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Sunday, August 7, 2011

The Same Old Story

I my last post, I demonstrated how new taxes will not help get control of our massive debt. Now that the S&P has downgraded America's credit rating from AAA to AA+, the winged monkey, Harry Reid has said that the solution to this problem is to raise taxes. Yes. it's the same old story from the Dimocrats, raise taxes, spread the wealth.

Here's what the winged monkey said,

The action by S&P reaffirms the need for a balanced approach to deficit reduction that combines spending cuts with revenue-raising measures like closing taxpayer-funded giveaways to billionaires, oil companies and corporate jet owners. This makes the work of the joint committee all the more important, and shows why leaders should appoint members who will approach the committee’s work with an open mind - instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding.
The problem is that the "balanced approach" does not balance anything. It certainly won't balance the budget. We could tax the "rich" at 100 percent and the national debt would continue to climb! And nowhere did I see the S&P demanding a "balanced approach". The S&P downgraded us because we owe too much damned money and continue SPENDING like there is no tomorrow. How disconnected and out of touch from reality can Harry Reid possibly be?

Now I am seeing accusations flying from the lame stream media accusing Republicans for the downgrade. I heard another talking head on TV saying that if the Republicans had refused to raise the debt ceiling they would have been blamed as well. So no matter what happens, either way, it will be the fault of the Republicans which illustrates the point that the Republicans might as well go ahead and do the right thing and not worry about the blame game.

The fact of the matter is that the blame for the downgrade rests with every member of congress, Dimocrat and Republican, that voted for the "debt deal" and agreed to raise the debt ceiling. The debt deal did not fix anything and as I have already discussed in previous posts, in the best case scenario, the national debt will still increase over 7 trillion dollars in the next 10 years. THIS IS WHY WE WERE DOWNGRADED!

Oh those evil rich people! When will they ever pay their fair share?

1 comment:

  1. Amen

    Debbie
    Right Truth
    http://www.righttruth.typepad.com

    ReplyDelete