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Is the Anti-McCarthy Crowd in the Bag for the Billionaires, Putin, or Both?

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Thom Hartmann
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Reprinted from hartmannreport.com

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Is this all a continuation of Trump's January 6th coup attempt and his desire to convert America from a democracy into a despotic strongman-rule nation aligned with Russia?

Amazingly, it's the second anniversary of January 6th and we're still talking about an ongoing attempt to sabotage the American government.

Yesterday, I argued that the Freedom Caucus members and their handful of compatriots voting against Kevin McCarthy for Speaker of the House may have been doing so because the rightwing billionaires who back them want to roll back FDR's "big government" in America.

Now comes investigative journalist Dave Troy noting that America's rightwing billionaires aren't the only ones who want the US government to fail. So does Vladimir Putin.

And most of those voting against McCarthy not only appear to be in the bag for the billionaires but for Putin as well.

Troy argues that Russia endured a terrible default crisis in 1998 and would like nothing more than to see the US go through the same:

"Putin and others in his milieu well-remember what Russia defaulting on its debt was like in 1998. Now it seems they feel like it's payback time, as many of them feel that default was something engineered by the US between 1989-1998."

There's absolutely no doubt that a default by the United States would cripple our economy and lead to a crisis not seen since the Republican Great Depression.

CBS News reports that Moody's Analytics' Chief Economist Mark Zandi says it would nearly instantly wipe out as many as 6 million jobs and destroy $15 trillion in household wealth. Unemployment would rapidly spike to at least 9 percent and the stock market would fall by a third.

But is it possible that's actually the goal of the anti-McCarthy crowd? And, if so, why or on whose behalf?

Does this have something to do with Kevin McCarthy, in 2016, coming right out and saying that he believed Donald Trump was on Putin's payroll?

Back in 2011, the last time Republicans played chicken with our national debt by refusing to raise the debt ceiling, our nation's credit was downgraded, leading to higher borrowing costs and economic weakness that continued into the 2012 election year, badly (but not fatally) damaging Democrats and Obama's re-election chances.

Had Republicans not blinked at the last minute and given in to lifting the debt ceiling so the Treasury could pay bills run up by Congress years before, we would have defaulted and the shattering consequences would still be felt today. It's hard to overstate how much damage it would have done to America, American businesses, and American families.

But are the Republicans fighting against McCarthy really planning a repeat of blocking the debt ceiling only, this time, actually destroying our nation's creditworthiness? Could they be that psychopathic?

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Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War Against the Middle (more...)
 

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