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Losing an A isn’t a +

The White House celebrated the President’s birthday by having a fundraiser that cost $71,600 to attend.  His biggest gift wasn’t the $2 million raised there, but the earlier gift of raising our debt ceiling prior to the August 3rd “deadline”.  I imagine the President would love to thank each and every one of us – it only cost us our AAA rating.

Of course, the Tea Party will be the ones that the left and media blame for this debacle.  They couldn’t possibly place this at the feet of liberalism.  This responsibility will come in spite of it being almost everyone’s fault other than the Tea Party’s.  The S&P’s statement said as much by basically pointing to the failing philosophies of progressivism and an ever expanding government as the justification for their downgrade.  

What is crazy is that nearly all of us saw this coming, but the President, the Senate, and the House (to include many who disgrace the letter R beside their name) thought this wasn’t going to come.  It was April when the genius Geithner told us that there was “absolutely, no risk” of us losing our AAA rating.  He told us that the leadership in Washington would take the necessary steps to prevent this from taking place.  Just a few days ago Boehner and Reid agreed that this compromise would save us from the apocalyptic August 3rd deadline catastrophes.  They, again, were wrong.

All of this reminds me of the kind of rhetoric prior to the stimulus packages.  Mark my words, this debt ceiling rise will be the new “saved jobs” slogan in the upcoming talking points.  “If you think this is bad, imagine if we HADN’T raised the debt ceiling!”  They will take no blame; they will look to us, the people and appoint us scapegoat for their own failures.  Our town hall meetings, rallies, debates, arguments, blogs, and thoughts are the Achilles heel of this great nation.

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RightHandMan

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Comments
  • Steve Dennis August 6, 2011 at 6:44 AM

    They will try to blame the Tea Party, but the Tea Party is the only group that was serious about solving this problem while the Democrats and establishment Republicans were only worried about saving their jobs.
    Steve Dennis recently posted..S&P downgrades United States’ credit ratingMy Profile

    • RightHandMan
      RightHandMan August 6, 2011 at 9:36 AM

      The key word there? “Their jobs”. As I said to John months ago, the problem with Boehner is that this is the best “job” he’s ever had…He’s not going to do anything too risky that might cost him this position… And that careful stepping will ironically be his bane.

  • Jim at Conservatives on Fire August 6, 2011 at 9:27 AM

    RHM, I’m going to respectfully disagree with your title for this post. I think that S&P may have done a favor for America and for conservatives. Although the RINOs went along reluctantly, the Republicans showed they recognize the seriousness of the crisis that confronts our nation _ total economic collapse. The President and the Democrats refused to acknowledge the coming crisis and chose to continue playing politics. It may very well be wishful thinking on my part, but I hope that after Congress reconvenes in four or five weeks, that S&P downgrades US debt even further. Maybe then this wet dream we call a Super Committee will give Mr. Obama the all American bird and then produce a plan to reduce our debt and deficits that the rating agencies can believe in. Like i said, probably wishful thinking…
    Jim at Conservatives on Fire recently posted..Guest Saturday with My Tea Party ChronicleMy Profile

    • RightHandMan
      RightHandMan August 6, 2011 at 9:35 AM

      Good try, but I don’t think we disagree on that point. I think that this S&P drop was a gift that was long overdue. It is perhaps a necessary, yet painful step toward facing the realities of our current situation.

      The point of my post is that the President & Co. will try to blame this rating drop on us instead of taking the responsibility for themselves. After watching the talking heads for the last 12 hours, I think that prediction has turned to fact.

      I do hope your wishful thinking becomes a reality.

  • Bunkerville August 6, 2011 at 11:12 AM

    I think we are being played by S&P. Last night the guy was on from CNN. It was highly political. He says the Bush tax cuts must go. OK, I agree we are in a mess. But this will cost each and every one of us a bushel of dollars in our pensions and 401 Ks, and put the government even further in debt. he other folks who warrant this is Sloevnia and Hungary? They will make out like bandits on Monday. These are the same guys who got us into this mess by rating worthless debts with a 5 stars.
    Bunkerville recently posted..Obama decrees: DOD, DHS Agencies fulfill Environmental JusticeMy Profile

    • RightHandMan
      RightHandMan August 6, 2011 at 12:57 PM

      Very true Bunk. The S&P is going to have a lot of light illuminating some dark dealings in the days ahead.

  • Trestin August 6, 2011 at 12:52 PM

    What worries me most is that the Keynesian solution to all of this is a major war,
    Trestin recently posted..The Origins of Agenda 21My Profile

    • RightHandMan
      RightHandMan August 6, 2011 at 12:57 PM

      Nothing like a 3rd one….eh?

  • proof August 6, 2011 at 6:29 PM

    And this is only the first shoe to drop. neither Congress nor the President has seemed to have gotten the message that a real reduction in the debt is needed to restore confidence in both the dollar and our economy.

    Simply slowing the rate of deficit spending is a formula for repeated lowering of our credit ratings and mountains of debt, financed at higher and higher interest rates.
    proof recently posted..A Little Saturday Night MusicMy Profile

  • Bob Mack August 6, 2011 at 11:34 PM

    I received this via e-mail yesterday:

    2011 Federal Budget Deal
    Federal Budget: $3,820,000,000,000 (3.82 Trillion)
    Income: $2,170,000,000,000 (2.17 Trillion)
    New Debt: $1,650,000,000,000 (1.65 Trillion)
    Amount Cut: $38,500,000,000 (38.5 Billion) – about 1% of the total budget.

    Harry Reid is calling this a “historic amount“. The President said it is a “historic deal”. John Boehner simply said, “We’ve come to an agreement”.
    Let’s Put This In Perspective. It helps me to think about these numbers in terms that I can relate to. Let’s remove nine zeroes from those numbers and pretend this is a monthly household budget for the fictitious Jones family:

    Amount of money the Jones family spent this month: $3,820

    Total income for the Jones family this month: $2,170

    Amount of new debt added to the credit card this month: $1,650

    Outstanding balance on the credit card: $14,271 (This represents our national debt).

    So last week, the Jones’s sat down at the kitchen table and agreed to cut $38.50 from their monthly budget. A historic amount!

    R U Impressed?
    Me neither!!!!

    Bob Mack recently posted..Pin The Debt On The DonkeysMy Profile

  • rjjrdq August 7, 2011 at 12:56 AM

    How ironic that it was the “intransigent” tea party that would have actually saved our AAA rating.
    rjjrdq recently posted..China Lectures the United StatesMy Profile

  • John Galt August 7, 2011 at 10:47 AM

    Of course, the President and Reid will try to blame it on everybody else – the Tea Party, Republicans, Bush, hurricanes, earthquakes, etc. – but they won’t succeed.

    In fact, the more they try the worst it gets for them because in spite of claiming to be like Lincoln, president Obama is not heeding Lincoln’s warning, “you can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time”.
    John Galt recently posted..Okay, So An Economist Went Into a Bar…My Profile