Purportedly, August 2nd is the date on which the debate over raising the debt ceiling will reach critical mass. While President Barack Obama has publicly stated that, after said date, Social Security checks and other government checks will no longer be sent out, the true damage will be done when US bond ratings are downgraded. Such developments will not only wreak havoc upon the American economic but, moreover, will drag down the already foundering international economy. While many throughout the conservative punditry and blogosphere have continually contemptuously criticized the Obama’s administration for being to apologetic—ostensibly for the eight years of Bush’s administration—towards foreign policy, the US defaulting on its debt would be a foreign policy calamity and, what’s more, economic catastrophe of international proportions. While the GOP leadership’s proposals have been replete with irresponsibility, the democrat’s responses—not including the Obama administration--has been nearly bereft of ideas.
Moderate and centrist pundits and writers drew massive critique when they praised Paul Ryan’s proposed budget. The praise was not given due to original thinking or, what’s more, political genius. Mr. Ryan’s praises were written, comparatively, in the appetence that GOP leaders attempt to offer any solution to the current situation.
While the GOP has submitted a policy which is, not only, economically useless, but, politically genius,. The GOP has proffered legislation that protects the Bush tax cuts. The Democrats—sans Obama, has shown itself to be completely bereft actual policy rhetoric.
