“The power under the constitution will always be in the people. It is entrusted for certain defined purposes, and for a certain limited period, to representatives of their own choosing; and whenever it is executed contrary to their interest, or not agreeable to their wishes, their servants can and undoubtedly will, be recalled.”

~ George Washington (1787)

Tuesday, July 12, 2011

Fear mongering is not an effective leadership tool

I just sent this to our US Senators, courtesy of their contact pages:
I would appreciate it if the Democratic Party in general, and the President in particular, toned down the rhetoric of fear and class warfare. It is neither welcome nor necessary.

Specifically, if we don't raise the deficit ceiling, the Treasury will not default. We will still have the revenue to pay the interests on our debts, which is the accepted definition of default in the financial world. Secretary Geithner can meet those obligations easily with current revenue. Kurt Brouwer of Market Watch says it best on his blog:

http://blogs.marketwatch.com/f​undmastery/2011/07/12/the-u-s-​treasury-will-not-default/

What we will have to do is prioritize spending. Some parts of the Federal budget will not be funded. This is largely at the discretion of President Obama, so when he claims that retirees will not get their Social Security checks in August, that is his decision. Not the Republican portion of the US Congress. HIS decision, alone.

So, if you would be kind, please see if you can get President Obama to stop holding the financial security of America hostage, against his bid for re-election in 2012.

Thank you for your time.

Sincerely,
Why would I ask US Senators to get the political rhetoric toned down?  Ask President Obama.
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