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  Romney thinks the U.S. should have defaulted on its debt

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Author Topic:   Romney thinks the U.S. should have defaulted on its debt

Posts: 2020
From: 1,981 mi East of Truth or Consequences NM
Registered: Apr 2009

posted September 11, 2012 08:23 AM     Click Here to See the Profile for Node     Edit/Delete Message   Reply w/Quote

The Hill:

GOP presidential candidate Mitt Romney in an interview on NBC's "Meet the Press" airing Sunday criticizes GOP leaders, including his own running mate Rep. Paul Ryan (R-Wis.), for agreeing to the August 2011 debt-ceiling deal.

Romney was asked about the $109 billion automatic spending cut known as the sequester that is due to hit in January. Some $55 billion comes from the defense budget.


The debt-ceiling deal was forged by Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden hours before the United States was set to exceed its debt ceiling and begin defaulting on its obligations.

His point here is to attack the military spending cuts, and thereby to try to paint himself as tough on defense -- understandably so after his failure to thank the troops in his acceptance speech in Tampa and the Democrats' strong record on national security, on full display this past week in Charlotte.

It was President Obama, after all, who ordered the strike that took out Osama bin Laden. It has been President Obama who has aggressively targeted America's al Qaeda and Taliban enemies, with great success. And it is the Democrats, with President Obama leading them, and with so much good work done by Michelle Obama and others, who have provided America's men and women in uniform with so much support upon their return.

In contrast, Romney has proven to be not just a lightweight on foreign and military matters but an utter embarrassment, bringing ridicule upon himself throughout his overseas trip this summer and otherwise proving to be grossly ignorant on world affairs and U.S. policy. (Russia is America's #1 enemy?!)

But this isn't just about going hard on military spending, saying that he'd spend more than Obama, even though spending more for no reason other than to spend more, and without any real purpose, is a huge part of the current fiscal problem.

Looking back, as Romney does in this interview, it's about how these relatively meager cuts came to be, and that was through a last-minute deal, with the country standing on the brink of default, to avoid disaster. Even most Republicans at time time knew that the game was up, that a deal had to be done, that their ongoing efforts to hold the country hostage had to end, at least temporarily. Defaulting would have send shockwaves not just through the U.S. economy but around the world. This is why prior to that standoff, initiated by Republican ideological extremism and unwillingness to compromise with the president, presidents both Republican and Democratic had kept pushing for debt ceiling increases, and why Congress had always gone along.

And yet here's Mitt Romney, seeking the highest office in the land, offering himself to the American people as the sort of competent, business-savvy manager the country supposedly needs at this time of economic difficulty, criticizing even the extremists in his party who went along with the deal (like his own running mate), basically saying the country should have been allowed to go into default. And all because he wants to pretend he's a tough guy?

Look, this is the same guy who thought Detroit should go bankrupt. So it's hardly any wonder he now says the U.S. should just have defaulted on its debt.

It's incredibly irresponsible as a policy position, showing that his business experience doesn't mean he knows anything about actually running the country, and it's just another pathetic attempt to bolster his image as something other than a recklessly out-of-touch, flip-flopping opportunist.

Too bad for him it's just so transparently obvious.

Binney left the NSA in late 2001, shortly after the agency launched its warrantless-wiretapping program. “They violated the Constitution setting it up,” he says bluntly. “But they didn’t care. They were going to do it anyway, and they were going to crucify anyone who stood in the way. When they started violating the Constitution, I couldn’t stay.”

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Posts: 3994
From: Chennai, India
Registered: Apr 2009

posted September 11, 2012 09:13 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
He can make more money when the US goes bankrupt, by shorting the US Dollar.
That is all that matters to him, making a few dollars more to cover his losses in the previous failed bid. After he covers the shorts, he can announce some policy that helps boost the US dollar. Old School "George Soros" techniques of profiteering from engineered currency crisis.

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Posts: 2020
From: 1,981 mi East of Truth or Consequences NM
Registered: Apr 2009

posted September 11, 2012 09:17 AM     Click Here to See the Profile for Node     Edit/Delete Message   Reply w/Quote
Succinct analysis iQ. Thanks for the reply~

If you have a problem that is not only impossible to solve but also boring, find yourself a fascinating new problem that will render the old problem irrelevant. ~Rob Brezsny

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Posts: 5777
From: Madeira Beach, FL USA
Registered: Apr 2009

posted September 11, 2012 10:03 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote


That's the conclusion leftist airheads want to draw, to make a political statement...from what Romney did say.

And guess what! Romney is right. To turn the debt matter over to a so called super committee to reach an agreement..which bypasses Congress and/or then reduces US debt all in ONE (1) place...the US military by 600 BILLION DOLLARS is one of the most stupid things Republicans could have agreed to do. And I don't give a rat's ass who those Republicans are.

But, I do care when leftist airheads mischaracterize what Romney says.

Leftist airhead's ploys with Romney's dog, Romney as the high school bully, Romney as the corporate raider, Romney as the cancer causing CEO of Bain, Romney as the jobs killer, Romney's war on women, Romney's wife's horse are all laughable failures.

But I suppose when you don't have anything with which you can point at with pride that your little Marxist Messiah dunce O'Bomber has done in 4 years of infesting the White House, you must get everyone's attention off the dunce and on someone else.

It's OK, I understand and at least, this keeps you out of trouble and off the streets. I mean, you could be hanging with the Occupier crowd, throwing rocks at police, burning tires in the streets, breaking storefront windows and maybe catching some social disease.

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