By Mr. Curmudgeon
It’s a good thing the big-government cabal in Washington raised the debt ceiling, saving America’s triple-A credit rating. Well, not exactly. As I said throughout the meaningless debt ceiling debate, the world’s credit rating agencies were going to downgrade U.S. creditworthiness because the nation is not serious about solving its debt problem, not because mean old Tea Partiers objected to increasing the nation’s debt and called for balancing the federal budget.
“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” said Standard and Poor’s Ratings Services in its downgrade announcement. S&P warned that another downgrade would occur “if we see … less reduction in spending than agreed to…”
In other words, Obama, his slim Democratic majority in the Senate and compromising establishment GOP leaders in Congress were not serious about curbing government spending or decreasing the nation’s debt. Less than a week after all the above denounced Tea Party Republicans as radicals unfit to govern for offering legislation calling for deep budget cuts, entitlement reform and a balanced budget amendment to the U.S. Constitution, S&P validated the Tea Party approach as the only one serious enough to save the country.
Standard & Poor’s just provided a campaign commercial for Tea Party challengers in the upcoming GOP primaries. There is no question that Speaker Boehner and other GOP “leaders” must be challenged in the 2012 primaries. Democrats and establishment Republicans, who told us their compromise would save the nation, lied. They have no credibility. None. Zip. Zero.
Washington’s bipartisan Progressive political class thought the nation’s economic and debt problems, which are the byproducts of politics, could be solved by … politics. But sound economic policies, like mathematics, aren’t subject to politics or, shock of shocks, political compromise. What S&P’s downgrade tells the American people is that their elected representatives can’t wish our fiscal problems into the cornfield. That our nation’s spending and borrowing is killing more than our triple-A credit rating. It’s killing our country.
Tea Party Republicans offered the only logical means to save the nation and were rejected by the establishment politicians in both political parties and dismissed as dangerous radicals by the mainstream media. It’s time Americans stopped drinking the big-government Kool-Aid.
S&P not only downgraded America’s credit rating, it downgraded Progressive Washington’s competence to govern, and by implication, just upgraded the Tea Party’s triple-A credibility rating.