Although I agree with this general assessment and spirit of the sentiment, an objective observer must concede the disruptive nature of TPM and GOP conservative extremists. Moderate republicans and democrats are for the most part willing to compromise and take the necessary steps to address the Nation’s economic issues. Democrats have exhibited a willingness to allow cuts and reform in social programs and entitlements; the TPM and conservative republicans alone have refused to budge on the issue of tax increases, which you yourself acknowledge as necessary for substantive debt reduction. The refusal on the part of the TPM and conservatives in Congress to even consider tax increases places the bulk of the blame on both.This back and forth blame game over the credit rating downgrade is just ridiculous. Democrats and Republicans in Congress, Nixon, Ford, Carter, Reagan, Bush, Clinton, Bush and Obama are all to blame. All Washington did was play the same "kick the can" bullshit that got us into this mess and now they point fingers at each other. Entitlements have to be reformed, revenue has to increase, tax loopholes need to be closed and everyone in DC knows this. But no one has the guts to take on their own side and fix it.
This board reflects the stupidity that takes place in Washington. The dozens of tit for tat threads are pointless. If we would have defaulted our credit rating would have been downgraded by everyone and the economy would sink even further. If we don't reform SS and Medicare we will sink even further. None of our political leaders are willing to do the hard work, they all just want to get reelected. I'm disgusted by the weakness of our "leaders" to fail to put America before Republican Party, Democratic Party or reelection.
This amateurish, maniacal obsession with the myth of ‘run-away government spending’ on the part of the TPM and conservative republicans and their consequent refusal to raise taxes was a significant factor in the decision to downgrade the debt.
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