JPMorgan Chase admits reckless conduct, pays $100 million fine to settle ‘London Whale’ swaps trades charges
Boomers, seniors need to review their Medicare health and drug coverage during Fall Open Enrollment

Elizabeth Warren is right on: Say ‘no more’ to conservatives who pull political stunts

Sen. Elizabeth Warren (D-Mass.) is glad that the government shutdown is over, but she’s angry that a reckless faction pulled a political stunt that was so costly to so many.

Elizabeth_Warren_CFPBI agree with Warren totally. Here’s the e-mail she sent out about the shutdown and near government default:

I'm glad that the government shutdown has ended, and I'm relieved that we didn't default on our debt.

But I want to be clear: I am not celebrating tonight.

Yes, we prevented an economic catastrophe that would have put a huge hole in our fragile economic recovery. But the reason we were in this mess in the first place is that a reckless faction in Congress took the government and the economy hostage for no good purpose and to no productive end.

According to the S&P index, the government shutdown had delivered a powerful blow to the U.S. economy. By their estimates, $24 billion has been flushed down the drain for a completely unnecessary political stunt.

$24 billion dollars. How many children could have been back in Head Start classes? How many seniors could have had a hot lunch through Meals on Wheels? How many scientists could have gotten their research funded? How many bridges could have been repaired and trains upgraded?

The Republicans keep saying, "Leave the sequester in place and cut all those budgets." They keep trying to cut funding for the things that would help us build a future. But they are ready to flush away $24 billion on a political stunt.

So I'm relieved, but I'm also pretty angry.

We have serious problems that need to be fixed, and we have hard choices to make about taxes and spending. I hope we never see our country flush money away like this again. Not ever.

It's time for the hostage taking to end. It's time for every one of us to say, "No more."

Thanks, Elizabeth. You are such a great voice for American consumers.

Copyright 2013, Rita R. Robison, Consumer Specialist

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)