#TBT #514 The manufactured debt crisis (Throwback)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 1 June 2023
⏱️ 52 minutes
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Summary
Original Air Date 8-2-2011
Today we take a hard look at the debt ceiling debate of 2011 because we’re going through the exact same thing right now with only a few of the names changed
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SHOW NOTES
Ch. 1: Debt Ceiling Fight Is Fake - Young Turks - Air Date 6-20-11
Ch. 2: Debt Ceiling Hypocrisy - Jim Hightower - Air Date: 7-11-11
Ch. 3: Armadebtdon 2011: National Bullshit Ceiling - The Daily Show - Air Date 7-18-11
Ch. 4: Lincoln, the 14th amendment and full faith and credit of the U.S. - Rachel Maddow Show - Air Date: 7-26-11
Ch. 5: Media covering Obama and the debt negotiation - Counterspin - Air Date 7-28-11
Ch. 6: Rhetoric Surrounding Debt Ceiling Debate Gets Ridiculous - Media Matters - Air Date 7-12-11
Ch. 7: Debt to America! - The Bugle - Air Date 7-28-11
Ch. 8: Manufactured crises get solved easily and cynically - Common Sense - Air Date 7-20-11
Ch. 9: Who's lying more? - On the Media - Air Date 7-29-11
MUSIC (Blue Dot Sessions)
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Transcript
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| 0:00.0 | Welcome to this throwback Thursday edition of the award-winning Best of the Left podcast, |
| 0:07.8 | where we remember the past and choose to repeat it. |
| 0:10.8 | A version of this episode was originally published on August 2, 2011, and we've chosen it |
| 0:17.0 | because it was titled The Manufactured Dead Crisis. |
| 0:20.8 | Again, back in 2011, and it could have just as easily been produced today with only a |
| 0:28.2 | few of the names changed. |
| 0:30.4 | Sources include The Young Turks, Jim Heightower, The Daily Show, The Rachel Maddo Show, Counter-Spin, |
| 0:36.4 | Media Matters, The Bugle, Common Sense, and On the Media. |
| 0:42.0 | Democrats and Republicans are having fights over, should we raise a debt ceiling or not? |
| 0:50.0 | I've told you all along, Republicans are bluffing, Wall Street has already told them you're |
| 0:53.8 | going to raise a debt ceiling and you're going to shut up about it, okay? |
| 0:57.4 | And so Republicans are pretending, oh no, no, no, we got a massive trillion dollars |
| 1:01.1 | with it cuts. |
| 1:02.1 | Now Democrats know they're pretending. |
| 1:03.8 | Tim Geiner even said it to the press, hey, I talked to the bankers then they already gave |
| 1:07.1 | these guys their marching orders and we know that they're going to give it on that, right? |
| 1:10.8 | But they're all playing game on us to screw all of us over so they can cut spending and |
| 1:15.5 | cut taxes to Named to Rich even Rich, right? |
| 1:18.5 | To give you a sense that that's an absolute certainty. |
| 1:21.6 | On Face the Nation, Senator Mitch McConnell said, if we can't do something really significant |
| 1:25.2 | about the debt ceiling, then we'll probably end up with a very short term proposal over |
| 1:29.9 | a few months and we'll be back having the same discussion in the fall. |
... |
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