Blame The American Will

The downgrading of American debt rocked the foreign markets this evening according to this ABC news report.

Blame the American will. Washington was sent a message last election. You can be a liberal, liberal or a conservative, conservative. Regardless, take notice. OUR COUNTRY needs fixin and quite frankly Scarlet we don't give a damn.

Unions who rely on government for employment cannot have a blank check. Social programs who rely on Americans cannot have a blank check. States who look to the Federal government to solve their problems cannot have a blank check. End of story. Because obviously our credit is not a blank check according to ratings agencies.

Now, does that mean the federal government cannot collect taxes and redistribute it to the masses to effect growth? Hell no. But don't disguise an agenda behind the true meaning of government assistance. For the day of atonement is upon those who want government to tax more for their benefits and salaries.

FDR made people work for government money. John Kennedy asked not what can your country do for you, ask what can you do for your country. Tomorrow lay down the pulpits of party and unite for the country's sake like they did when our Founding Fathers created this country. Small states vs. large states, southern states vs. northern states, all had an agenda to prevent the formation of our great Union, a republican form of government. Yet it was accomplished and worked. Tomorrow tell America what you are willing to do to make it succeed. For any less committment is a phony obligation to the future.

Are you willing to have those in India and China who struggle take over your country because they are more committed to bettering themselves? More willing to study, more willing to work long hours, more willing to sacrifice the pleasures of life for a sustaining future? Our children are awash in fancy cars, summer vacations to the shore, Iphones, Ipods, laptops, cash in their pockets, gasoline money, etc. etc. etc. If we learn to say no our country will benefit in the long run. In the short run we are failing the future by demanding a blank check.

Forget what America is facing, what is America's vison, ask how are we going to chart its future?

Today Seal Team Six devoted its lives to our pettiness. Tomorrow we owe it to them to sacrifice like they did for a common cause.

Obama Doesn't Understand Debt Period

The debt crisis held the country's attention. Republicans in Washington worked on the underlying problem of too much government spending(yes, Gort too much spending, not spending alone) during the negotiations while Obamacrats wanted tax increases aka MORE government spending.

This spendthrift President threw billions at the economy and look where it is today. But that action wasn't enough to ruin the United States.

On Tuesday last week he continued the train wreck by catapulting our debt to new heights. In one day we went from $14.294 trillion to $14.532 trillion adding $239 billion. (and I guess that was George Bush's fault again). Obama, in one day, used up 60% of the debt ceiling increase You can read all about it in this Washington Times article.

The previous one-day record debt increase was $186 billion, set on June 30, 2009. Imagine that, another Obama record.

Standard and Poors for the first time in history announced a downgrade of our credit according to this ABC NEWS article.

For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough and exposed paralyzing political dysfunction.

The downgrade could cost the government and ordinary consumers billions of dollars by jacking up interest rates the U.S. must pay on its $14.4 trillion debt and a host of rates consumers pay for items such as mortgages, car loans and credit cards.

The move by S&P follows decisions by two other major ratings agencies, Moody's Investor Service and Fitch Ratings, to maintain the United States' AAA rating, though Moody's assigned a negative outlook.

When will this President and the Democrats get it. Enough is enough. Excessive government spending is not a Tea Party issue. It is a crisis for all Americans.

Barack Obama was ill prepared for this job but more importantly so are those who surround him it seems.

Congressman Barletta On The Debt Ceiling Issue

Lending Merry Go-Round

Pennsylvania- Debt Disaster

An interactive at this site will glean the following information about the debt disaster in Pennsylvania:

Global Debt Crisis
#35 Pennsylvania
01.20.10, 06:00 PM EST

Forbes Debt Rating (out of 4 stars) **
Debt Per Capita $950
Unfunded Pensions Per Capita $9,825
Moocher Ratio2 54.4%
Moody's Rating Aa2
S&P Rating AA

Governor Edward Rendell
Gross State Product $435 bil
Population 12,500,000
Average annual net migration 12,600

Net tax-supported debt (2008) $11.8 bil
Debt as % of personal income 2.5%
Debt as % of Gross State Product 2.7%
State tax revenue (last 12-mos) $29.6 bil
State tax revenue change (last 12-mos) -7.5%
State and local general revenue (2007) $93 bil

Unemployment (2010) 9.7%
Job growth* 1.3%
Income growth* 1.6%
Gross State Product growth* 3.1%
Population growth* 0.1%

When are the voters going to wake up and throw out the persons in charge who caused this problem?