About 'us debt statistics'|...Bully for them; for the rest of us, record national debt, record personal debts, record...population, until/unless new and reliable poverty statistics are compiled -- remain...
Ｓｏ ｗｅ ｓａｗ ｔｈｉｓ ｃｏｍｉｎｇ. Ｉ, ａｌｏｎｇ ｗｉｔｈ ｍｕｃｈ ｍｏｒｅ ｉｎｆｌｕｅｎｔｉａｌ ａｎｄ ｓｍａｒｔｅｒ ｃｏｍｍｅｎｔａｔｏｒｓ, ｓａｉｄ ｔｈｅ ｄｅｂｔ ｃｅｉｌｉｎｇ ｗｏｕｌｄ ｂｅ ｒａｉｓｅｄ, ｂｕｔ ｔｈｅ ｄｅａｌ ｗａｓ ｇｏｉｎｇ ｔｏ ｒｅａｌｌｙ ｓｕｃｋ ａｎｄ ｍａｋｅ ｓｉｇｎｉｆｉｃａｎｔ ｃｕｔｓ ｗｉｔｈ ｎｏ ｒｅａｌ ｒｅｖｅｎｕｅｓ. Ｅｖｅｎ ｔｈｅ Ｗａｌｌ Ｓｔｒｅｅｔ Ｊｏｕｒｎａｌ Ｅｄｉｔｏｒｉａｌ Ｂｏａｒｄ ｋｎｏｗｓ ｔｈａｔ ｔｈｉｓ ｗａｓ ａ ｖｅｒｙ ｇｏｏｄ ｄｅａｌ ｆｏｒ Ｒｅｐｕｂｌｉｃａｎｓ, ａｓ ｓｈｏｗｎ ｂｙ Ｓｔｅｐｈｅｎ Ｍｏｏｒｅ'ｓ ａｒｔｉｃｌｅ ｄｅｃｌａｒｉｎｇ ａ ｖｉｃｔｏｒｙ ｉｎ ｔｈｅ ｄｅｂａｔｅ ｆｏｒ ｔｈｅ Ｒｅｐｕｂｌｉｃａｎｓ. Ａｎｏｔｈｅｒ Ｗａｌｌ Ｓｔｒｅｅｔ Ｊｏｕｒｎａｌ ｐｉｅｃｅ ｃａｌｌｅｄ ｔｈｅ ｄｅａｌ " Ａ Ｔｅａ Ｐａｒｔｙ Ｔｒｉｕｍｐｈ " ａｎｄ ｔｈａｔ "ｔｈｅ ｄｅｂｔ ｄｅａｌ ｉｓ ａ ｒａｒｅ ｂｉｐａｒｔｉｓａｎ ｖｉｃｔｏｒｙ ｆｏｒ ｔｈｅ ｆｏｒｃｅｓ ｏｆ ｓｍａｌｌｅｒ ｇｏｖｅｒｎｍｅｎｔ". Ｔｈｅ ａｒｔｉｃｌｅ ｓａｉｄ ｉｔ ｗａｓ ｔｈｅ ｂｉｇｇｅｓｔ "ｖｉｃｔｏｒｙ" ｓｉｎｃｅ ｗｅｌｆａｒｅ "ｒｅｆｏｒｍ" ｉｎ 1996 ｕｎｄｅｒ Ｂｉｌｌ Ｃｌｉｎｔｏｎ. Ｏｖｅｒ 60% ｏｆ ｐｅｏｐｌｅ ｄｉｓａｐｐｒｏｖｅ ｏｆ ｔｈｅ ｄｅａｌ ｂｅｃａｕｓｅ ｉｔ ｃｏｎｔａｉｎｓ ｎｏ ｒｅｖｅｎｕｅｓ (ｔａｘｅｓ). Ｔｈｅｒｅ ｗａｓ ａ ｐｉｅｃｅ ｉｎ Ｆｏｒｂｅｓ (ｙｅｓ Ｆｏｒｂｅｓ!) ｃａｌｌｉｎｇ ｆｏｒ ｐｒｉｖａｔｅ ｗｅａｌｔｈ ｔｈａｔ ｈａｓ ｂｅｅｎ ｏｆｆ-ｓｈｏｒｅｄ ｔｏ ｂｅ ｔａｘｅｄ. Ｔｈｅｒｅ ａｒｅ 15-20 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒｓ ｏｆ ｗｅａｌｔｈ ｆｒｏｍ ｂａｎｋｅｒｓ ａｎｄ ｂｉｌｌｉｏｎａｉｒｅｓ ｓｉｔｔｉｎｇ ｏｆｆｓｈｏｒｅ. Ｒｅｍｅｍｂｅｒ ｔｈａｔ ｔｈｅ ｎａｔｉｏｎａｌ ｄｅｂｔ ｓｉｔｓ ａｔ ａｂｏｕｔ 14.3 ｔｒｉｌｌｉｏｎ ｄｏｌｌａｒｓ. Ａｌｌ ｏｆ ｔｈｅ ｍａｊｏｒ ｌｅａｄｅｒｓ ａｒｅ ｖｉｅｗｅｄ ｌｅｓｓ ｆａｖｏｒａｂｌｙ ｂｙ ｔｈｅ ｐｏｐｕｌａｔｉｏｎ ｂｅｃａｕｓｅ ｏｆ ｔｈｅ ｄｅｂｔ ｆｉｇｈｔ. Ｅｖｅｎ Ｊｏｈｎ Ｋｅｒｒｙ (ｗｈｏ ｒｅｐｒｅｓｅｎｔｓ ｅｖｅｒｙｔｈｉｎｇ ｔｈａｔ ｉｓ ｗｒｏｎｇ ｗｉｔｈ Ｗａｓｈｉｎｇｔｏｎ, ｗｉｔｈ ｈｉｓ ｗｅａｌｔｈ ａｎｄ ｃｏｒｒｕｐｔｉｏｎ) ｈａｓ ｓａｉｄ ｔｈａｔ ｈｅ " ｈａｓ ｎｅｖｅｒ ｓｅｅｎ ｔｈｅ ｇｏｖｅｒｎｍｅｎｔ ｐｒｏｃｅｓｓ ｓｏ ｂｒｏｋｅｎ ". Ｐｏｌｌｓ ｓｈｏｗ ｔｈａｔ ｐｅｏｐｌｅ ａｒｅ ｐｅｓｓｉｍｉｓｔｉｃ ａｂｏｕｔ ｔｈｅ ｐｒｏｍｉｓｅｄ ｐｒｏｔｅｃｔｉｏｎｓ ｉｎ ｔｈｅ Ａｆｆｏｒｄａｂｌｅ Ｈｅａｌｔｈ Ｃａｒｅ Ａｃｔ. Ｗｈｏ ｃａｎ ｂｌａｍｅ ｔｈｅｍ? Ｔｈｉｓ ｗｈｏｌｅ ｄｅｂｔ ｃｅｉｌｉｎｇ ｆａｃａｄｅ ａｇａｉｎ ｓｈｏｗｓ ｔｈａｔ ｏｕｒ ｐｏｌｉｔｉｃｉａｎｓ ａｒｅ ｂｏｕｇｈｔ ｂｙ ｓｐｅｃｉａｌ ｉｎｔｅｒｅｓｔｓ. Ｔｈｅ ｃｕｔｓ ｗｉｌｌ ｂｅ ａｒｏｕｎｄ $ 2 ｔｒｉｌｌｉｏｎ ｌｏｎｇ ｔｅｒｍ . Ｔｈｅ Ｓｔｏｃｋ Ｍａｒｋｅｔ ｍｏｍｅｎｔａｒｉｌｙ ｒａｌｌｉｅｄ ｏｎ Ｍｏｎｄａｙ, ｂｕｔ ｔｈｅｎ ｓｕｎｋ ｂａｃｋ ｄｏｗｎ ｂｅｃａｕｓｅ ｏｆ ａ ｔｅｒｒｉｂｌｅ ｍａｎｕｆａｃｔｕｒｉｎｇ ｒｅｐｏｒｔ , ａｇａｉｎ ｒｅｍｉｎｄｉｎｇ ｕｓ ｔｈｅ ｂｉｇ ｐｒｏｂｌｅｍ ｉｓ ｎｏｔ ｔｈｅ ｄｅｂｔ, ｂｕｔ ｊｏｂｓ. Ｐｅｌｏｓｉ ｃｌａｉｍｓ ｔｈａｔ ｔｈｅｙ "ｓａｖｅｄ" Ｍｅｄｉｃａｒｅ ａｎｄ Ｓｏｃｉａｌ Ｓｅｃｕｒｉｔｙ, ｂｕｔ ｔｈｅ ｔｒｉｇｇｅｒｓ ｉｎ ｔｈｅ ｄｅａｌ ｃｏｕｌｄ ａｃｔｕａｌｌｙ ｍａｋｅ ｄｅｅｐ ｃｕｔｓ ｉｎ ｔｈｏｓｅ ｐｒｏｇｒａｍｓ. Ｈａｒｒｙ Ｒｅｉｄ ｃｌａｉｍｓ ｔｈａｔ "ｔｈｉｓ ｉｓ ｗｈａｔ ｃｏｍｐｒｏｍｉｓｅ ｉｓ ａｌｌ ａｂｏｕｔ". Ｓｐｅａｋｅｒ Ｂｏｅｈｎｅｒ ａｄｍｉｔｓ ｔｈａｔ ｈｅ ｇｏｔ 98 ｐｅｒｃｅｎｔ ｏｆ ｗｈａｔ ｈｅ ｗａｎｔｅｄ ｉｎ ｔｈｅ ｄｅａｌ, ｃａｎ ｙｏｕ ｃａｌｌ ｔｈａｔ ｃｏｍｐｒｏｍｉｓｅ? Ｏｎｅ ｏｆ ｔｈｅ ｍｏｒｅ ｂｉｚａｒｒｅ ｆｅａｔｕｒｅｓ ｏｆ ｔｈｅ ｄｅａｌ ｉｓ ｔｈｅ ｓｏ-ｃａｌｌｅｄ "Ｓｕｐｅｒ Ｃｏｎｇｒｅｓｓ". Ｔｈｅｒｅ ｉｓ ｄｅｂａｔｅ ｏｎ ｈｏｗ ｔｈｅ 12 ｌａｗｍａｋｅｒ "Ｓｕｐｅｒ Ｃｏｎｇｒｅｓｓ" ｗｉｌｌ ｂｅ ａｐｐｏｉｎｔｅｄ. Ｉｔ'ｓ ｐｒｅｔｔｙ ｏｂｖｉｏｕｓ ｈｏｗ ｔｈｉｓ ｗｉｌｌ ｗｏｒｋ ａｓ ｔｈｅ Ｎａｔｉｏｎａｌ Ｊｏｕｒｎａｌ ｈｉｎｔｓ "Ｔｈｅ ｓｏ-ｃａｌｌｅｄ ｓｕｐｅｒ ｃｏｍｍｉｔｔｅｅ ｔｈａｔ ｗｏｕｌｄ ｂｅ ｒｅｓｐｏｎｓｉｂｌｅ ｆｏｒ ｃｕｔｔｉｎｇ $1.5 ｔｒｉｌｌｉｏｎ ｆｒｏｍ ｔｈｅ ｆｅｄｅｒａｌ ｄｅｆｉｃｉｔ ｉｓ ｐｏｉｓｅｄ ｔｏ ｃｒｅａｔｅ ａ ｎｅｗ ｃｌａｓｓ ｏｎ Ｋ Ｓｔｒｅｅｔ: Ｔｈｅ Ｓｕｐｅｒｌｏｂｂｙｉｓｔｓ." Ａｎｄ ｗｈｅｎ ｔｈｅ 12 ａｒｅ ｐｉｃｋｅｄ, ｇｕｅｓｓ ｗｈｏ ｔｈｅｙ ｗｉｌｌ ｌｉｓｔｅｎ ｔｏ. Ｔｈｅ Ｎｅｗ Ｙｏｒｋ Ｔｉｍｅｓ ｒｅｐｏｒｔｓ ｔｈａｔ Ｗａｌｌ Ｓｔｒｅｅｔ ｗａｓ ｉｎ ｃｌｏｓｅ ｃｏｎｔａｃｔ ｗｉｔｈ ｐｏｌｉｔｉｃｉａｎｓ ｗｈｅｎ ｔｈｅ ｄｅａｄｌｉｎｅ ｎｅａｒｅｄ. Ｉｎ ｆａｃｔ, ｉｔ ｓｅｅｍｓ ｔｈａｔ ｔｈｅｙ ｌｅｃｔｕｒｅｄ ｂｏｔｈ ｐａｒｔｉｅｓ ｉｎ ｒｅｇａｒｄｓ ｏｆ ｔｈｅ ｄｅｂｔ ｃｅｉｌｉｎｇ. Ｗａｌｌ Ｓｔｒｅｅｔ'ｓ ｐｏｗｅｒ ｉｎ Ｗａｓｈｉｎｇｔｏｎ ｗａｓ ｔｈｅ ｒｅａｓｏｎ ｔｈａｔ ｔｈｅ ｄｅｂｔ ｃｅｉｌｉｎｇ ｗａｓ ｒａｉｓｅｄ, ａｎｄ ｉｔ ｗｉｌｌ ｈａｖｅ ａ ｈｕｇｅ ｉｎｆｌｕｅｎｃｅ ｏｎ ｔｈｅ "Ｓｕｐｅｒ Ｃｏｎｇｒｅｓｓ". Ｔｉｍ Ｃａｒｎｅｙ ｄｉａｇｎｏｓｅｓ ｔｈｅ ｓｉｔｕａｔｉｏｎ ｗｅｌｌ, ｂｙ ｎｏｔｉｎｇ ｔｈａｔ ｔｈｅ Ｄｅｍｏｃｒａｔｓ (ｅｓｐｅｃｉａｌｌｙ Ｏｂａｍａ) "ｐｕｔ ｐｏｌｉｔｉｃｓ ｏｖｅｒ ｐｏｌｉｃｙ". Ｈｅ ｗｒｉｔｅｓ ｔｈａｔ Ｏｂａｍａ ａｂａｎｄｏｎｅｄ ｓｈａｒｅｄ ｓａｃｒｉｆｉｃｅ ａｎｄ Ｋｅｙｎｅｓｉａｎ ｅｃｏｎｏｍｉｃｓ. Ｉｎｓｔｅａｄ, ｈｉｓ ｇｏａｌ ｗａｓ ｔｏ "ａｔｔｅｍｐｔ ｔｏ ｊｏｃｋｅｙ ｆｏｒ ｂｅｔｔｅｒ ｐｏｓｉｔｉｏｎ -- ｉｎ ｔｅｒｍｓ ｏｆ ｆｕｎｄｒａｉｓｉｎｇ". Ｔｈｅ ｆｉｎａｌ ｋｉｃｋｅｒ ｆｒｏｍ Ｃａｒｎｅｙ, "Ｄｅｍｏｃｒａｔｓ' ｗｉｌｌｉｎｇｎｅｓｓ ｔｏ ｃｏｍｐｒｏｍｉｓｅ ｄｏｅｓｎ'ｔ ｒｅｆｌｅｃｔ ｓｕｐｅｒｉｏｒ ｍａｔｕｒｉｔｙ ｔｏ ｔｈｅ ｍｏｒｅ ｒｉｇｉｄ Ｒｅｐｕｂｌｉｃａｎｓ. Ｑｕｉｔｅ ｔｈｅ ｃｏｎｔｒａｒｙ: Ｉｔ ｒｅｆｌｅｃｔｓ ｃａｒｉｎｇ ｌｅｓｓ ａｂｏｕｔ ｐｏｌｉｃｙ ｔｈａｎ ａｂｏｕｔ ｐｏｌｉｔｉｃｓ." Ｔｈｅ Ｎｅｗ Ｙｏｒｋ Ｔｉｍｅｓ ｃｏｒｒｅｃｔｌｙ ｗｒｉｔｅｓ ｔｈａｔ "Ｍｒ. Ｏｂａｍａ...ｈａｓ ａｄｏｐｔｅｄ ｔｈｅ Ｒｅｐｕｂｌｉｃａｎｓ' ｌａｎｇｕａｇｅ ａｎｄ ｉｎ ｓｏｍｅ ｃａｓｅｓ ｔｈｅｉｒ ｐｏｌｉｃｉｅｓ". Ｓｅｎａｔｅ ｓｏｕｒｃｅｓ ｓｈｏｗ ｔｈａｔ Ｏｂａｍａ ｗａｓ ｗｉｌｌｉｎｇ ｔｏ ｉｎｖｏｋｅ ｔｈｅ 14ｔｈ ａｍｅｎｄｍｅｎｔ ａｎｄ ｒａｉｓｅ ｔｈｅ ｃｅｉｌｉｎｇ ｈｉｍｓｅｌｆ ｉｆ ｔｈｅ ｖｏｔｅ ｆａｉｌｅｄ. Ｔｈｉｓ ｓｈｏｗｓ ｔｈａｔ ｈｅ ｏｂｖｉｏｕｓｌｙ ｗａｎｔｅｄ ｔｈｉｓ ｎｏｎ-ｃｏｍｐｒｏｍｉｓｅ, ｏｒ ｈｅ ｗｏｕｌｄ ｈａｖｅ ｊｕｓｔ ｒａｉｓｅｄ ｔｈｅ ｃｅｉｌｉｎｇ. Ｊｏｈｎ Ｃｏｎｙｅｒｓ, ａ ｋｅｙ Ｄｅｍｏｃｒａｔ ｏｕｔ ｏｆ ｔｈｅ Ｈｏｕｓｅ, ｐｏｉｎｔｓ ｏｕｔ ｔｈａｔ Ｂｏｅｈｎｅｒ ａｎｄ Ｃａｎｔｏｒ ｄｉｄｎ'ｔ ｐｕｔ Ｓｏｃｉａｌ Ｓｅｃｕｒｉｔｙ ｏｎ ｔｈｅ ｔａｂｌｅ, ｉｔ ｗａｓ Ｐｒｅｓｉｄｅｎｔ Ｏｂａｍａ . Ｍａｋｅ ｎｏ ｍｉｓｔａｋｅ, Ｏｂａｍａ ｗａｎｔｅｄ ｔｈｅｓｅ ｃｕｔｓ . Ｆｏｒ ｔｈｏｓｅ ｔｈａｔ ｗａｎｔ ｔｏ ｑｕｉｃｋｌｙ ａｒｇｕｅ ｗｉｔｈ ｍｅ ｔｈａｔ Ｏｂａｍａ ｉｓ ｔｈｅ "ｇｏｏｄ ｇｕｙ" ａｎｄ ｉｔｓ ｔｈｅ Ｒｅｐｕｂｌｉｃａｎｓ ｔｈａｔ ａｒｅ ｐｕｓｈｉｎｇ ｔｈｅ ｄｅｅｐ ｃｕｔｓ ａｎｄ ｗｏｒｋｉｎｇ ｆｏｒ Ｗａｌｌ Ｓｔｒｅｅｔ ａｎｄ Ｆｉｎａｎｃｅ, ｐｌｅａｓｅ ｌ ｏｏｋ ａｔ ｔｈｅｓｅ ｓｔａｔｉｓｔｉｃｓ . Ｐｒｅｓｉｄｅｎｔｉａｌ ｉｎａｕｇｕｒａｔｉｏｎｓ ａｒｅ ｐｒｉｖａｔｅｌｙ ｐａｉｄ ｆｏｒ (ｔｈｉｓ ｗａｙ ｔａｘｐａｙｅｒｓ ｄｏｎ'ｔ ｐａｙ ｆｏｒ ｉｔ, ｂｕｔ ｉｔ ａｌｌｏｗｓ ｓｐｅｃｉａｌ ｉｎｔｅｒｅｓｔｓ ｇｒｏｕｐｓ ｔｏ ｐａｙ ｆｏｒ ｉｔ ａｎｄ ｇｅｔ ｓｏｍｅｔｈｉｎｇ ｉｎ ｒｅｔｕｒｎ). Ｗｈｏ ｗａｓ ｔｈｅ ｎｕｍｂｅｒ ｏｎｅ ｄｏｎｏｒ ｔｏ Ｏｂａｍａ'ｓ ｉｎａｕｇｕｒａｔｉｏｎｓ? Ｂｉｇ ｆｉｎａｎｃｅ ａｔ ｏｖｅｒ 9 ｍｉｌｌｉｏｎ ｄｏｌｌａｒｓ (ｗｉｔｈ ｏｖｅｒ 5 ｍｉｌｌｉｏｎ ｆｒｏｍ "ｍｉｓｃｅｌｌａｎｅｏｕｓ ｂｕｓｉｎｅｓｓ"). Ｌａｗｙｅｒｓ ａｎｄ Ｌｏｂｂｙｉｓｔｓ ｃｏｍｂｉｎｅｄ ｆｏｒ ｎｅａｒｌｙ 5 ｍｉｌｌｌｉｏｎ. Ｈｏｗ ｍｕｃｈ ｄｉｄ Ｌａｂｏｒ ａｎｄ Ｕｎｉｏｎｓ ｇｉｖｅ? Ｌｅｓｓ ｔｈａｎ $30,000. Ｇｕｅｓｓ ｗｈｏ Ｏｂａｍａ ｉｓ ｗｏｒｋｉｎｇ ｆｏｒ. Ｔｈｅ ｐｏｌｉｔｉｃｉａｎｓ (ａｎｄ ｔｈｅｉｒ ｓｐｅｃｉａｌ ｉｎｔｅｒｅｓｔｓ) ｗｏｎ, ａｎｄ ｗｅ ａｌｌ ｌｏｓｔ. |
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