The Rabid Conservative

Think Right, Act Right, Be Right.

Even With a Credit Downgrade, Dems Don’t Get It

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Can we really be surprised that the US was going to be downgraded?

I love America and the exceptionalism that makes us a leader in the world.  But as of last night, other nations will have to take the lead in the financial world because the thing that was prophesized, a downgrade in our credit rating, happened.

We can’t say we were not warned of this.  During the debt deal debacle, Moody’s and S&P warned the US that in order to preserve the AAA credit rating, at least $4 trillion would have to be shaved from the budget.  That means we would have to spend less, because there’s no way we were about to raise that kind of revenue in taxes (at least through direct taxation).  The best deal that Congress could schlep together

So, last night we got downgraded and we have to recognize that the Canadian Dollar and the British Pound are safer bets for investment than the US Dollar.  We may not want to accept that, but it’s true.  And why?  Because Congress keeps pushing up the debt ceiling and devaluing the US Dollar. 

It’s because Congress’ inability to stop the spending and act responsibly with the American taxpayers’ money that reduces the force of the US Dollar in the world economy.  It’s sad that the world has to pick up the spoon and tell Congress to eat our peas.  Right, Barry?

Unfortunately, we are staring it right in the face.  And until the Congress, and specifically, the militant progressive Lib-crats who only want to cut spending from the Department of Defense to preserve their voter base, changes its ways and does what all of us on Main Street, Elm Street, Sycamore Drive, and Blueberry Way have to do to keep our financial houses in order, it will never change.

And this just in. Democrats want more revenue, aka use class warfare to tax the rich* and punish them for having a corporate jet or an oil business.  Ooo…big surprise, Jeebs.  I’m all for stopping the cash giveaways but while we are browbeating the rich, perhaps we out to knock off ALL the cash giveaways – which means, cut the spending to bloated wasteful entitlement programs.

It’s stunning how very dimwitted the Dems are on this topic.  But hey, their rhetoric is great for politics.

 

* By the way, you can’t tax the rich because those billionaire corporate jet-owning oil tycoons will just pass the expenses onto their customers.  Sooner or later, the middle-class gets the pinch because the poor just can’t pay.

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Written by The Rabid Conservative

August 6, 2011 at 12:54 pm

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