Were the Credit Agencies Afraid of the US Hitting the Debt Ceiling?

In a word . . . NO!

The president and the media have made out this "crisis" as the cause of the United States having the bond rating downgraded.  (It has been threatened and likely will still happen.)  They said this was fear of the government defaulting on its financial obligations.  Passing the bill to increase the debt limit was supposed to solve the problem.  Hey Republicans, it's urgent that you give up your principles, because if you don't, it will be your fault that the rating dropped.  It will be your fault that the cost of credit will rise.  That is the cost to the federal government, private citizens, and businesses.  They said this will cause a double dip recession.  (Did the other recession really end already???)

There are a lot of problems with all of this speculation, innuendo, and lies.  #1, the reason for the credit downgrade is because spending is out of control.  We are spending far more than we are collecting in revenues.  There are no signs that this spending will end soon.  The only thing in this debt ceiling debate that could have saved our national credit rating would have been a serious step toward a balanced budget.  The Cut, Cap, & Balance bill required a balanced budget amendment that would have demanded this fix to our economic system.  But the Democrats squirmed out from under this "ball and chain."

The Democrats strung this thing out until we were in the last hour.  Then the president threatened everyone that there would be a disaster if the only bill left standing wasn't passed.  There was no reason to hit this deadline.  When Bill Clinton was president, the government was "shutdown" twice.  In November 1995, there was a six day suspension of non-essential government services followed by another one in December and January for 22 days.  This was done because the Republican congress passed a balanced budget, and Bill Clinton refused to sign the bill.  He fought it kicking and screaming just like Barack Obama did this time.  Isn't it interesting how Democrat presidents and lawmakers are against a balanced budget.  Isn't it also interesting how Bill Clinton now takes credit for the balanced budgets that happened during his term as though they wouldn't have happened without him.

The Democrats have managed to win, and America lost.  That's what makes me hate Democrats so much.  They don't care about what is good for America or bad.  It's all about winning re-election.  It's all about them.

This MessAPolitico is causing the bond rating to drop for the first time in History.  This MessAPolitico will still be blamed on the Republicans, because the media and the liberals will say they blocked the process too long.  The cuts are just reductions in the amount of increase in the budget -- they aren't real.  The entitlements are still on auto-pilot -- they're untouchable.  The folks supporting this bill are saying the freshmen Republicans changed the discussion.  We were talking about tax increases, but instead we got real cuts.  Blah, blah, blah.  What a bunch of #*%#@$#!!!!

The Republicans let themselves get snookered.  The MessAPolitico rolls on.  I won't need to change the name of this blog anytime soon.