My Advice to the President

Pres­i­dent Obama,

You need to be clear about what you will do when the debt ceil­ing is not raised. You need to state unequiv­o­cal­ly that the Unit­ed States will not default on it’s debt, that the inter­est pay­ments will be made.

It must be clear that fed­er­al expen­di­tures will imme­di­ate­ly be cut 40%. You need to be clear what 40% that will be. There ARE Amer­i­cans who are going to not get their checks and you need to let us know who that will be now.

You must be clear that even though the inter­est pay­ments will be made, the inter­est rate Amer­i­ca pays on its debt will go up and that this WILL mean that the debt of the Unit­ed States will now be even greater than what every­one has been pro­ject­ing up until now. This is because the amount of prin­ci­ple pay­ments that are due in August exceed the amount of rev­enue that will be avail­able to pay them. The only way those prin­ci­ple pay­ments get paid on time is to bor­row the mon­ey from some­one else, but the bor­row­ing lim­it has been met. When prin­ci­ple pay­ments are late, the inter­est paid is going to go up.

You should explain that you have giv­en up nego­ti­at­ing since the Repub­li­cans have brought noth­ing to the table and you now insist that the debt lim­it bill be a clean bill. You should ask Amer­i­cans who are upset with the con­se­quences that you have laid out to con­tact their con­gress­man and insist on a clean bill to raise the debt limit.

After mak­ing these con­se­quences clear to the Amer­i­can peo­ple, you need to go in to the debt lim­it nego­ti­a­tions and explain that you are done nego­ti­at­ing. The Repub­li­cans have demon­strat­ed beyond all rea­son that they have no idea what it means to nego­ti­ate and com­pro­mise and since no deal can be reached, the bill must come through clean.

Thank-you for your atten­tion to this matter.

Rich Beck­man

A con­stituent.

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