Oh Eric.....say it isn't so!!!

Oh Eric………say it isn't so!

Eric Cantor Congress Majority Leader, has been in the midst of debt ceiling negotiations with our president and other members of Congress.  Eric holds the second highest position, and is deputy to Speaker John Boehner.  His latest task in debt negotiations, is to represent his other members, in dealing with a deal of $4 trillion dollar deficit reduction.  The reduction deal talks have included, social security, medicare, medicaid and closing tax loopholes for the wealthy. So far, Republicans seem un-moved on compromise, as they keep their stance of no tax increases.  

As it stands, if our debt ceiling isn't raised by August 2nd, our country will go into default.  No one knows exactly the repercussions of default, but based on our own personal debts, we can assume this could be catastrophic.  Affecting the markets globally, this could make the United States more vulnerable than before, and things could quickly spiral out of control.  So why can't we just get along for the sake of our country's future?  Maybe, if we take a closer look into what driving the debt talks, we can get a clearer picture?

Republicans stand on their firm belief that, increasing taxes will only further burden our businesses, and encourage them to stop doing business in our country. Their main issue being our country is spending out of control on entitlement programs, and until the spending is nipped in its proverbial bud, they won't compromise on the debt negotiation.  Democrats insist on producing new tax revenue from the wealthy, (anyone making over $250,000) and ending tax loopholes for millionaires and billionaires. 

With the debt ceiling fears hanging over the whole country's head, we are hearing of Mr. Cantor, Mr. Boehner and Mitch McConnell, all insisting, they will not budge on their stance of "No New Taxes".  Mr. Cantor even walked out of debt negotiation talks, due to his persistence of the GOP pledge.  Obama, has even laid out the skeleton of medicare and social security for them to lick on, and maybe take a bite at, but so far, no good.  Just when one is left wondering what in the name of all that is good,is going on?There comes a light ahead in the distance.  This light is getting clearer and clearer……..as reported from Huffington Post, Salon, Daily Kos, Politics USA, Wall Street Journal, and many other credible sources, comes a story that could turn your stomach sour.  This is the story of Mr. Eric Cantor, and his bet against the United States of America.  According to news sources, Mr. Cantor bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF~this is to say, he took a short position in long government bonds, or in other words……he is betting on inflation and default.  I remember in history class learning about treason, but I am sure I could use this nibble on a future date.  No, this is not good news, but unfortunately, this is our country's news, so get up, stand up, but please….do something!