Saturday, July 23, 2011

We all pay the price of the game of political chicken on the debt

The President of the United States and the United States Congress are playing a high stakes game of chicken.  For those who you do not know about the game of chicken, it is a game, mostly played in rural parts of the United Statres, where men have their egos tested.   Sometimes it is cars against cars in a lane, sometimes is tractors against tractors head on.  Sometimes it is man against man in some bar.  It is a game of egos, not worrying about the consequences.

Frankly, that is what the President of the United States and the Speaker of the House are doing.  They had dueling press conferences on Friday.  They refuse each others calls.  They both are surrounded by sycophants, the Tea Party on the right and liberals on the Left.  They all cry dig in.  That call goes about while those of us who know something about economics and business know that if the United States defaults on its debts, all economic Hell will break loose.

But, the politicos want it.  The game of chicken is in their political calculations for 2012.  The economic problems that their game of chicken could cause for the rest of matters not to them.

Frankly put, all involved earned the Southern title of pissants.  Here is how.  Speaker Boehner broke off talks with the President of the United States.  He would not even return the President’s phone calls.  The President vacillates.  The Fourteenth Amendment of the Constitution gives the President the right to raise the debt ceiling on his own.  Instead, he debates with his legal team, he debates with Congress, he meanders.

Why does the Speaker ignore the President of the United States?  Why does the President of the United States fail to act powerfully?  The answer is simple.  They are playing politics with the future of our economy.  The people around both men want to score political points, make moves.  The fact that the people of the United States will suffer from a failure to raise the debt ceiling eludes both sides.  They want to score political points.

The fault about what could happen lies everywhere.  But, the President has the power to act.  Forget the Congress.  Congress approved the budget we are under that has created the debt.  They even raised their own salaries.  The President should give up his professor like vacillation and raise the debt limit by executive order.  The President should have done that long ago.

But, the President did not.  He wanted to score political points.  The Speaker wanted the same.

So, here we are.  Two sides are dug in over political gamesmanship.  Fears of high interest rates, runaway inflation, and disrespect around the world mean little to those folks.  It will hammer the American people hard.  But, that is all good for the people who think they can win some type of political advantage.

Our leaders have let us down, in both parties.  Both sides are scared to death of some political interests.  They are beholden to them, not to the dreams of greatness of America.  And, as an American businessman, I am scared to death of what their game of chicken will cost us all.

31 comments:

  1. AnonymousJuly 23, 2011

    cut, cap and balance

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  2. AnonymousJuly 24, 2011

    shit, fall in it, and blame Obama.

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  3. Obama is to blame. He wants to take my social security check and make me eat peas.

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  4. AnonymousJuly 24, 2011

    This comment has been removed by a blog administrator.

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  5. Hey, McCarty, Anon sounds like he works for a union or something. Get a life, anon. The government is not your family and they will not bail you out from being stupid.

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  6. AnonymousJuly 24, 2011

    Cut, cap and balance. Do it.

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  7. frank johnsonJuly 24, 2011

    Obama is an idiot.

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  8. bobby mooreJuly 24, 2011

    They all are crooks. We are screwed.

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  9. Jenny McCormickJuly 24, 2011

    Mr. McCarty, I like your blog. You make me think. But, Fox News says we will pay our debts and other obligations if no deal is reached. I got kids, so I worry. Why do you see it so bad?

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  10. AnonymousJuly 24, 2011

    IF YOU THINK SOME DEPUTY CAN MAKE ME SHUT UP, YOU ARE WRONG, WRONG, WRONG. I CAN SAY WHAT I WANT ABOUT YOU AND YOU CAN NOT STOP ME.

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  11. Billy JacksonJuly 24, 2011

    I want a shot of what anon is drinking. Good post McCarty.

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  12. When people talk about the budget, its gets nutty. That is for sure.

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  13. AnonymousJuly 24, 2011

    when it comes to the federal budget, I say cut, cut, cut, and cut again.

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  14. AnonymousJuly 24, 2011

    good post. They are playing games.

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  15. AnonymousJuly 24, 2011

    This comment has been removed by a blog administrator.

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  16. Bill from ColumbiaJuly 24, 2011

    Anon, you have so much courage in commenting anonymously. I am overwhelmed by it. I bet you got a budget solution...let me guess, it involves someone paying you some money. Hey, the all caps thing is an insult, you are shouting and we do not want to hear it.

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  17. AnonymousJuly 24, 2011

    This comment has been removed by a blog administrator.

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  18. This comment has been removed by a blog administrator.

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  19. Cut the budget damn it.

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  20. AnonymousJuly 24, 2011

    This comment has been removed by a blog administrator.

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  21. AnonymousJuly 24, 2011

    I do not care if Brian McCarty is deemed asshole or hero of the year, but the damn budget. Cut, cut, cut.

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  22. AnonymousJuly 24, 2011

    raise taxes on the rich!

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  23. Anon, I really do need your medical report. I know we got it on in a rest stop bathroom, but I got this itch. Are you from Orangeburg? I had that Orangeburg thing before.

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  24. I do know Brian, sometimes he is right, sometimes he is wrong. And he deals with some crazy ass people who post comments in all caps. He is a calm and patient man, better then I would be with your sorry ass.

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  25. AnonymousJuly 24, 2011

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  26. Not nearly as sorry as you, anon, you will not even post your name.

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  27. AnonymousJuly 24, 2011

    Brian you got one delusional fan.

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  28. AnonymousJuly 24, 2011

    Cut cap and balance

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  29. motorcycle manJuly 24, 2011

    Brian, the politicians and whoever this anon bitch or bastard is who type in all caps, can kiss my ass. You keep calling like you see it brother. We got your back.

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  30. motorcycle manJuly 24, 2011

    This comment has been removed by a blog administrator.

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  31. AnonymousJuly 24, 2011

    such language

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