Was it so important for Wall St to back the Republicans no matter what, that they couldn’t acknowledge the ramifications of failing to increase the debt ceiling?
“One of the worst possibilities that people in the financial industry, like Mr. Lengsfield, have been discussing is that scores of insurance companies, pension funds and mutual funds might be forced to dump their Treasury holdings. Some investors have rules that they cannot hold assets that are rated below AAA. It was this sort of rule that drove the forced selling of mortgage bonds during the financial crisis.”
Perhaps Wall St could have countered Presidential candidate Michele Bachmann’s irresponsible claim that it wasn’t necessary to raise the debt ceiling?
“It isn’t true that the government would default on its debt because, very simply, the treasury secretary can pay the interest on the debt first and then, from there, we have to just prioritize our spending…. It is scare tactics because, Bob, the interest on the debt isn’t any more than 10 percent of what we’re taking in. In fact, it’s less than that. And so the treasury secretary can very simply pay the interest on the debt first, then we’re not in default.”
but Ted Rall gets it: http://www.gocomics.com/tedrall/2011/07/22
As Lisa mentioned in her email, today was the last public hearing for the redistricting committee at the State House in Boston from 3-8 pm. Given that I work in Dorchester just a block away from the JFK/UMass T-stop, I hopped the train after work and signed in at 4:30 pm.
After retrieving my keys, etc, from the security people at the door, I walked into a hallway and ran smack into Sean Riley, GBVD Member and Director of Constituent and Community Relations for Richard Moore, our State Senator! Is Sean doing his job well, or what??!!?? 😉
Sean was kind enough to escort me to the Gardner Auditorium, where the hearing was taking place. I signed in and I was on my fame…
Many people testified about preserving districts – there was a strong presence of folks looking to keep District 9, Stephen Lynch’s district, intact. Others testified about the need to rework census calculations for incarcerated populations, arguing that people in prison should still be counted at their last residence rather than the address where they are currently serving their sentence.
When it was my turn to speak (at 7:30) I was mercifully brief. I thanked the committee co-chairs and the members for their hard work and diligence in conducting open hearings throughout the state, and I introduced myself as a representative of the Greater Blackstone Valley Dems. I described GBVD as a consortium of Democratic Party activists from the 14 towns of the Worcester/Norfolk Senate District, ably represented in the State Senate by Richard Moore. I told them that GBVD would like to see three districts remain west of 495, primarily because we have the population to support such an arrangement, and because we have similar regional interests and intertwined regional economies.
The committee had no questions for me – they thanked me for my time and my patience in waiting to testify, and I was done. Democracy!!
The Governor is on a listening tour of the Commonwealth, and he will be stopping in Milford thisTuesday, 7/12, at 6 PM. The event will be held at Draper Park in Milford:
Click Here for a Google Map of Draper Park
We will get some private time with the governor beforehand, contact any member of the executive committee for the location of that event – see you there!
http://www.gocomics.com/jeffdanziger/2011/06/23
In case the text’s not legible:
Oh dear, Mitt, that nightmare again?
The one where you are married to a pregnant guy, and you both decide to get an abortion on a State Healthcare program?
29-May-11
Sixteen year old Amy Myers, a 10th grader and a lover of History and Civics, has formally issued a written challenge to Michele Bachmann, telling the congresswoman: “Rep. Bachmann, the frequent inability you have shown to accurately and factually present even the most basic information about the United States led me to submit the following challenge, pitting my public education against your advanced legal education.”
http://ezkool.com/2011/05/michele-bachmann-ignores-a-challenge-from-a-10th-grader/
http://www.politicususa.com/en/michele-bachmann-dangerous
Dominionist Reconstructionist religious views
http://en.wikipedia.org/wiki/DominionismIn a politico-religious context, dominionism (also called subjectionism) is the tendency among some conservative politically-active Christians, especially in the United States, to seek influence or control over secular civil government through political action. The goal is either a nation governed by Christians, or a nation governed by a conservative Christian understanding of biblical law. The use and application of this terminology is a matter of controversy.
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interesting link from Wikipedia entry:
JUDICIAL WARFARE : Christian Reconstruction and Its Blueprints For Dominion
http://www.crownrights.com/store/reconstruction.phpPart Two:
ReconstructionismThe only true order is founded on Biblical Law. All law is religious in nature, and every non-Biblical law-order represents an anti-Christian religion. Every law-order is a state of war against the enemies of that order, and all law is a form of warfare….
— Rousas John Rushdoony
food for thought:
ThinkProgress: 10 Of The Craziest Things Michele Bachmann Has Ever Said
http://thinkprogress.org/politics/2011/06/16/246618/bachmann-craziest-quotes/