AMERICAS DOWNGRADE AND WHY WE THE PEOPLE MUST ACT - THE SUNDAY COMMENTARY
Now we have been downgraded to a AA-plus rating and the first implications of that have already begun as foreign markets are seeing US interests losing several points in their values with no immediate end in sight to the loss. This is just the first of many trickle down reactions to our country losing its AAA rating.
The value of anything related to our country whether goods, stocks, etc. will drop affecting prices worldwide but especially here at home. Over the next several days and weeks we can anticipate interest rates climbing making loans harder to acquire which will have the immediate affect of further damaging our housing market which has still not recovered from the crash of 2008.
Yet those in Washington are either ignoring this true crisis or speaking of it in a rather nonchalant way as if this is just another part of business as usual when dealing with a nations economy. There has been NO reaction from the child in the Oval Office whose financial exploits are greatly the cause of this economic disaster. I am sure he has better things to do like golf, than concern himself with the pending financial downfall of our nation.
My hear ached when I saw the headlines that Standard and Poors had downgraded The United States. Especially in knowing that this was preventable had those who we have hired to serve us actually done their job. Instead they not only failed us and the country but in doing so showed they have NO concern over the nations well being but in only getting their greedy paws on more money to spend.
Standard and Poors had been warning Obama and Congress for weeks that this was coming and signaled what would be necessary to prevent it and it was NOT raising the debt ceiling. The warning was that a minimum of $4 TRILLION dollars would need to immediately be cut from our nearly $15 trillion dollar debt and then further decrease to come to lower the debt with real spending cuts.
Obama and Congress ignored the warning and concentrated ONLY on increasing the debt ceiling with NO real cuts. Oh, they brag that they have created a commission that will tell Congress where to cut the pittance they legislated in the debacle signed by Obama that raised the debt ceiling, but none of the cuts are real or immediate and Standard and Poors lowered our rating as they realized NOTHING was being done to reduce our debt.
In fact this debacle raises our debt nearly $1 trillion dollars before this year is out and sets a pace to raise it another $10 trillion over the same time they are claiming it will cut about $1.5 trillion over ten years. HOW STUPID DO THEY THINK WE ARE? Even John Boehner when asked about the lack of cuts just responded, "that's how things work in Washington."
Well if THAT'S how things work in Washington then they have ignored the mandate we sent them in 2010 and it is time for an uprising of the people the likes of which have not been seen before in this country. We are their authority and it is we who must act to save our country since they obviously will not.
The left has even tried to invoke President Reagan by using the times he raised the debt ceiling as a way of justifying raising it without deep cuts to counter balance and actually begin decreasing the debt. What they neglect to tell is the whole truth. Reagan allowed the debt ceiling to be raised to temporarily allow for additional monies until his tax cuts could bring in the massive amount of new revenue they did AND with the promise that Congress would cut spending along with receiving the additional revenues resulting from the increased spending of Americans who had more money in their pockets. Congress didn't fulfill their end of the deal and the debt grew.
I had thought that the major concern we would have as American voters in 2012 would be to get Obama out of office and eliminate the Reid controlled majority in the Senate. But with this debacle having taken place and the obvious lack of concern over our downgrade and debt problem by most of Congress and Obama, the time has come for Americans to completely clean house and send a new slate of strong conservative lawmakers and a President to DC.
There are only a handful of real representatives who are angered by this and they will continue the fight but they cannot do it without the will of the people and our vote to get them some help in DC to reverse this madness, get our AAA rating back and set our country on the path of fiscal responsibility and Constitutional principles restoring our Republic to the vision the Founders intended. We must stand together as Americans and MAKE this happen in 2012 for our nations survival and future generations who must have an American with the same opportunities that we and past generations have had.