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Tuesday, April 12, 2011

Let's Have A Tea Party! Boehner, McConnell, The White Rabbit, And The Mad Hatter

Here's a link to an article entitled Democrats See Republicans In 'Blazing Saddles' Strategy by Michael McAuliffe at HuffPo:
"Cleavon Little points a gun at his own head and threatens to shoot if the armed townspeople don’t drop their weapons.

“'Listen to him, men. He's just crazy enough to do it!' one says.

“'Nobody knows just how far removed from reality these people are,' {Democratic Senator from Massachussets, Barney} Frank said. 'If we were dealing with just John Boehner and Mitch McConnell, it would be one thing. When you’re dealing with John Boehner, Mitch McConnell, the White Rabbit and the Mad Hatter, it’s unpredictable.'

“This is not Samuel Adams’ Tea Party; this is Lewis Carroll’s Tea Party we’re dealing with here,” Frank said."


The recent posturing over the budget deal and the threat of a government shutdown is insignificant compared to the coming crisis. The U.S. will hit its borrowing limit sometime in May. Apparently they can juggle the books for a few weeks -- and then everything comes to a crashing halt. The budget debate was about how money will be allocated in the future, and shortages can be alleviated by massive cuts; the debt limit ceiling is like a credit card holder who has maxed out and has run out of cash. There is no way out: You default on your debts. How are the U.S. creditors going to take the news that their interest cannot and will not be paid? Uncharted waters, folks. But Rand Paul and other Tea Party lunatics may push the whole world over the edge.
"'If anyone wants to push that button ... I think they're crazy,' Jamie Dimon, the chief executive of JPMorgan Chase, said recently at the U.S. Chamber of Commerce."

Even Wall Street doesn't want it -- but how far will these Tea Party lunatics go?

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