Jul 20, 2011

Socialist Candidate for President Opposes Raising Debt Ceiling, Urges Credit Counciling for White House and Congress

From DC Indymedia:
Presidential Candidate Stewart Alexander says “Working people should not fear the August 2nd deadline to raise the debt ceiling; the government will not collapse. It is time for President Obama and the professional politicians to attend credit counseling.” In 2006, then Senator Barack Obama argued and voted against raising the debt ceiling saying, “Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.”

Today, during a White House press conference on raising the debt ceiling, President Obama suggested the Democrats and Republicans in Washington are the “professional politicians” most capable of managing the nation’s debt. Now that the nation is $14.3 trillion in debt, these professional politicians will once again rescue capitalism and avert an economic crisis by creating more debt.

U.S. Presidential Candidate Stewart Alexander notes, during the past decade, many of these professional politicians have doubled the size of the U.S. government. “The two corporate parties of big capital have also quadrupled the size of government within the past 20 years through increased spending and raising the debt ceiling over and over again, creating more debt for working people.”

More than 71 percent of all Americans are opposed to raising the debt ceiling. Stewart Alexander says working people understand debt better than these professional politicians and President Obama. “This is how it is done by most working people. We calculate how much has been deposited into the checking account. We calculate how much is owed in bills, and we pay our bill keeping our check book balanced.” Alexander says when the checking account is near empty, “these professional politicians want to use the U.S. credit card to go on a spending spree.” . . .

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