Monday, July 4, 2011

Speaking of Patriotic Duties ....

Remember when every Obama speech was an opportunity to savor superb political oratory? Now every political opportunity is an Obama speech not given.

Jon Perr at Crooks and Liars:

President Obama Addresses the Nation on the Debt Ceiling **

** This mythical address, of course, never occurred. But something like it should have happened a long time ago.

(As Prepared But Never Delivered, July 1, 2011.)

My fellow Americans,

I want to speak to you today about a matter of the greatest national urgency. We face a crisis unique in our history. This threat comes not from a foreign foe or bloodthirsty terrorists, but is no less dangerous and insidious. No, this challenge to the American way of life comes entirely from within. And the damage it could cause is as catastrophic as it is unnecessary.

I am speaking about the looming deadline to raise the debt ceiling of the United States.

On or about August 2nd, the government of the United States will hit the $14.3 trillion limit on its debt. Never in our 235 year history has the United States of America defaulted on its financial obligations. Never has Congress failed to raise the debt ceiling in a timely manner. Never has Congress put the full faith and credit of the United States in jeopardy.

Until now.

In an act of reckless and unprecedented partisanship, Republican leaders in both houses of Congress have promised to block the needed increase in the debt ceiling unless an ever-shifting - and escalating - series of demands are met. At a time when this nation is fighting two wars and slowly emerging from its deepest economic downturn since the Great Depression, only now are Republicans demanding trillions in spending cuts which would slow our recovery, cost hundreds of thousands of jobs, and undermine our social safety net. Republicans insist that any new revenue from any source, even by closing tax loopholes for the wealthiest individuals and most profitable corporation in America, is "off the table."

If those demands are unmet, the same Republican Party which drove this economy into a ditch will drive it off a cliff. That is irresponsible and unacceptable. Congress should pass the $2 trillion increase in the debt limit right now and with no preconditions.

Read the whole thing.

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