That says it all, for sure. Thanks for giving me my black humor laugh for the day.
It’s a tough job being an elected Republican what with the required servicing of their donors, Norquist, and Limbaugh in the ideological prison shower.
Norquist has the Republicans by the shorthair…..cross him and the wrath of God will decend on you……will be interesting to see what happens to Newt since he as taken an anti repubican stance…….they may find him under the East River with concrete around his feet!
I wonder how much of a stretch it is to consider ‘that pledge’ to be an act of treason, or at least sedition!?
The real (serious) question is…..Does the pledge to Grover supercede the contents of the oath of office taken by members of Congress? I.e. if there is a conflict between the oath and the pledge does the rep have to follow the pledge. If so he is actually committing a form of TREASON against the country and of course ( if this were a fair and truthful government) he would have to be prosecuted by the justice department.
The Grover Norquist cult: no cost to join, just empty your mind and give it over G.N.
he is no way tries to hide his mission……he is very proud of it and of himself….if a republican crosses the pledge, then the machine works to have the person removed in the next election. Great interview on the CBS 60 Minutes website if you have not seen. Makes you want to take a break and throw up…….he has been bought by WS, the Rich, and Business ……and his machine will fight to the death.
All of these comments are absolutely true. The Congress, both the Democrats and the GOP has sold out the American public, to the highest bidder, at every turn. It is true that we have “The best Congress money can buy.”
“the best Congress money can buy ” is terribly, sadly true. Fortunately it can be remedied with robust campaign finance reform laws and publicly financed campaigns. You would then cut GN’s influence off at the knees, returning the country to its rightful owners … The electorate.
While the cartoon is humorous, what is not is your view of the financial debacle in such partisan terms. The fault lies with both parties in Congress PLUS an inexperienced president full of hubris focused on his re-election. The perfect storm.
Norquist is just another opportunistic parasite in Washington, the host for so many parasites. Most of them don’t rise as high and have less influence, but they all have the same quality — an avaricious greed, which they claim to be an expression of ‘public interest’.
And people like Norquist (or like Abramoff, Rove, Reed, DeLay, Gingrich) have worked to change the game in Washington. There’s always been “enlightened self-interest” and corruption in centers of power, but a certain amount of ‘People’s Business’ had to be conducted. Now, the game is more about seizing all the power, and money, that one can… all while loudly claiming your efforts are for the benefit of others.
Liars and thieves love misdirection — except now, unlike the pre-Rupert era, they have an entire media empire ready to repeat their messages and throw sand in everyone’s eyes. Somewhere, the Gods are laughing, fit to bust.
Comment made “…the Gods are laughing…”. And the rest of the world is to.
Yes he can too?
Richard Ciccarone, managing dieortcr of McDonnell Investments. The bonds most likely to be downgraded will be “the safest of muni holdings” most closely tied to Treasurys, Ciccarone adds. The thinking goes: Because investors haven’t abandoned Treasurys, they won’t flee from muni bonds, either.Many states and cities forced by law to balance their budgets have made painful, sweeping cuts to improve their balance sheets this year, and they’ve anticipated further cutbacks in federal aid. And they’re going to be better positioned for whatever comes next.But then there are states and municipalities relying more heavily on federal support that are already on shaky fiscal ground. The federal government has committed to slashing trillions in funding under the debt-ceiling deal, and as such cuts materialize, they could have an outsize impact on these municipalities. “The weaker the government it is, the less able it is to provide on its own and the more dependent it is on revenues from above,” said Matt Fabian, managing dieortcr of Municipal Market Advisers, a Boston-based strategy firm. Particularly vulnerable might be large public housing projects that receive a federal guarantee as well as bonds underwritten by federal aid for transportation projects, Ciccarone said.Standard and Poor’s itself suggested that federal spending cuts, without new revenues, could impact its credit ratings of municipal debt. “We said we would be looking carefully at some of the indirect effects, if you like, on possible fiscal consolidation programs in Washington as they might impact the budgetary decisions of state and local governments,” an S&P official said on a Monday conference call, as Bloomberg reported.During the last sharp downturn in 2008, the federal government provided a short-term stimulus to state and local governments that help prop up the muni market. This time, there’s little expectation that it would be willing or able to do the same. Facing burgeoning Medicaid costs, for instance, “they’ll probably push the problem back down to the state and local governments,” Fabian said. “That’s a problem we’re concerned about and that’s when we do individual credit reviews, to see if there are implied [federal] support lines that shouldn’t be taken for granted.”S&P’s second wave of downgrades is already raising greater concern for cash-strapped states and municipalities that rely heavily on federally financed housing. On Monday, S&P announced that the biggest sources of financing for federal housing Fannie Mae, Freddie Mac and the Home Loan Bank Board would all be downgraded. There are already small signs that investors are responding: Ciccarone pointed out that the some Fannie and Freddie holdings showed wider yields than U.S. Treasurys on Monday, suggesting that investors could have less confidence in those assets going forward. “There’s a chip in that piece of art,” he said.Investors are unlikely to lose faith in Fannie and Freddie anytime soon, but such a drop in confidence would be a “double whammy” for public housing on the local level as well. “Any state or local housing finance agency bonds issued for low- or moderate-income housing backed by Fannie or Freddie or FHLB will likely be downgraded. That would increase the interest rates and thereby the cost, creating fewer units at higher rents,” said Frank Shaforth, dieortcr of George Mason University’s Center for State and Local Government Leadership. The fear, Shaforth added, is that higher interest rates would also reduce assessed property values, further reducing revenues to local governments that are struggling to fund schools, roads, sewers and other basic infrastructure.Given the relatively low rate of municipal bankruptcies to date (five municipalities filed for Chapter 9 in the first half of the year), there’s little fear that investors will suddenly lose faith in state and local governments’ ability to repay their debts, with Treasurys still a reliable backstop. But at the end of the day, unlike Treasurys, “munis are not cash, they have credit risk,” Fabian noted. “The market has grown warier.” And local governments could pay the price of such newfound uncertainty.
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