And So I Go: Yesterday, Today and Tomorrow

The Real S&P Story

Posted on: August 9, 2011

The Market is going DOWN in triple digits and the politicos are beating at each other  while the real story is a “pox on both their houses”.  Especially egregious is the MSM and Democrats demonizing and blaming the Tea Party for this whole mess, AND BEING BELIEVED!  How a newly elected 67 freshman law makers  in one part of a three part legislative process can have been to blame for anything is beyond me, but the ladies and a few gentlemen in my swim class  are blaming the Tea Party.  So just in case the story is the same out there perhaps you all need the real story from the horse’s mouth so to speak.  Please read the Standard and Poore’s own report.  it isn’t long.  Here is an excerpt:

We lowered our long-term rating on the U.S. because we believe that the
prolonged controversy over raising the statutory debt ceiling and the related
fiscal policy debate indicate that further near-term progress containing the
growth in public spending, especially on entitlements, or on reaching an
agreement on raising revenues is less likely than we previously assumed and
will remain a contentious and fitful process. We also believe that the fiscal
consolidation plan that Congress and the Administration agreed to this week
falls short of the amount that we believe is necessary to stabilize the
general government debt burden by the middle of the decade.
Our lowering of the rating was prompted by our view on the rising public
debt burden and our perception of greater policymaking uncertainty, consistent
with our criteria (see “Sovereign Government Rating Methodology and Assumptions
,” June 30, 2011, especially Paragraphs 36-41). Nevertheless, we view the U.S.
federal government’s other economic, external, and monetary credit attributes,
which form the basis for the sovereign rating, as broadly unchanged.

I sincerely hope in all of thi9s you understand that the House Republicans sent no less than two bills to the Senate to solve this Debt Ceiling Crisis (beside the 2011 Budget!) and  Harry Reid wouldn’t even allow it to reach the floor of the Senate for discussion let alone vote.  All the Democrats and the creature in the White House could call for was a compromise so a compromise is what we got:  instead of the debt going up by 10 TRILLION over 10 years it will only go up by 7 TRILLION.  Remember the definition  of a compromise: A camel; is a horse designed by a committee by compromise.  Yes, Dear Reader, We the People got a camel from our federal government.  BB

6 Responses to "The Real S&P Story"

Democrats get away with all because they are perceived to be the compassionate ones. The people still like people that give them stuff. In fact the democrats are power hungry and have been through my lifetime. I blame the republicans because they don’t really fight back and therein lies the problem. They worry more about what people think instead of doing what’s right. God Bless Rep (Col) West that told Wasserman Shultz the nasty one where to go and wouldn’t appologize. Remember back years ago (before PC) a woman would see a mouse and hop on a chair, well when a republican sees a democrat he hides out of fear.

America operates under elite-serving constructs and institutions (academia, courts, media). Issues (deficit, health care, etc.) and personalities (Obama, Palin, etc.) play within elite-serving constructs and institutions. Americans and America lose.

On this planet only substance works over time. Only substance can benefit Americans and America. Political organization is a creation of nature. Nature’s political organization (governance) is substance.

In elite-operated America nature’s political organization is the great unknown. Adults understand through observing and living. Governance is explained through fact situations that confront Americans and Americans can readily understand at The vehicle is real estate zoning in a suburb outside of Chicago. Governance Forever More!

I agree with Mr Corey but it falls apart when information to the people is short circuted by our Judas Goat Press and they protect the likes of Obama.

Nice article, thanks for the information.

Have you noticed that even the most vehement Obama supporters are now taking a second look (well, really a FIRST look!) at the One? BB

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