Wednesday, July 20, 2011

A Pending Debt Default and the Attack on My Country

September 11, 2001 was an eye-opener for many of us, including myself. I remember looking at the computer screen at the live feed from NY in total astonishment and disbelief. After both towers were hit, I wondered what would happen next - was this an invasion? Was my fiance OK (she was in NY on business - I took the last shuttle back from NY to DC the prior night). Later I watched the white smoke rise from the Pentagon - I worked only 5 miles from it. It was all surreal and frightening.

In subsequent months I began to hear that the U.S. was "warned" of the attack, but no one believed it would really happen.

Today, July 20th 2011, on my wife's and my 9th wedding anniversary, I am fearing another attack.

I did not personally suffer from the 9/11 attack, but the one that may be coming will, I believe, bring hard times to many people of this country.

This "attack" is the massive slowdown in our economy, caused by the deliberate decision in the United States Congress to default on the debt - by refusing to raise the debt ceiling.

The projected effects are even more frightening than 9/11. First, it will effect more people. Millions. Higher interest rates will mean a slowdown and people will be laid off. Also, there will be less consumer borrowing - even on essentials such as housing. And, even more frightening, I believe people will die - because of a combination of increased stress and less money due to unemployment.

This attack can be easily stopped, we all know how to do it.

While I agree that we must tackle the deficit and debt, now is not the time. Not when we have 9.2 percent unemployment. The appropriate times are either the election or during the budget debate itself. We have a divided Congress. Democrats have to wake up as to who won in 2010 and Republicans have to remember that they only won one election that gave them control of only one of the three avenues of Government (the courts make a fourth). Posturing can really be done at any time except when our lives depend on decisions that have to do with survival.

I will not go into detail here about the proposed budget cuts and tax increases. For the record I will probably go along with a compromise that Congress and the President agree on.

But I want to make one thing absolutely clear - my warning to Congress:

Any member of Congress who allows the U.S. debt to default will commit the moral equivalent of deliberately allowing the United States of America to suffer a deadly military attack.

A member of Congress who forces a debt default will have committed an act of betrayal to my country equivalent to treason. I will personally move to make a citizens arrest. I will move to have this person impeached and removed from Congress.

I will not allow our people to suffer because of this attack.

To Congress: Please put reason and compassion in your decision-making.

Thanks for reading.
Update 7/25/11: I visited Congress last week and left letters that state what I said above. Please, if you agree, do the same.

Also, I'm trying to find a movie-maker who can, on short notice, produce an Internet film that would simulate the effects of the disaster that would occur if the US defaults or if interest rates rise. If you know anyone please respond to this post. (BTW: I had a post last year that has the same concept: http://alanrockville.blogspot.com/2010/04/defeating-tea-movement.html )

Analogy: Our debt default would be akin to "national" foreclosure.

"Think of America as being passengers on an airplane that is running out of gas with 535 pilots on board. Experts say the plane will crash unless a decision is made by the pilots either to land the plane now or put gas in. The problem is that half the pilots want Gas brand “R”, half want gas brand “D”.

"Nobody budges. Nobody wants to land the plane now, all pilots want to decide on the brand of gas BEFORE landing.

"OK, pilots, what do you do?

"And don’t tell me that the plane isn’t going to crash: If you would like to stay on the plane and be THE FIRST to suffer the consequences of the crash, be my guest. But I’m a passenger and I don’t want to crash!

Just land the plane!!! Now!!!!"


Update 7/26/11 - First: I went to Congress and dropped off about 20 copies of my letter which has the stuff that's above.
Second: Just thought of this: In their 2001-2008 budgets, the Republicans wanted to be Santa Claus. Now they want to be Scrooge. And their current budget plan has no sanity clause (Thanks, Chico)