Bernie Sanders "They Already Have Obama Making Far More Concessions Than He Should Have!"

[democracy1st]

Run time: 12:08 https://www.youtube.com/watch?v=sYasbmPh8K0   Posted on YouTube: July 14, 2011 By YouTube Member: MOXNEWSd0tCOM Views on YouTube: 292   Posted on DU: July 14, 2011 By DU Member: democracy1st Views on DU: 1082

 
Sen. Bernie Sanders

The clock is ticking on a deadline for Congress to raise the debt ceiling, but no breakthrough was in sight after a week of daily meetings at the White House. Sizing up what he called "the craziness and chaos," Sen. Bernie Sanders assessed the options. His No. 1 choice is a 50-50 deficit- reduction package that would match spending cuts with more revenue from the wealthy. As a practical matter, he allowed, "it ain't gonna happen." Another option favored by some hard-line House Republicans would be to do nothing and let the United States, for the first time in history, default on its debts. That "very bad" choice would result in untold economic consequences including widespread job losses and higher interest rates on homes and cars. "It is a bad deal. We must not default," Sanders said. Where's that leave us?

http://sanders.senate.gov/

[Sarah Ibarruri]

1. See, if he showed his strength more, they wouldn't mess with him this way nt

[Hand_With_Eyes]

2. They mess with him this way because...

...doing so has caused him to cave in the past.

[defendandprotect]

5. Remember 2010 ... immediately after election he announced he was ready to "compromise" some more!!

It's honestly almost unbelievable -- except as theater -- !!! Farce!!

[Sarah Ibarruri]

6. Exactly. He needs to come across soft, willing. He needs to get TOUGH.

I think part of the reason he gets this way is because when he was at Harvard and was President of the prestigious Law Review, with 80 editors to supervise, he kept the balance between those who were Republican and those who were Democrat and made both sides happy.

This is a different situation. We are now on our 31st year of right wing extremist trend in this country, a trend which eats up the helpless, poor and old, and spits them out. This is not a time or a place for him to be thinking he's the one to bring Repukes together with Democrats. There's too much at stake.

[JDPriestly]

3. Big problem here in my view.

I never take anybody else's word for things if I don't have to.

Look at this list of nations and their ratios of debt to GDP.

http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt

Oil exporting nations and underdeveloped, impoverished nations have a low debt to GDP ratio as do some of the very active exporting nations.

But, most of the developed countries with high standards of living and lots of social services -- countries that have supportive infrastructures that improve the standard of living of the citizens -- countries that are actually quite wealthy in terms of their infrastructure -- have a high debt to GDP ratio.

Please note also, that the 92.7% figure includes a US federal government debt of only 58% plus the debts of the individual states. And the federal debt probably includes the Social Security Trust Fund bonds which actually will be disbursed slowly over time within our country -- provided we don't let the Republicans steal that money.

We are a really, really big country with lots of wealth, much of it in the private hands of a few people. California, for example, has an economy that even in this recession is much larger than the economies of a lot of fairly wealthy countries. And think about the wealth of some Texans.

The problem with our debt to GDP ratio is not that our government debt is too high but that because of our excessive imports and our horrible trade policies, our GDP is not growing as fast as it should.

If we focus on changing our trade policies and getting Americans back to work, with only a very gentle tweaking, say reductions in corruption and overspending in the military, we can reduce our debt to GDP ratio and retain a healthy economy.

Guys we are being snookered. And fools we are not to look at the facts and the assumptions.

Fools we are when we just repeat what the "experts" are telling us when the "experts" are just repeating what the Koch Brothers and their propaganda-spewing think tanks and media are saying.

[defendandprotect]

4. Can anyone imagine Bush in Obama's position dealing with Pelosi this way ...

especially if Bush had the PREZ and SENATE -- ?????????????

What absolute farce -- !!!