Obama's 'selling America off to foreign creditors' ? (Perry quote)

[Gidney N Cloyd]

This guy may be Bush without the brains, if that's possible.

[leveymg]

1. Perry may be a lump of Chili mixins, but, is he wrong about that?

[blogslut]

4. Explain to me

How is Obama selling America off to foreign creditors? Facts please.

[leveymg]

5. The most glaring, recent example of that was the Treasury's announcement two weeks ago that

in the event of any technical default following a failure to raise the debt ceiling, the U.S. Treasury would follow an allocation list for payments whereby foreign holders of U.S. debt would be the first paid, before payment was made to Social Security beneficiaries, military retirees, etc.

That is what I take Gov. Full o' Chili Fixin's was referring to. I also take it as valid criticism that will probably resonate with most of the American electorate, and we'll hear it repeated frequently between now and Nov. '12, regardless of who the GOP candidate is, because it is an awfully powerful critique.

Yes, yes, we can certainly blame Republican intransigence and unreasonableness in the negotiations. But, the most politically damaging part of the Compromise is Obama's willingness to put SS/Medicare on the table for negotiations subject to Catfood Commission II cuts. That area of compromise will be extremely costly to Obama and the Democrats, as we can no longer plausibly claim to be the absolute guardians of these programs.

Despite his apparent willingness to sacrifice the Democratic Party's New Deal legacy to protect bond ratings, the federal government's credit rating still got cut, which will inevitably come with a cost to the public. Injury follows insult.

[lonestarlib]

2. He might be right about this, but I seriously doubt that Perry

even has a clue what that statement means.

[marmar]

3. Perry would sell it off at steeply discounted rates.

nt