Saturday, August 6, 2011

GPP 066: America (While There's Still Some Left)

Paul goes on a rant to Grace about the S&P credit rating downgrade, the debt ceiling, what money is and what it is for, why people who believe that government is the problem shouldn't be allowed to run the government, and why the GOP and Tea Party pundits are frothing mad over exactly the wrong things.

Note: contains salty language.

MP3 File

Show Notes:

The "3 Billy Goats" Colbert Report episode (the single best explanation I've seen of Obama's relationship with the Republican-controlled House).

The Dodd-Frank Act bit on The Daily Show (the sorry state of our consumer financial services "reform") -- starts at about 5:13

Related Reading:

Crash Course Chapter 7: Money Creation

REPORT: S&P to downgrade U.S. credit, will cite GOP refusal to raise taxes.

Ron Paul, Tea Partiers, and Congress: Did They Want S&P Downgrade? Is That Treason?

Nuts and Dolts » Tea Party Led Republican Party Kills Its Hostage - A P2Blogs Partner Site

John Boehner reflects on debt ceiling debate | The State Column

Downgraded US Credit Rating: What comes of Coddling the Super-Rich | Informed Comment

A timeline of events

The tea party just cost you $322 | slacktivist

FreakOutNation » Poll Concludes 84% Disapprove of Tea Party-led House After Debt Ceiling Deal

AMERICAN FUTURE » Blog Archive » Republican Dissembling

Daily Kos: I’ll never vote Republican again

Glenn Greenwald: The myth of Obama's "blunders" and "weakness"

Assessing The GOP Controlled House: Where Are The Jobs?

Candidates Give Obama an F for AA+ Rating

"Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged."

"President Reagan did it (raised the debt ceiling) 18 times. George W. Bush did it seven times."

"When the Republicans were in charge, they actually expanded government health care with the prescription drug program."

"Social Security didn’t cause the debt crisis. Social Security had nothing to do with the debt crisis."

"There's no money in Social Security."

"Social Security doesn’t contribute a penny to the deficit."

"Fifty-one percent -- that is, a majority of American households -- paid no income tax in 2009. Zero. Zip. Nada."

"If the debt ceiling is surpassed, our nation will not go into default as some suggest."

"Harry Reid’s plan is basically giving the president a blank check."

Super Congress: the final nail in the coffin of representative democracy and freedom as we know it

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