Sorry for the sporadic posting, y’all!
I blame the heat.
Anyhoo…let’s jump in!
The S&P has downgraded the United States from an AAA rating to an AA+ rating. The S&P cited our fucked up from the floor up political budgeting process…the fact that we have to go to the brink of economic disaster to patch together a lame ass non-solution solution…and the clusterfuck issue of deep spending cuts without revenue increases.
In short, the S&P has informed the United States that we have an ugly baby.
No one wants to hear that they have an ugly baby. The United States is no exception. The Obama administration has responded by challenging the S&P’s math…pointing out that the other three whatevertheycallthemselves credit groups have not downgraded the nation…and added a dash of spicy political spin by calling this the Tea Party Downgrade.
Tea Party politicians took to the Sunday political chat shows to blast the Obama administration for being the Obama administration…deny that the same process of tying debt ceiling increases to spending cuts that they created, the S&P cited as a key unattractive feature, and those who adore tea bragged about creating was in any way responsible…and generally ignore the revenue concerns while doubling down on spending cuts as the only solution for anything and everything.
Everyone is going off on everyone…the baby is crying…markets are convulsing…tea is boiling…and the whole world is watching.
The thing is, spending cuts are not the cure to what ails us anymore than removing a tumor cures cancer.
The argument over whether the S&P is using faulty math is valid…hell, I wish economists questioned credit rating systems for the rest of us too.
The debate over the political process of tying debt ceiling increasing to spending cuts ain’t going away…that horse is out of the barn, for better or for worse.
But at some point soon someone needs to move to a very well lit room, polish their eyeglasses, lean down and take a good long look at the baby.
When that brave soul does look at the baby I’m betting they’ll find that the wee one isn’t actually ugly...poor little thing is just covered in gobs of political bullshit and in need a good bath.
But you know and I know that you know that I know that, even if these fools could agree that the baby is covered in political bullshit and in need of a bath, they’d just launch into a debate over how the bullshit got on the infant and what brand of soap to use and who should wash the hair and whether the water is hot enough or too hot and…