I Have a Gripe

August 6, 2011

POTUS, Congress and the S&P

It was announced last night after the markets closed that the S&P downgraded America’s “AAA” rating to “AA+,” claiming a variety of issues, including the political tone in D.C. and lack of specific plans to reduce the nation’s debt, to name a few. There was push back from the Obama administration, citing a potential “math mistake” in S&P’s calculations, however, the rating agency still moved ahead with the downgrade.

Now, in my opinion, there is plenty of blame to go around. You have the Congress, which is about as organized as a kindergarten class; you have our “Deflector in Chief,” who is the champ when it comes to blaming and delegating to everyone else; and finally, you have the S&P, who didn’t see the recent recession coming and thought all the questionable mortgages that got us in trouble was a great idea.

Here’s the best part of the whole mess – China took full advantage of this opportunity to lecture us on how we manage our bills. We are borrowing from our enemies and giving money to countries that hate us. Does anyone else see an issue with this?

What we should really do is take a hard look at where our funds are going and make a conscious decision to help our citizens FIRST. We also really need to look at the tax code and both really have everyone “pay their fair share,” to steal a phrase from our President. Right now, 51 percent of all citizens do not pay income taxes of any kind. So, our country is expecting 49 percent of the citizens to carry the load for everyone. This is an impossible task. By moving to a flax tax, everyone is truly part of the solution.

We also need to really address and develop a real immigration policy. Illegal immigration is a huge suck on the economy that is unnecessary.

So, where is everyone right now who should be handling this issue? Well, President Obama is at Camp David and Congress is on summer break. Awesome. Here’s an idea – how about you all come back to work, check your egos at the door and do your job!

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