Thursday, 21 July 2011

Failure to Pass the CCB Will Herald the End of Dirty Socialisms. Count On It.

Jai singh | 20:09 | | | | |
Cut, Cap and Balance vote FRIDAY, 7/22/11. Please call your Senators at 202-224-3121, and urge your friends to do the same.



So, Harry Reid couldn’t manage to pass a Senate budget (800-some days and counting) but trips all over himself to get the Cut, Cap and Balance vote moved up to tomorrow. Bill Wilson ‘splains things to these bastards, who have no real timely choice left but to pass CCB, because Judgment Day is fast approaching...

But if they vote to reject “Cut, Cap, and Balance,” resulting in a downgrade, members risk guaranteeing a future of more austerity, more pain, and more uncertainty for their own constituents. ...

It will tear our society apart. For, the effects of a credit downgrade will be even more far-reaching than just state and municipal debt markets. It will affect real interest rates, lead to inflation, and even higher unemployment. It risks everything from pension funds to mortgage-backed securities.

But it’s even worse than that. A downgrade will most likely crash markets all over the world, erasing trillions of dollars of wealth in the blink of an eye. And it will be on the head of every senator who voted against “Cut, Cap, and Balance” — not to mention Barack Obama, who has sworn to veto it.

A Democratic Party failure to appease S& (eat your)P’s might very well signal the beginning of the end of dirty socialisms. It’d then be a matter (for the survivors) of picking up the peases the morning(s) after.

Two-thirds of Americans favor passage of CCB. Is that enough to sway some of these Democratic Senators who once said they favored a Balanced Budget Amendment?

Hey, Congressperps! Got Spenditol ?




Cut, Cap and Balance vote FRIDAY. Please call your Senators at 202-224-3121, and urge your friends to do the same.


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