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Michael B. Keegan

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Fighting Back Against the Bum Debt Deal, Starting in Wisconsin

Posted: 08/06/11 12:16 PM ET

Last weekend, Americans watched in anger and disbelief as Tea Party Republicans held our nation's economy and our international standing hostage. Although debt default was ultimately averted, the crisis did not end with the hostages walking away unharmed. The extremity of the debt deal's spending cuts and the fact that more revenues -- making billionaires, millionaires and corporations pay their fair share in taxes -- were, in the end, not even on the table mean Americans will be hurt and the economy will be slower to recover. We got immediate proof of this as the stock market plummeted in response to the deal and Standard & Poors downgraded U.S. credit rating for the first time in history.

Now, as the dust settles, House Whip Eric Cantor has declared that because of Tea Party Republicans' refusal to make the rich pay their fare share, the government won't be able to keep its promises to future generations. Young Americans, Cantor said on Wednesday, are going to have to "come to grips with the fact that promises have been made that frankly are not going to be kept for many."

We can do better than this. And the chance to do better starts in the states.

The manufactured debt-limit crisis and the historic swindle of the middle class that came out of it were not hard to see coming. In states like Wisconsin, Ohio and others across the country, budget battles going back to as early as February foreshadowed the reckless hard line we just saw the Tea Party take over the debt ceiling. Progressives have fought back hard against these assaults on low and middle income families, but were met with a major push by right-wing governors and state lawmakers for state budgets with devastating, draconian cuts to health care, education and more essential services.

In one state, where all these things happened, we have a chance, on Tuesday, to stop the onslaught and say "No!" in a way that will resonate across the country.

In Wisconsin, six right-wing state senators who aided Republican Gov. Scott Walker in passing budget measures that took an ax to the state's social services and to the rights of working people, while preserving hand-outs to the wealthy and out-of-state corporations, are facing recall elections. If three of them lose their seats and all Democrats keep theirs, control of the state Senate will switch -- and Tea Party Republicans across the country will get a serious wake up call.

Progressives can do this... because we must do this. The debt limit crisis showed us how serious the stakes are.

The debt ceiling hostage crisis -- simply that it was able to happen -- is a testament to the dysfunction of our current political culture. The right-wing Republican positions on taxation, spending and deficits, which unfortunately have set the agenda this last year, have absolutely nothing to do with sound economics... and everything to do with a dogged commitment to extreme right-wing orthodoxy and making the government, at every level, subservient to powerful corporate interests. They aren't even consistent with the priorities of Americans -- a recent poll found that by a 2 to1 margin, Americans preferred that Washington focus on creating jobs to get the economy moving again than on deficit reduction.

If voices of compassion and reason don't prevail, we'll be stuck on a dangerous path towards being a country that ignores science, history and economics, and adopts policies based only on long-disproved right-wing ideological myths like "trickle down economics" and "cutting services is more important than creating jobs."

Winning in Wisconsin is the first step to taking our country back from a movement that has spun wildly out of control... and bringing back a government that cares about creating jobs, working for its citizens and keeping its promises.

 

Follow Michael B. Keegan on Twitter: www.twitter.com/peoplefor

Last weekend, Americans watched in anger and disbelief as Tea Party Republicans held our nation's economy and our international standing hostage. Although debt default was ultimately averted, the cris...
Last weekend, Americans watched in anger and disbelief as Tea Party Republicans held our nation's economy and our international standing hostage. Although debt default was ultimately averted, the cris...
 
 
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HUFFPOST SUPER USER
pangborn
11:13 PM on 08/16/2011
This column is factually wrong and totally irresponsible. The Tea Party folks passed "cut, cap and balance" based on what S&P advised. Reid and Obama, who has no plan other than tax and spend, never gave the legislation a chance. So who held Americans hostage. Start with Obama.
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BuckCarson
Life outside the ObamaSphere
05:15 PM on 08/07/2011
The most fundamenta­l fact about the ideas of the political left is that they do not work.

Therefore we should not be surprised to find the left concentrat­ed in institutio­ns where ideas do not have to work in order to survive.

Welcome to the progressive media channel.
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HUFFPOST SUPER USER
NJP1
03:51 PM on 08/07/2011
Don’t count on there being enough sensible voters to dismiss the tea party wingnuts, we are staring into the abyss folks, and if the theo-fascists can persuade enough of their followers to jump into it shouting halleluja, they will drag down everybody else. This was the reasoning behind the debt fiasco, to push the country to the edge, and it worked. Already American credit is downgraded, not because of different financial circumstance, but because hard headed investors suddenly realize that another more dangerous religious bigot could be in the White House in 2013, this time backed by an insane fiscal policy that could destroy the American economy and reduce it to third world status. They watch in horrified amazement as presidential candidates speak of hearing the voice of god, of prayer breakfasts, of financial reality in second place to religious doctrine. They realize that their assets will be affected by people who talk directly to a god before committing themselves to government policy. Little wonder that financiers are beginning to look worried. If enough theocrats take office, the USA could slip into the same religious morass as the middle east. They have the mindset of the 15th century, seeking to destroy and rebuild the nation in an image pleasing to their bronze age deity so that everything can be controlled by the will of god, backed by vicious laws designed to control gullible fools. http://www.yourmedievalfuture.com/
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spoonbill1963
01:56 PM on 08/07/2011
This must be a terrible time to be a progressive.
It's sure a great time not to be a progressive.
CognitoErgoSum
CogitoErgoSum was taken when I signed up.
08:10 PM on 08/07/2011
On the positive side, times like these unmask the cruel, callous and misinformed nature of people like yourself.
12:38 PM on 08/07/2011
Blaming a group of people who just now self organized over the last 3 years for whats been ailing this nation for decades! Now that's pathetic & irresponsible.
02:43 AM on 08/09/2011
You have to realize that even liberals may be starting to think that they might lose credibility if they keep blaming Bush. Viola, the Tea Party is the new Bush.
09:28 AM on 08/07/2011
The people of Wisconsin are fighting for DEMOCARCY. It just seems like it is slipping away. Billionaires / Trillionaires own and run the media and can control way too much of our government. (Fox News)

Democrat – Democracy * A government by the people for the people
Republican – Republic * government by the ruling class

With a progressive tax, we the middle class will be the ruling class. Like our founding father wanted it to be. That’s why they put the checks in balances in our system to keep us in the middle.

Are system is all messed up because of the bush tax cuts. Billionaires with all this accumulated money get to manipulate the system to benefit their profit margin at the expense of the poor and middle class.

Our system does work but ‘we the people’ need to make sure Billionaire backed flunkies like Scot Walker and Paul Ryan do not take our DEMOCRACY away. Bring Back the Marginal TAX for the extreme rich.

If our representatives will only tout their large contributors wishes. It time to origanize a very large peaceful demontrations at the White house.
05:37 AM on 08/07/2011
Representatives lawfully elected to represent the desires and beliefs of their electorate.

Now there is something to fear. Without Democrats, life would be void of laughter.
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dennidus1680
10:02 AM on 08/07/2011
Without Republicans, life would be void of tears.
02:49 AM on 08/07/2011
What i believe in Unions.
I don't have a Union at my manufacturing plant, but back in the 80s, the union tried to establish itself in it, it was voted down because we were threaten we would lose jobs and insurance. but that it never got voted into the plant. It was so powerful and scared the crap out of the company to provide us with
decent coverage so not to let em in. They held em accountable in . or out . To lose that representation as a whole in the country is a true loss to our workers/consumers.
05:38 AM on 08/07/2011
Yeppers...you're only going to receive what you are worth. And your worth, unfortuantely for Americans, is now assessed relative to global competition.
justobserve
Not left nor right or center. Just a free thinker!
07:50 AM on 08/07/2011
How about the CEOs and the top rich people still made billion$? Certainly the global competition only benefits those people at the expense of the lower class! They want to drive down Americans' wages to those of the third world country and they pocket the profits because the consumers here still had to pay the high price for cheap products.
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HUFFPOST COMMUNITY MODERATOR
Zombeaver
Wooooooooooooood . . .
11:21 AM on 08/07/2011
And the CEO is worth about 1000 times as much, right?
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HUFFPOST SUPER USER
mdmccormick
I am tired of this BS
01:07 AM on 08/07/2011
Looking forward to Tuesday.
HUFFPOST SUPER USER
spoonbill1963
01:58 PM on 08/07/2011
Don't get your hopes up.
01:01 AM on 08/07/2011
How long do you think it will be before the Chinese realize they are financing our social programs? Think they'll do it much longer?
F4flyr
a Squadron Commander in the War of the Classes
05:34 AM on 08/07/2011
dr.....you evidently don't believe in 'social programs', correct?,,,disabled vets?...old folks?...retired on social security?...just to prepare myself, I'm all 3, so how soon are you going to cut me off?...all at once?...or one program at a time?
justobserve
Not left nor right or center. Just a free thinker!
07:54 AM on 08/07/2011
Don't forget that people paid social security tax for retirement but the money are highjacked by the government for so long to use for other things instead of investing and keeping the profits in the fund. That's why they thought up of a brilliant excuse that the younger generation can't afford to finance the oldies' retirement when in fact, each generation pay for themseves.
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eg8tr
Don't buy a "G"uvmint "M"otors car
08:21 AM on 08/07/2011
thanks for your service-I was in Nam for the Tet offensive party in '68. There are way more social programs than those you mentioned. In addition there are some Vet benefits that are bogus. As a Physician I can tell you that hearing loss at age 65 is not necessarily a result of exposure to noise in Nam in 67-68, when you were in your 20's. Beyond that are you sure you want the guvmint encouraging young women to have fatherless babies? We need to reduce the size of the guvmint breast or in the end there will be no breast---
07:45 AM on 08/07/2011
I worry more about our defense! It seems to me, and maybe I'm old fashioned, but if we concentrated on paying the actual debt, we would see the amount of interest we are paying decrease, which would allow for more expendable funds, which would allow us to pay more on the debt. We need to stop wasting so much on interest. Just the way I would run a household, but who am I? Probably silly logic.
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The Lone Stranger
Yes, I am a lousy typist. OK!
12:28 AM on 08/07/2011
Obamas best course of action was to veto the bill and then raise the limit via an executive order as specified by the 14th ammendment. Had he done this his political capital would have gone way up, our confidence in his leadership would have been boosted and the GOP would have been handed a sorely needed defeat.

The problem is that Obama still does not realize the basic cause of the problem he is facing. The problem is nopt that we are spending too much, the problem is that the rich are not paying enough taxes. In effect what is happening is the the richest Americans have taken on huge loans that the rest of us are stuck paying off and the only actual solution is to raise taxes on the rich.

consider this, Since 1980 the assets of the rich have jumped from 9.8 trillion to 38 trillion, while the assets of the other 95% have remained essentially level at 13 trillion. Meanwhile oveer this time the government cut taxes on the rich and ran up a debt of 14 trillion.

If the debt is a serious problem and I think it is, then lets make the folks who have the money to easily pay it all off foot the bill. they borrowed it. they have it now we need it back. that's right tax the rich.
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ILoveTheUSofA
BREAKING NEWS: There is no God.
12:43 AM on 08/07/2011
Exactly right! I agree with you on every single point!
05:40 AM on 08/07/2011
Another shining example of the political party for envy & greed (aka Democratic party).
justobserve
Not left nor right or center. Just a free thinker!
08:05 AM on 08/07/2011
LOL! We all knew what the troop said are not the truth!
AgingLady
laughter is best medicine
12:05 AM on 08/07/2011
Yes. Thank you.
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Lonewolf2347
Just say NO2O:2012!
11:13 PM on 08/06/2011
“9.1 Unemployme­nt, Lost our AAA credit rating, racked up 5 Trillion in debt and counting, stock market loses over 1 Trillion in 1 day, and the hits just keep coming....­.This is Obama's America and make no mistake that the TEA PARTY will be dominating with better candidates and a better Presidential Candidate in 2012 and we WILL re-store this country back to it's greatness before the Democrats took over Congress in 2007!
AgingLady
laughter is best medicine
12:07 AM on 08/07/2011
The RepubTP has put us right where they want us. We will have to wait and see if that is where people what to be.
07:31 AM on 08/07/2011
The Tea Party members that are actually in Congress are few in number and amazing how much power is attributed to them. I really get tired of all the blame being put on them and the Republicans for the debt agreement "failure". There were several plans put forth by them and NONE...N>>>O>>>N>>>E by the President. And what did the President do the minute the other side relented to the rising of the debt ceiling? Spent over $200 billion in one day, the record of money spent EVER. The so called cuts are so miniscule, they will hardly be noticed. Kind of takes the wind out of one's sale. No wonder China and S&P are frowning on us. And I must say there surely is enough waste out there to make a dent and not even be noticed. And let's see the President cut his pay and benefits. What does he need it for? Being in office has made him a multimillionaire. Does Michelle REALLY have to take a trip to South Africa? What of the people's business is she performing, pray tell? Their lives don't change, only enhance, while the country goes down the tubes. Wonderful leadership!!
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eg8tr
Don't buy a "G"uvmint "M"otors car
08:41 AM on 08/07/2011
so the tea party was in charge in 2008 and 2009 before they existed, interesting concept but over the top. The majority of Americans do not like the debt limit deal because it raised the debt and the cuts were insignificant, if not fictional.
12:23 AM on 08/07/2011
S & P rates fifteen nations as better risks. The fifteen are predominately socialist and have national health insurance. Apparently, S & P believes in socialism and national health insurance. Although USA has the second highest corporate tax rate, and all of the nations rated higher than USA have lower corporate tax rates, it should be noted that these nations have more and higher OTHER taxes to take up the slack, including higher maximum INDIVIDUAL tax rates on the rich. If the GOP agenda of reducing taxes on businesses and corporations to zero succeeds and the only tax burden is whittled down to defense, the taxes paid by the poor and middle income voters still wouldn't cover it. The eventual result of the GOP agenda is higher middle income and poor tax payers. The rich and powerful won't pick up the tab.
07:39 AM on 08/07/2011
Please cite me verification that the GOP agenda is reducing taxes on businesses and corporations to zero please.
Apparently the top earning 10 percent of our population contributing 55 percent of all the tax revenue is not enough. I tell you what, when you have people losing 50, 60, 70 percent of what they make so they can support the others, you will find them saying heck with it and give up. Why do it? Welcome to socialism. It eventually gets very ugly.
This country gives everyone an equal opportunity. What you do with it is up to you.
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ILoveTheUSofA
BREAKING NEWS: There is no God.
10:45 PM on 08/06/2011
"...the economy will be slower to recover."

In fact, we no longer have ANY REASON to expect ANY recovery for the foreseeable future.

People now talk about a "double dip." Well a dip is something that goes down but eventually comes back up again. We no longer have a reason to expect that we will come back up. That is the true reality of what the Republicans have done by way the debt ceiling deal. We are not in a double dip. We are in something much worse than that.
HUFFPOST SUPER USER
Chazet2
10:40 PM on 08/06/2011
Placing the blame only on the Republicans isn't being honest. The Democratic Party and this president only use the extremism present on the Republican side as cover for what they want to do, which is to achieve the same ends, the dismantling of the social contract that came with the New Deal.
Do we hear anyone in the media asking Obama about this? What real content is there in the Obama speeches? At the moment, what we have is the president trying to get across the message that he is cute, and can identify the issues. He never speaks about the underlying values that drive his actions, nor any solutions. And Obama is the one who brought SS and Medicare to the chopping block, not the Republicans.
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HUFFPOST SUPER USER
Michael Briggs
Liberal is Better
06:06 AM on 08/07/2011
Most of the Democrats in Congress are not trying to dismantle SS and Medicare. It's Obama and the Republicans who are doing that.
darcy
I'm the one on the left
07:34 AM on 08/07/2011
I agree with you, Michael, but Chazet2 made a very good point.
HUFFPOST SUPER USER
Chazet2
01:17 AM on 08/08/2011
Michael, I would like what you assert to be so. But look at the record. Very few Democratic Party reps have opposed the actions that have resulted in placing us where we are. Glass-Steagall was undone by Democrats as well as Republicans.
Pay attention to what Senators are appointed to commissions-they are deficit hawks who maintain we must cut social programs, even though this does not apply to SS. Medicare and Medicaid in and of themselves aren't an issue. What we have is a medical system that is running out of control in terms of outcomes and costs. So Medicare will become unaffordable because we are doing nothing to curb costs, which would involve cutting out insurance companies from the system-they add no value and drive up costs.
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dennidus1680
10:18 AM on 08/07/2011
Just like Clinton acquiesced NAFTA, but Phil Gramm was part of the Republican side. Most of this stuff was tried on the Republican side first and when they couldn't do it the let the Democrats. Remember tarp also, same deal.