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Nah, we said this was going to happen, anyway ... no matter what kind of debt ceiling nonsense was worked out between the Democrats and Republicans in Congress. The rating downgrade isn't a debt problem; it's a spending problem. Government sucks money out of the producing side of society and then gives that, and much more that it borrows, away to the non-producing side of society. In other words, it's pissing our country's financial future away for nothing ... nothing but vote-buying so certain politicians can stay in power, that is. More of our citizens need to start standing on their own two feet and our federal government needs to drastically slash (in real terms - not just reduce the scheduled increases) its spending on social engineering. If that happens, business will get stronger, more people will be working, and we will start earning our way out of this debt problem, which, once we show we can and will pay off our debts instead of just opening up another credit line, the rating problem will go away, too.
B.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence |
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