The Republican theology is that Obamacare is extremely unpopular: a
recent poll found that 43 percent of Americans favored the law and 54
percent opposed it. But all such polls find that 16 percent or so
believe the law doesn’t go far enough. In other words, about 59 percent
of Americans support the law or something even more far-reaching. You
won’t find that in any Republican talking points.
There are about 40 people in a 435-member House of Representatives who
are so angry they are ready to blow up the economy. They are part of a
reactionary political movement funded by corporate interests and
plutocrats like the Koch brothers to oppose government.
Because of this radical faction, the government appears headed for a
shutdown Oct. 1, and possibly a first-ever default on the federal debt.
Former Reagan Treasury Secretary James Baker III has said, “A failure to
pay what is already due will cause certain and serious harm to our
credit, financial markets, and our citizens.”
He could have added that it might also result in the dollar being
displaced as a reserve currency, inevitably causing interest rates to go
up. Baker noted that Reagan raised the debt limit 17 times during his
eight years in office.
The reality is that no administration can spend a dime unless it is
appropriated by Congress. In other words, the entire debt was agreed to
by the House. Having spent the money, they now refuse to allow the
government to borrow enough money to pay the bills. Meanwhile, the House
just passed another spending bill at the same time they are undermining
the country’s credit rating.
http://voxverax.blogspot.com/2013/09/gop-actions-on-aca-hurt-economy.html
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