Si modo
Diamond Member
"leading factor"?So here's what everyone knows and what business owners have always known.
If you are working through a debt problem, you need to do two things if at all possible: Cut spending and raise revenues (Yes, that's what you call raising taxes - gasp!).
The Dems have been willing to cut some spending that will make little or no difference in our debt.
The Republicans have been willing to cut some spending that will make little or no difference in our debt.
The GOP has presented a plan that is worthless.
The Dems have presented no plan at all.
Both sides just passed a defense budget that increases spending in the one area where we really had a lot of room to move.
So BOTH sides are full of sh*t, when it comes to reducing spending in any real way.
But S&P did make it clear that while both sides are willing to do almost nothing about spending, the GOP refusal to INCREASE TAXES, was the leading factor in their downgrade. Oh well, crap. I'm sure the Right will find a way to spin this back on Obama. The president sucks. No doubt about it. But this one isn't his alone or even his primarily.
No one likes taxes. I've never lived in a country where people said "Hooray for taxes!". But they are how a government gets its money. Yes there is waste and yes we can all stomp our little feeties over the waste. Boo hoo. For now, BOTH sides need to man up and do things they don't like.
Nope.