A debt-ceiling debacle with little silver lining for working-class America
Jonathan P Hicks | 8/3/2011, 2:52 p.m.
Amid all the discussions in the 24-hour cable news cycle, the banter between the Tea Party, congressional leaders and the White House, the people who seemed left out of the discussions were the unemployed, the urban American struggling to make ends meet and the African-American or Latino student suffering from an underfunded education system. They are neither the faces we saw nor the voices we heard during the Capitol Hill follies, but they are the ones who will most suffer the consequences of this ill-advised "compromise."
After the signing the debt limit bill into law, Obama promised to continue to fight for a "balanced" approach to federal budgeting, saying that we "can't balance the budget on the backs of the very people who have born the biggest brunt of this recession." He also promised a "return to a job-focused agenda." However, he is now facing an empowered opposition in Congress.
One can only hope that, in this bleak fiscal environment, the president will somehow regain his footing; that he will ultimately keep his promise to champion the programs that are so crucial to the middle class and poor; that he will find a strategy to create a wealth of new jobs.
Better sooner than later.