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Is The Media Demanding The Debt Ceiling Increase, Or Business?

Is there collaboration?

November 24, 2012
by Tom Tillison

The Hill put out a report today titled, “Businesses demand debt-limit hike as part of deal on ‘fiscal cliff’.”

The operative word being ‘demand‘... not that there’s any chance Congress will not raise the debt ceiling, after all, the next election is a long way off.

Nonetheless, this is not as much about Congress’ inability to act in a manner beneficial to we the people as it is about the role of the media and how it continues to dictate the narrative in this country.

I defy anyone to read the article and find an actual business’ that demands an increase.  There are a couple of quotes offered from people in the financial sector – those who don’t actually produce anything of tangible value, and a quote from the U.S. Chamber of Commerce agreeing with the idea of raising the debt ceiling, but not a single reference to a business ‘demanding‘ so.

Again, considering there will be no real resistance to an increase, it could be said there’s no need for the media to intervene here, however, such a story is helpful to convince a fair number of citizens to support it and becomes a convenient point of reference to any lawmaker who may feel the need to justify a ‘Yes’ vote to his/her constituency.

Is this just more right wing paranoia or is there collaboration to such an extent by those inside the Beltway who are, in one way or another, completely inter-dependent upon one another for their very existence?  How else does one explain the headline of the aforementioned article?  I’ll leave that to you to decide.

Categories: Economy
Tags: , , , , , ,

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