So, the TEA Party fueled hissy fit that was just resolved cost $18 million, according to CNN Money. (Link HERE.)
While everyone is trying to put this debt ceiling bill in the best possible light, all I see is one the most expertly polished turds in recent history.
We didn't need to go through this. This was not necessary.
While everyone involved, including the President, is going to suffer some loss with their base on this bill, and they all deserve the losses they will incur... lets remember who called this meeting in the first place.
The TEA Party candidates.
They didn't want to budge an inch on anything. And everyone else threw everything on the table including the kitchen sink.
President Obama threw three sacred cows on the table. Social Security, Medicare and Medicaid. Just the act of declaring those cows were on the table was enough to infuriate his liberal base, and he will have to account to them for that by 2012. And the TEA Party didn't budge an inch.
The President placed his prospects for re-election in very real danger trying to get the TEA Party Patriots to take a single step in his direction... to avert a fiscal crisis of the TEA Party caucus' own making. And the TEA Party didn't budge an inch.
Right now, the President is looking like he took a big hit, and the GOP is looking like the cat that ate the canary.
To be precise, the extra cost is $18,458,654 more in interest payments than the government would have needed to pay investors just two weeks ago, when they were willing to accept far lower rates before the debt ceiling became a crisis.
"That's real money," said IHS Chief Economist Nariman Behravesh. "Taxpayers need to wake up to the fact that these kind of shenanigans in the end cost."
While everyone is trying to put this debt ceiling bill in the best possible light, all I see is one the most expertly polished turds in recent history.
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| $18 million worth of this is coating the entire Debt Ceiling Bill. Yummy. |
We didn't need to go through this. This was not necessary.
While everyone involved, including the President, is going to suffer some loss with their base on this bill, and they all deserve the losses they will incur... lets remember who called this meeting in the first place.
The TEA Party candidates.
They didn't want to budge an inch on anything. And everyone else threw everything on the table including the kitchen sink.
President Obama threw three sacred cows on the table. Social Security, Medicare and Medicaid. Just the act of declaring those cows were on the table was enough to infuriate his liberal base, and he will have to account to them for that by 2012. And the TEA Party didn't budge an inch.
The President placed his prospects for re-election in very real danger trying to get the TEA Party Patriots to take a single step in his direction... to avert a fiscal crisis of the TEA Party caucus' own making. And the TEA Party didn't budge an inch.
Right now, the President is looking like he took a big hit, and the GOP is looking like the cat that ate the canary.
The TEA Party isn't done trying to govern by hissy fit. There are going to be more opportunities for the electorate to figure that one out. This particular hissy fit almost blew up in everyone's face.
The next one... who knows?
But we do know one thing.
We now know that the President will work with the Congress we send him, and the TEA Party won't work with the President we send them.
I suspect that is going to matter in 2012.
No one ran on a platform of "if elected, I will default on the government's debt." I think the electorate expects the people we send to Washington to work with the other branch of government we elected.
The President isn't the only elected official who will have some 'splaining to do in 2012.
We shall see who gives the most satisfactory 'splanation.
The next one... who knows?
But we do know one thing.
We now know that the President will work with the Congress we send him, and the TEA Party won't work with the President we send them.
I suspect that is going to matter in 2012.
No one ran on a platform of "if elected, I will default on the government's debt." I think the electorate expects the people we send to Washington to work with the other branch of government we elected.
The President isn't the only elected official who will have some 'splaining to do in 2012.
We shall see who gives the most satisfactory 'splanation.
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