Dick "Shrimper" Morris: Shutting down the government to repeal Health Care Bill is a great idea

[Amerigo Vespucci]

January 06, 2011 06:00 AM
Dick Morris Thinks Shutting Down the Government to Repeal Health Care Bill is a Great Idea

By Heather

http://videocafe.crooksandliars.com/heather/dick-morris-thinks-shutting-down-governmen



Dick Morris thinks that we should shut down the government if President Obama doesn't agree to defund the health care law. Even Bill O'Reilly is skeptical of his nonsense.

I'd like to know how may homeless people Dick Morris would like to take in after we have economic chaos if either the Congress or the president follow his suggestions here since he apparently has no concern whatsoever for what would happen if the government defaults on its debt.

The Conservative Pledge to Freeze the Debt Ceiling Is a Looming Disaster:

Led by the advice of Newt Gingrich, the former House Speaker who was the architect of the 1995-96 debt ceiling crisis, many conservatives are clamoring for a repeat of this past episode in recklessness.

By law, a statutory limit restricts the total amount of debt the federal government can accumulate. Only Congress can raise this limit. On the heels of the worst recession since the Great Depression, this “debt ceiling” is projected to be reached sometime early next year. Increasingly, conservatives are pledging to vote against any increases to the debt ceiling—even if this means shutting down the federal government. This reckless pledge would have disastrous consequences for the U.S. economy and the global financial markets, and would severely worsen the long-term budget situation to boot.

This conservative pledge has historical antecedents. In the fall of 1995, congressional Republicans refused to raise the debt ceiling for a period of about six months, until they reversed course in March 1996 in response to plummeting poll numbers. This original “debt ceiling crisis,” as it’s become known, was extraordinarily costly, roiling the financial markets and forcing two government shutdowns.

The consequences of refusing to raise the debt ceiling would be even more costly today, given the precarious state of the U.S. economy and global financial markets, and potentially could be disastrous. Unlike in 1995, when our economic outlook was good, we are currently fighting our way out of the Great Recession and coming off of the worst financial crisis since the 1930s.

Nonetheless, led by the advice of Newt Gingrich, the former House Speaker who was the architect of the 1995-96 debt ceiling crisis, many conservatives are clamoring for a repeat of this past episode in recklessness.

[malaise]

1. I dare them

No I double dare them