The following is excerpted from a Facebook entry (https://www.facebook.com/photo.php?fbid=600696526636505&set=a.433295386709954.96727.433288343377325&type=1) by Tom Joad (https://www.facebook.com/TomJoadLives).
This story is less politics and more economics. ... [Many are ] feeling the strain of what the Republicans are doing to the country right now. They (John Andrew Boehner (R-OH), the 61st and current Speaker of the United States House of Representatives - and Eric Ivan Cantor (R-VA), House Majority Leader) stood up again today and did what psychologists call "projection," and political commentators call "spin."
This current crisis and the resulting financial strain and pain and domino effect into the financial markets and private companies that do work for the government - belongs to about eighty morons in the House of Representatives. What's frustrating (for me) is listening to relatively smart people in the media trying desperately NOT to tell the truth about it, because saying that John is lying to us paints them with "the L word" - even if it's an accurate statement.
. YES, this is - to a degree - a bit of political theater, but more than that - it's folks who need money trying to figure a way around the roadblocks that eighty guys with an axe to grind in the House threw up between them and paying their mortgage at the beginning of next month. Period. This isn't about a difference of opinion. This is about 80 House Republicans throwing a hissy fit because they have no Constitutional remedy over the bitter pill of having the government cut off the gravy train for those in the disease management industry - who have tripled our costs over the past decade. They did that - and "Obamacare" wasn't even on the table. Costs will now flatten out - the party's over - and they are PISSED off.
[T]he fear of universal/socialized medicine is, in my mind, the driving force behind the hoopla (discounting racial and other party platform divides, the usual suspects). The AMA is a powerful organization and they aren't interested in giving up an inch of their hard won turf. And their hands are in enough DC pockets to make sure this never happens.
[I] believe a thriving society needs to care for its members, healthcare being one necessity.
But I still want to know--is there anything the POTUS can do to stop this crap? Anything written anywhere? I grew up in an era where people read. Thankfully most folks I know still do.
To the best of my knowledge: no. Congress controls the pursestrings - on purpose (that whole separation of powers thing the founders thought was a good idea). The Republicans WILL be violating their Constitutional oath of office if they allow the nation to default (which is why the Speaker is floating the idea of a short-term fix)
Many people have floated the idea that the president has the Constitutional authority (granted by the Civil War Reconstruction-era 14th Amendment [which sought to limit the ability of the former slave states from doing what these morons are doing right now]) to direct Treasury to issue bonds to cover any shortfall. I'd like to believe that he would follow that course
The Speaker wants to kick the can down the road for six weeks because he doesn't want to go down in history as the guy responsible for a global financial meltdown. He wants Americans to believe (and is getting the press to parrot his nonsense) that this band-aid (which leaves 800,000 people out of job
and untold billions in losses by regular folks nervously watching their IRAs shrink) - as meeting the president "half-way."