Republicans Expect the Elderly, Poor and Unemployed to Pay Off Their Debt
Most Americans fail to recall when the elderly, poor, and unemployed Americans blew up the nation’s debt and deficit with two unfunded and unnecessary wars, huge tax cuts for the rich, and Wall Street greed that contributed to crashing the economy, killing millions of Americans’ jobs, and ushering in the Great Recession of 2008. For some curious reason, only Republicans remember that it was the poor, public sector workforce, and retirees who created the country’s economic malaise, and subsequently they are duty-bound to make them pay restitution with Draconian measures to enrich the insurance industry, satisfy Wall Street’s lust for the Social Security Trust, as well as provide the wealthy with a new round of tax cuts. To see their punitive measures through to fruition, Republicans are preparing a laundry list of their most coveted programs to eliminate for President Obama to choose from in exchange for raising the nation’s debt limit to repay the GOP’s debt and deficit they put on the nation’s credit card from 2001-2009 (the 2009 budget was George Bush’s).
As Republicans anticipate holding the nation’s creditworthiness hostage again in exchange for raising the debt ceiling, they fundamentally picked the most Draconian measures in Paul Ryan’s Heritage Foundation budget and will demand the President choose which demographic is going to suffer the most or force the nation into its first credit default in history. Republicans are big on historical firsts, and it was in 2011 that after 50 years of automatically raising the debt limit that they first demanded offsetting spending cuts for every dollar the debt limit was increased creating America’s first credit downgrade. For historical perspective, and to demonstrate the GOP’s criminal, and unconstitutional, economic hostage taking, Republicans raised the debt limit for George W. Bush seven times without slashing one penny from the budget. They did, however, specifically raise the debt limit in May 2003 to pay for $350 billion in tax cuts for the wealthiest Americans, and it is that type of debt Republicans are now insisting the elderly, poor, and infirm repay through loss of benefits they paid for during their working lives.