Americans ‘Disgusted’ as Politicians Fail to Compromise on Debt

Posted by Kendall Harmon

The inability of Congress and President Barack Obama to reach a deal on raising the national debt ceiling leaves retired Air Force pilot Phil Pignataro filled with feelings, none of them good.

"All the negative emotions you can think of I pretty much have when I see that there's no compromise and they're willing to ruin the economy," said Pignataro, a 65-year-old who lives in Algonquin, Illinois. "For better or for worse, my retirement is all tied up in the government."

Polls and interviews conducted over the past two days show Pignataro is among Americans growing disenchanted by and disconnected from congressional leaders and Obama, even as they face a personal economic reckoning.

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Posted July 26, 2011 at 11:20 am [Printer Friendly] [Print w/ comments]



1. David Keller wrote:

I doubt the efficacy of this article. Look where it is from and who they interviewed.  Senators like Claire MacKaskill and others who are highly vulneralbe are scared to death. Our political elites have the real polling data and several Democrats said this morning Obama’s
“speech” guaranteed a Republican majority in the Senate.  When a Democrat says that, things are alot different in America than the San Francisco Chronicle is telling us.

July 26, 2:18 pm | [comment link]
2. Teatime2 wrote:

OK, just had to share this. I emailed my congressman about all of this today and, just a few minutes ago, found an invitation to join a House list serve in my email box. The invitation was written in abyssmal English but, basically, told me that I had to reply to the message to activate my participation on the list serve. I did so.

And I got a reply. In CHINESE! So, either I just got scammed by some Asian outfit or the House list serve management is being outsourced. Sigh ...

July 26, 6:44 pm | [comment link]
3. Capt. Father Warren wrote:

is among Americans growing disenchanted .....by congressional leaders and Obama, even as they face a personal economic reckoning

Really?  He/We think we are facing a personal reckoning now?  Wait til the whole darn system crashes.  Then there will be no sugar daddy to continue sending out checks because no one is going to finance our profligate spending.

We are at $14T in debt and soon to be adding more.  None, that is NONE, of the so-called “cuts” being discussed are cuts.  Not one plan being proposed actually cuts anything.  At best, at best, they reduce the future trajectory of spending.  That still means over the next 10 years anywhere from $6-10T IN YET MORE DEBT ON TOP OF THE EXISTING $14T!!!!!!!!!!!!!!

How many people out there [if you can be honest with yourself] really believes the rest of the world is eager to finance that much more debt for us?  Remember, they are going to be watching our debt to GDP ratio which is heading toward third world status.

What do you think will happen when the bond window closes and we can’t borrow anymore?

Anyone here ever read the book, “Patriots” by James Rawles?  It ain’t a pretty picture no way you slice it.

July 26, 7:29 pm | [comment link]
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