[C38] America Held Hostage
D McC
cat38skip at yahoo.com
Mon May 16 22:55:12 EDT 2011
Thank You Anders,
I think we needed to hear that. We all have out own beliefs and passions. Let's do our damnedest to keep our passion for our boats and sailing first and foremost in this group.
<><><><><><><><><><><><><><><><><><><><><><><><><><><>
Common Sense is a rare gift from the Gods.
Most people have only technical training!
<><><><><><><><><><><><><><><><><><><><><><><><><><><>
The gods do not deduct from man's allotted span those hours spent in sailing.
<><><><><><><><><><><><><><><><><><><><><><><><><><><>
When in doubt, try the vice You haven't tried before!
--- On Mon, 5/16/11, Anders Finn <anders at finn.ws> wrote:
From: Anders Finn <anders at finn.ws>
Subject: Re: [C38] America Held Hostage
To: listserve at catalina38.org
Date: Monday, May 16, 2011, 4:30 PM
Everyone,
We do not censor or review all messages before they come through.
Members who abuse this will dealt with.
Anders
Webmaster
On 05/16/2011 03:34 PM, Patrick Harpole wrote:
I totally agree.
Patrick
-----
Original Message -----
From:
D McC
To:
Catalina 38 Listserve
Sent:
Monday, May 16, 2011 2:51 PM
Subject:
Re: [C38] America Held Hostage
If this Horse$#!+ keeps showing up, I
am out of here.... Keep your religion and your politics to yourself !
<><><><><><><><><><><><><><><><><><><><><><><><><><><>
Common Sense is a rare gift from the Gods.
Most people have only technical training!
<><><><><><><><><><><><><><><><><><><><><><><><><><><>
The gods do not deduct from man's allotted span those hours spent in
sailing.
<><><><><><><><><><><><><><><><><><><><><><><><><><><>
When in doubt, try the vice You haven't tried before!
--- On Mon, 5/16/11, Patrick Harpole <1derful at comcast.net>
wrote:
From: Patrick Harpole <1derful at comcast.net>
Subject: Re: [C38] America Held Hostage
To: "Catalina 38 Listserve" <listserve at catalina38.org>
Date: Monday, May 16, 2011, 2:45 PM
How
did this political statement get on a sailing site?
Blue
eyes
San
Francisco Bay
-----
Original Message -----
From:
Don Strong
To:
Catalina 38
Listserve
Sent:
Monday, May 16, 2011 1:49 PM
Subject:
Re: [C38] America Held Hostage
Steve: You are a naughty boy! Don
On 5/16/11 1:39 PM, Steve Smolinske wrote:
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Can
we please limit political discussion on the board to only those that
are favorable to the Republican view point?
From: listserve-bounces at catalina38.org
[mailto:listserve-bounces at catalina38.org]
On Behalf Of Bill Haynes
Sent: Monday, May 16, 2011 1:32 PM
To: Catalina 38 Listserve
Subject: Re: [C38] America Held Hostage
Paul, you need to read this column
for what Paul Krugman says here is the honest to God truth.
Bill
May 15, 2011
New York Times
America Held
Hostage
By PAUL KRUGMAN
Six months ago President Obama faced a hostage
situation. Republicans threatened to block an extension of middle-class
tax cuts unless Mr. Obama gave in and extended tax cuts for the rich
too. And the president essentially folded, giving the G.O.P. everything
it wanted.
Now, predictably, the hostage-takers are back:
blackmail worked well last December, so why not try it again? This time
House Republicans say they will refuse to raise the debt ceiling — a
step that could inflict major economic damage — unless Mr. Obama agrees
to large spending cuts, even as they rule out any tax increase
whatsoever. And the question becomes what, if anything, will get the
president to say no.
The debt ceiling itself is a strange feature of U.S.
law: since Congress must vote to authorize spending and choose tax
rates, why have a second vote on whether to allow the borrowing that
these spending and taxation policies imply? In practice, however,
legislators have historically been willing to raise the debt ceiling as
necessary, so this quirk in our system hasn’t mattered very much —
until now.
What has changed? The answer is the radicalization
of the Republican Party. Normally, a party controlling neither the
White House nor the Senate would acknowledge that it isn’t in a
position to impose its agenda on the nation. But the modern G.O.P.
doesn’t believe in following normal rules.
So what will happen if the ceiling isn’t raised? It
has become fashionable on the right to assert that it would be no big
deal. On Saturday the editorial page of The Wall Street Journal
ridiculed those worried about the consequences of hitting the ceiling
as the "Armageddon lobby."
It’s hard to know whether the "what, us worry?"
types believe what they’re saying, or whether they’re just staking out
a bargaining position. But in any case, they’re almost surely wrong:
seriously bad consequences will follow if the debt ceiling isn’t raised.
For if we hit the debt ceiling, the government will
be forced to stop paying roughly a third of its bills, because that’s
the share of spending currently financed by borrowing. So will it stop
sending out Social Security checks? Will it stop paying doctors and
hospitals that treat Medicare patients? Will it stop paying the
contractors supplying fuel and munitions to our military? Or will it
stop paying interest on the debt?
Don’t say "none of the above." As I’ve written
before, the federal government is basically an insurance company with
an army, so I’ve just described all the major components of federal
spending. At least one, and probably several, of these components will
face payment stoppages if federal borrowing is cut off.
And what would such payment stops do to the economy?
Nothing good. Consumer spending would probably crash, as nervous
seniors started wondering how to pay for rent and food. Businesses that
depend on government purchases would slash payrolls and cancel
investments.
Furthermore, markets might well panic, especially if
interest payments are missed. And the consequences of undermining faith
in U.S. debt might be especially severe because that debt plays a
crucial role in many financial transactions.
So hitting the debt ceiling would be a very bad
thing. Unfortunately, it may be unavoidable.
Why? Because this is a hostage situation. If the
president and his allies operate on the principle that failure to raise
the debt ceiling is an unthinkable outcome, to be avoided at all cost,
then they have ceded all power to those willing to bring that outcome
about. In effect, they will have ripped up the Constitution and given
control over America’s government to a party that only controls one
house of Congress, but claims to be willing to bring down the economy
unless it gets what it wants.
Now, there are good reasons to believe that the
G.O.P. isn’t nearly as willing to burn the house down as it claims.
Business interests have made it clear that they’re horrified at the
prospect of hitting the debt ceiling. Even the virulently anti-Obama
U.S. Chamber of Commerce has urged Congress to raise the ceiling "as
expeditiously as possible." And a confrontation over spending would
only highlight the fact that Republicans won big last year largely by
promising to protect Medicare, then promptly voted to dismantle the
program.
But the president can’t call the extortionists’
bluff unless he’s willing to confront them, and accept the associated
risks.
According to Harry Reid, the Senate majority leader,
Mr. Obama has told Democrats not to draw any "line in the sand" in debt
negotiations. Well, count me among those who find this strategy
completely baffling. At some point — and sooner rather than later — the
president has to draw a line. Otherwise, he might as well move out of
the White House, and hand the keys over to the Tea Party.
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--
Donald R. Strong
Professor
Dept. of Evolution and Ecology
University of California, Davis 95616
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