Thursday, November 29, 2012

Add this to the election costs

Remember when the Republicans held us all hostage last year, refusing to vote to increase the debt ceiling unless the President caved in on tax cuts for the wealthy?

The Bipartisan Policy Center has just released a report that says it's going to cost taxpayers about $18.9 billion over the next 10 years, because of the increased interest rates the government had to pay on the money it borrowed during the standoff, due to our creditors' fear that we might default.

It was pure politics.  They knew it had to be done, and they knew they were eventually going to do it.   But they held everyone hostage -- and now we have to pay for their political stunt.

So -- just one more cost to add to the already $6 billion estimated by the New York Times as the amount of money raised and spent on the election.  It actually quadruples the cost of politics this year.

Also add in the $1 million spent by the House to defend DOMA in court after the Department of Justice declined to defend it.  

Do you need any more evidence to vote these bums out of office next chance you get, like 2014?

Ralph

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