Well, what else did you expect?\u00a0 Standard & Poor’s put the U.S out of the AAA club and into the AA+ fraternity.\u00a0 Apparently, nobody flinched when Reagan increased the national debt* by 186% in his 8 years; nor when Bush 1 increased it 55%; nor took notice when Clinton increased it (a comparatively paltry) 36%.\u00a0 Did they blush when Bush 2 blew it up 89% in his 8 years?<\/p>\n
Naaah.\u00a0 You’d have to be a black guy to understand why the Big White House, Standard & Poor’s, has now chosen to get real about how much money America owes to its banks and foreign creditors.\u00a0 I’m willing to bet my life on the fact that not one of the chief authors of the report downgrading America’s debt are black.\u00a0 Now, does that mean they should not have downgraded us?\u00a0 No.\u00a0 It means that S & P is entirely untrustworthy because everybody remembers Ross Perot and his charts showing how rapidly the debt was growing.\u00a0 He said it was unsustainable: that was in 1992.\u00a0 Was anybody at Standard & Poor’s listening then?\u00a0 Or did they not care because good ol’ boys from the Ivy League Schools were in the Permanent Government and nothing bad could happen with those<\/em> white knights in charge.<\/p>\n Well, when the white knights are out of the White House, they scheme to get back in.\u00a0 They feel a chromatic affinity for the places of power in Washington.\u00a0 So lest you think that President Obama should have done this<\/em>, or done that<\/em>, when he had both houses of Congress in his party: remember why 2009 is when we began calling the GOP the Party of No.\u00a0 Obama and leading Democrats were threatened with filibuster on just about every piece of legislation originating on their side of the aisle.\u00a0 This was a tactic that had been used mostly during lame duck sessions of Congress, but very rarely during a President’s first 15 months.\u00a0 Anyone with any analytic thinking skills will quickly deduce that the main goal — the main goal — of the Republican Party has been to bring down a Democrat at whatever cost to the nation, and regardless of that Democrat’s mandate to change things in Washington.<\/p>\n So, the Republicans are getting what they asked for.\u00a0 Obama’s probably embarassed to be the first president in history who has to preside over a nation with a less than pristine credit rating.\u00a0 The White Knights have won the opening volley, tally-ho!\u00a0 After some martini lunches they’ll pat their own backs and plan for more embarassment for the President.\u00a0 More paralysis.\u00a0 These guys are like kids tying firecrackers to the bumper of a car that’s about to have a head-on collision.\u00a0 But they’re not looking at that.\u00a0 It’s playing with firecrackers that really matters to those little White Knights.<\/p>\n <\/p>\n Note: numbers about national debt and presidential records is taken from http:\/\/www.presidentialdebt.org, August 5 2011.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"excerpt","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sync_status":"","episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","castos_file_data":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3,8,14],"tags":[],"class_list":["post-254","post","type-post","status-publish","format-standard","hentry","category-debt-downgrade","category-national-debt","category-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6sK3t-46","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/posts\/254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/comments?post=254"}],"version-history":[{"count":0,"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/posts\/254\/revisions"}],"wp:attachment":[{"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/media?parent=254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/categories?post=254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/serendipitousplanet.net\/wp\/wp-json\/wp\/v2\/tags?post=254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}