Big thanks goes out to the Tea Party and Republicans for being big babies on taxes that led to the US to experience its first credit downgrade in history from credit agency Standard & Poor’s. Of course you might not hear that from those in the main stream media who like their false equivalencies. They will try to cover up the Tea Party involvement and to blame Democrats too. The truth is out there.
The Standard & Poors’ rating agency decision to reduce the United States’ long term debt from AAA to AA+ was explained in a press release that specifically mentioned “the majority of Republicans in Congress continue to resist any measure that would raise revenues,” should, itself, make headlines like “Standard And Poors Blames U.S. Credit Rating Reduction On Republicans.”
But the fact is, some publications, most notable The Associated Press and Politico, are working (thus far) to cover up S&P’s finger-pointing at Republicans. Instead, they appear to be pointing their own fingers at President Obama – someone not mentioned in the Standard and Poor’s press release.
Have you seen, anywhere, in any media, or even heard reported or repeated on NPR, the following sentence? “We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”
It’s right there on Page 4 of the official Standard & Poors “Research Update” – the actual report on what they did and why – published on August 5th as the explanation for why they believe Congress – and even the Gang of Twelve – will be unable to actually deal with the US debt crisis.
[…]The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.
[…]It appears that for now, new revenues have dropped down on the menu of policy options.
[…]The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.
[…]Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
The Republicans agenda is clear – implode the economy so they can try to gain what they didn’t by the ballot box in 2008 and 2010 – control of Washington DC.
I am finding it hard not to say their actions boarder on sedition. It is definitely un-American, undemocratic, and makes me ill.
The answer is the ballot box. We need to vote all the Tea Partiers and Republicans out of office.