Pantsless Progressive

“Raising the debt ceiling is not equivalent to dispensing a blank check. In fact, Republicans, in Orwellian fashion, are turning black into white. With a blank check, a bearer is free to write (and then spend) any amount he or she places on the note. Thus, a blank check enables future spending. Raising the debt ceiling is about permitting the US government to cover past spending—and the blank checks of the past. These particular blank checks were issued by the Republicans during the Bush years. They voted (with the help of some Democrats) for wars in Afghanistan and Iraq without budgeting for them. They did the same with a Medicare prescription-drug benefit. They also green-lighted President Bush’s tax cuts without accounting for the drop in revenue they would cause. Together these blank checks account for two-thirds of the deficit, if not more. (See this chart.) By claiming the debt ceiling is the problem, the Republicans are blaming the bank for the bank robber’s action.” - David Corn
The GOP’s “Blank Check” Lie

Raising the debt ceiling is not equivalent to dispensing a blank check. In fact, Republicans, in Orwellian fashion, are turning black into white. With a blank check, a bearer is free to write (and then spend) any amount he or she places on the note. Thus, a blank check enables future spending. Raising the debt ceiling is about permitting the US government to cover past spending—and the blank checks of the past. These particular blank checks were issued by the Republicans during the Bush years. They voted (with the help of some Democrats) for wars in Afghanistan and Iraq without budgeting for them. They did the same with a Medicare prescription-drug benefit. They also green-lighted President Bush’s tax cuts without accounting for the drop in revenue they would cause. Together these blank checks account for two-thirds of the deficit, if not more. (See this chart.) By claiming the debt ceiling is the problem, the Republicans are blaming the bank for the bank robber’s action.” - David Corn

The GOP’s “Blank Check” Lie

Notes

  1. rantingnraging reblogged this from stfuconservatives
  2. dakinishir reblogged this from stfuconservatives and added:
    “Raising the debt ceiling is not equivalent to dispensing a blank check. In fact, Republicans, in Orwellian fashion, are...
  3. cifer reblogged this from shannibal-cannibal
  4. kiramorn reblogged this from motherjones
  5. humboldtoctober reblogged this from stfuconservatives
  6. jambos6 reblogged this from sp-a-m
  7. roman-numerals reblogged this from stfuconservatives
  8. owlsandelephants reblogged this from jessielikesmath
  9. rashers reblogged this from stfuconservatives
  10. youmakenosense reblogged this from stfuconservatives and added:
    The things being spewed from the Republicans make me absolutely sick.
  11. trulybadtiming reblogged this from bloodyrainbows
  12. scrimroar reblogged this from stfuconservatives and added:
    let’s be clear: Republicans are refusing to allow America to pay for Republican spending (and trying to make Liberals...
  13. habanerita reblogged this from motherjones and added:
    Well said. You gotta budget those IOUs
  14. pearlfectchassi reblogged this from hairtrending
  15. bfargz reblogged this from pantslessprogressive
  16. divineirony reblogged this from workonprogress
  17. picklemeister reblogged this from hamburgerjack
  18. 9pointsinscrabble reblogged this from stfuconservatives
  19. treatyoselfartie reblogged this from sp-a-m
  20. jessielikesmath reblogged this from motherjones and added:
    THIS. HOLY SHIT. THIS. Why can’t anyone listen to reason right now?!
  21. bunnyandducksboathouse reblogged this from stfuconservatives
  22. sanctuarial reblogged this from motherjones
  23. procrastinationnews reblogged this from stfuconservatives and added:
    This is the most clear and concise description of the American debt problem.
  24. carlbgood reblogged this from pantslessprogressive and added:
    last post on this bullshit. it’s just that I want everyone to know, I want it to be clear to every person what is...
  25. wickedkvnt reblogged this from stfuconservatives and added:
    I will never understand how some people think the debt/financial crisis is Obama’s fault … He was elected in fucking...
  26. sixkindsofbullshit reblogged this from randomactsofchaos
  27. bloodyrainbows reblogged this from stfuconservatives
  28. immortalnewsspork reblogged this from pantslessprogressive
  29. onlinejourno reblogged this from motherjones