Do you have an adjustable rate mortgage? Are you planning on buying a house? Do you have credit card debt? Are you planning on buying a car in the near future? If you answered "Yes" to any of these questions you are completely screwed. Because the Republicans in the House and Senate hate Barack Obama and the Democrats so much and want to regain power so badly they are purposely tanking ecomony hoping that the American public is too stupid and uninformed to see that this whole Debt-Ceiling mess is their fault and blame the President for all of our economic woes.
Fact 1: Mitch McConnell, Senate Republican leader said that his primary objective is to "make Obama a one-term president". Mind you... not job creation or deficit reduction. Ruining the President of the United States.
Fact 2: The Republicans need cover for the disastrous vote on the Ryan Budget Plan that eviscerates Medicare and Medicaid as well as Social Security, all things that Republicans have been trying to do away with since their inception.
Fact 3: President Obama has given the Republicans everything they have asked for in these debt negotiations. Raising the debt ceiling while offsetting the raise by an equal amount of cuts and no revenue increases (Harry Reid's plan) that would close corporate tax loopholes that provide the richest Americans a lower tax rate than I have. The only condition the President has is that the debt ceiling be raised until after the elections in 2012 so that there will be no political maneuvering on something so important to the financial stability of the government and that the financial markets won't be subjected to this spectacle in six-nine months.
And yet they still say no. So you people out there who say that Washington is broken and that both parties are to blame I say look at your financial statements after the Republicans force a default on the debt. Watch your interest rates skyrocket. The Republicans got us into this mess with tax cuts during war time, off-the-books wars, unfunded Medicare benefits and Wall Street bailouts, and they want us to trust them with our financial security? Are they fucking nuts? The answer is a resounding "YES!!"