Welcome to the some discussion about the upcoming 5th Revolution in the US, which I’ve titled the “Revenge Revolution.” For more about the Revenge Revolution and the author, Entry #1. Periodically I write a “sense check” to assess whether a revolution in the US is possible or whether the entire exercise is based on a statistical aberration — i.e., a roughly 50-year cycle between major upheavals in the US. Entry #400 was the most recent “sense check.”
For many years, Republicans have promoted the idea that the government should be run like a personal household. Don’t spend more than you earn. In that ideal Republican household, if you pay your debts on time everything will be OK.
Despite the assertions, even most Republicans don’t live in their ideal household. For example, the vast majority of people buying a home don’t pay cash. Rather they secure a mortgage for 3-4x their annual income and then repay the mortgage (loan) over 25-30 years. If home buyers were required to pay the cost up front, very few people would own homes.
“But home buying is different,” you say, “because buying a home is an investment. And you still have to pay back the loan, even if it takes 30 years.”
True. So why do Republicans insist that government expenditures for infrastructure — roads, bridges, transit, airports, etc. – have to be paid for out of this year‘s budget? Isn’t a road that will last at least 50, if not 100 years, with some maintenance, an investment, just like the house?
Now, let’s turn to paying for purchases. If a household buys groceries, some computer equipment, office supplies, maybe some clothing and puts the purchases on a credit card, the household still owes the money. And the credit card company still has to be paid, right?
Apparently Republicans don’t think so. During the Trump administration, Republicans deliberately decided to reduce household revenue – income to the government – by reducing taxes on the wealthy. Then, rather than reducing expenditures because income was less, the Trump administration continued to buy lots of stuff and put those purchases on a credit card.
Now it’s time to pay off the credit card. And guess what? Republicans in the Senate and the House are saying, “Nope, the credit card debt is not our problem. Even though we ran up the debt, we Republicans refuse to pay.“
What if everyone ran their household like Republicans? Cut your income, continue to buy goods and services on a credit card, then refuse to pay the credit card company (lender)? How much more credit do you think the lender would be willing to provide?
The approach taken by Republicans is pure Trump. Anyone who has lived or worked in New York sometime in the last 40-50 years is likely familiar with how Trump operated his businesses. Trump ran up debts, blamed the vendors and then refused to pay.
After getting stiffed by Trump, lenders in the US refused to do business with him. As incoming president, from all indications, his primary sources of capital were from Deutsche Bank and the Russians.
Republicans, now the party of Trump, have adopted the same mantra – “Screw you. Not my fault. I’m not paying. The debt is your problem.” Mitch McConnell seems to be first in line kissing the Almighty Donald’s screw-the-creditors debt ring.
The Republicans, who claim to be the party of savvy business people and fiscal responsibility, seem willing to allow the US to default on its debt for the first time in US history. “Relax,” you say, “You’re blowing any debt default out of proportion.”
If you are a Republican and support the actions of Trump and/or Mitch McConnell, why don’t you go ask someone how easy it is to get credit after they’ve defaulted on their debt? If someone who’s defaulted can get credit at all, the loan comes with lots of restrictions and a stiff interest rate.
So why are the Republicans behaving so irresponsibly? My only conclusion, as I’ve stated the number of times in various blog entries, is the Republicans have been brainwashed.
If they’re not brainwashed, why would Republicans pay debts they incurred while Trump was in office, then not pay debts incurred while Trump was in office after Biden became president? Trump’s debts are Trump’s debts. You just can’t ignore then, unless, of course, you’re a Republican.
Ok, let’s assume the Republicans are just playing politics by refusing to raise the debt ceiling. You’d think if someone was taking such a stand, they’d ask for something in return. But like Trump, who has demonstrated repeatedly to be one of the world’s worst negotiators, Republicans are not asking for anything in return. Rather Republicans are willing to put a gun to their heads of all Americans and fire away for no particular reason.
Republicans are so brainwashed, apparently they think only Democrats will suffer if the US defaults on its debt. Republicans are taking the same approach to addressing climate change. The rise in the earth’s temperature will only affect Democrats.
From the beginning of the Obama administration, Republicans have categorically opposed whatever the Democrats proposed, no matter how many Republicans might benefit and no matter how much the proposal would protect US interests. The answer to every idea from Democrats has been “No!”
Republicans ask yourself, “With a response of ‘no’ by Republican leadership regardless of the proposal, whose best interests are Trump and McConnell supporting? The best interests of US citizens?” If you said “yes,” you’ll believe almost anything.
The behavior of Trump and McConnell is not benefiting the US but benefitting the Russians and the Chinese. “That can’t be,” you say. Well, I say, take another hard look and then follow where Trump and McConnell are getting their money.
The Trump businesses (and thereby the family) have been funded by the Russians for some time. Mitch McConnell, through marriage to Elaine Chao – Secretary of Transportation in the Trump administration – is tied to Chinese money. You keep thinking about the connections and follow the money.
More later, especially how the behavior increases the likelihood of a 5th US Revolution, the Revenge Revolution.
Other Topics. Interested in more info about climate change, what’s required to electrify a fleet of cars/trucks, what it was like to work day-to-day with Lee Iacocca and an array of other topics? Visit another page of this website, https://usrevolution5.com/jrd-thought-comments/