Vote: Who is to Blame for the US's Credit Being Downgraded?
For two years, the Democrat party had a super-majority in the Senate, the majority in the House, and the executive branch. They had hundreds upon hundreds of chances to raise the debt ceiling or to cut spending but decided not to. Yet, the day after S&P downgraded the United States' credit rating, Democrats are deciding to blame Republicans for every possible thing wrong with the economy, particularly our credit.
The action by S&P reaffirms the need for a balanced approach to deficit reduction...instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding.
So the question is: who is really to blame? Is it Republicans for demanding that Democrats cut over-spending and balance the budget? Is it President Obama for leading from behind? Is it Democrats for over-spending and blaming others instead of actually doing anything? Maybe President Bush somehow? Or some combination?
The jihad against domestic energy production, the tsunami of financial and EPA regulation, the not yet-sheathed sword of cap and trade and, perhaps above all,the unknowable future burdens imposed by Obamacare have stifled economic growth and blunted unemployment. Who would hire anyone in this climate? With more than 9 percent unemployment government tax revenues are down. And in the midst of this self imposed stagnation, the Congress and White House have gone on a spending binge, with useless boondoggle projects like "high speed rail" linking the on-the-ropes city of Chicago with the no-hope, failed towns of Detroit and St. Louis. We are lucky to still have two stars.
The problem is the electorate... It is too stupid to tie its own shoes, let alone recognize and vote for its own long-term self interest.
ReplyDeleteThe jihad against domestic energy production, the tsunami of financial and EPA regulation, the not yet-sheathed sword of cap and trade and, perhaps above all,the unknowable future burdens imposed by Obamacare have stifled economic growth and blunted unemployment. Who would hire anyone in this climate? With more than 9 percent unemployment government tax revenues are down. And in the midst of this self imposed stagnation, the Congress and White House have gone on a spending binge, with useless boondoggle projects like "high speed rail" linking the on-the-ropes city of Chicago with the no-hope, failed towns of Detroit and St. Louis. We are lucky to still have two stars.
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