his opponent's obvious ignorance. Hope both have stronger opposition next election.

July 27, 2011 at 5:30 p.m.
blackwater48 said...

THE DEFICIT

BRP said, Oops, 500ms is up!

Your attention deficit disorder explains your obsession with cartoons.

July 27, 2011 at 5:38 p.m.

Patriot, I agree, though I believe he is giving the GOP too much credit. Neither they nor the Dems have the courage to do what might have to be done.

July 27, 2011 at 5:40 p.m.
BigRidgePatriot said...

blackwater,

I don't read your crap because it is crap and a waste of my time.

I actually got to your boilerplate about oil subsidies before I bailed on you.

You know, don't you, that the oil industry is paying a 41% marginal tax rate compared to the 26% rate paid by the rest of the S&P 500, right?

You know, don't you, that your retarded president counts Section 199 deductions as an "oil subsidy" even though the same deduction is available to all producers of US produced goods, don't you?

Did you know that the Section 199 deduction has been limited to 6% for oil companies whereas producers of other goods enjoy a 9% adjustment?

Did you know that the Marxist child in the Whitehouse also counts the Foreign Tax Credit and deferral which is available to all companies in the US as a "oil subsidy" when the oil companies claim it to avoid paying taxes on income that was already used to pay taxes on income made abroad?

In reality, the oil industry is taxed more heavily, including the few real subsidies that exist, than the rest of the industries in the S&P. The net effect is that they are not subsidized at all.

But you take some lie created by the Whitehouse and Democrats, repeat it, and expect me to read your drivel. Then I take the time to show you how you are just another misinformed dork that thinks he knows something and you will just deny and spread some more lies and then we both will have wasted our time instead of just you wasting your time.

That is why I will continue to give you 500 ms. It is more than you are worth.

July 27, 2011 at 7:32 p.m.
alprova said...

BRP wrote: "The 2012 elections will be that cure."

Yep. You keep holding your breath on that falsely supported hope, because outside of the reported, obviously slanted polls on Fox News, WND, and Matt Drudge, much has been discovered by talking to level headed Americans.

http://www.pollingreport.com/budget.htm

You can't buffalo me on that, because my part-time job involves working in the polling biz.

Some key questions asked this month:

"Do you approve or disapprove of the way the Republicans in Congress are handling the economy?"

Approve - 28%
Disapprove - 67%
Unsure - 5%

"Do you approve or disapprove of the way the Republicans in Congress are handling the federal budget deficit?"

Approve - 27% Disapprove - 68% Unsure - 5%

"Do you approve or disapprove of the way the Republicans in Congress are handling creating jobs?"

Approve - 26% Disapprove - 65%
Unsure - 9%

"Do you approve or disapprove of the way the Republicans in Congress are handling taxes?"

Approve - 31% Disapprove - 65%
Unsure - 4%

"Thinking about the economic challenges facing the country would you say the actions taken by the Republicans in Congress made things better, made things worse, or had no effect?"

Better - 16%
Worse - 39%
No effect - 42%
Unsure - 3%

"Based on what you know or have read about their approach to the debt ceiling negotiations, do you think each of the following is putting their own political interests first, or putting the country's best interests first? How about . . . ?"

"The Republicans in Congress"

Political interests first - 72% Country's best interests first - 24% Unsure - 4%

"The Democrats in Congress"

Political interests first - 65% Country's best interests first - 31% Unsure - 4%

"President Obama"

Political interests first - 49% Country's best interests first -47% Unsure - 3%

July 27, 2011 at 7:47 p.m.
blackwater48 said...

LOVE YOUR ACCOUNTANT

Watch your blood pressure BRP. I knew you'd blow a gasket when I dared to suggest oil companies did not deserve any additional tax revenue from ME. The world's six largest publicly traded oil companies reported a combined $38.1 billion in first-quarter profits this year.

"'The U.S. oil and natural gas industry's strong earnings signal growing strength in our economy," said Jack Gerard, chief executive of the American Petroleum Institute. He said Americans "should be proud" of an industry that supports millions of jobs and provides income for retirees who have shares of profitable oil companies in their retirement accounts.;"

Thank the good lord. So, how much did the 41% marginal tax mean in government revenues? Let's take a look. Seriously, at that tax rate, it's no wonder that Exxon paid $15 billion last year in taxes, the most of any U.S. Corporation. Oh goody. I can just imagine that deficit shrinking!

Exxon doled out more than $15 billion in income tax payments last year - to foreign countries. U.S. tax codes allow companies to take massive deductions in light of those international charges, which knocked Exxon's federal income tax bill down into negative territory. (emphasis mine)

We do get tax money from oil companies, though, I want to be fair. The gas tax we pay at the pump... wait... why would they claim that money we pay at their pump as their taxes paid?

I guess there are lies, damn lies, and republicans.

July 27, 2011 at 8:57 p.m.
rolando said...

Yet another of the great cartoonists:

http://townhall.com/political-cartoons/

July 27, 2011 at 10:15 p.m.
Selah said...

Republicans...go away!!!

July 27, 2011 at 11:40 p.m.
lkeithlu said...

Get a grip, L4F. We are all Americans. The country doesn't "belong" to only one political group.

July 28, 2011 at 8:44 a.m.
alprova said...

LF4 wrote: "This is OUR COUNTRY, and we're sick and tired of you Obama-loving Democrats and your Marxist policies!"

I could not care less what you are tired of. This country belongs to all of us and that is something that has your boxers in a bunch. I do like President Obama, not because he is perfect, or because he makes the right decision every time, but because he is not afraid to make a wrong decision some of the time, because he stands up for what he believes in, and because he ignores the complaints of people like yourself.

And in case you have not read it in the past, attacking people for their adoption of political philosophies no longer has the same connotation as it once held in years past.

Call me a Marxist, a Socialist, or whatever all day long. People are no longer bothered by such descriptions in the year 2011. Just pay your taxes and whine about it all day long. Sooner or later, if you live long enough, you will join the rest of America in becoming accustomed to a lifestyle that the taxpayers is funding for you as well.

July 28, 2011 at 7:56 p.m.
please login to post a comment

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.