The fundamental change is happening. We are in trouble. But the biggest trouble we are in is more than half the elected class, all the way to the top, refuse to recognize they have a problem … an addiction that they refuse to even begin to tackle. And it’s not because they don’t believe they have an addiction problem. It’s because they arrogantly intend to increase the addiction, and they always have.
The credit rating of the United States government — for the first time in American history — has been cut.
Lost in the headlines generated by Obama press conferences, Reuters reported that the credit rating agency Egan-Jones has in fact become the first rating agency to downgrade the U.S. rating. Egan-Jones, says Reuters:
..has cut the United States’ top credit ranking, citing concerns over the country’s high debt load and the difficulty the government faces in significantly reducing spending.
And what else is being reported about Egan-Jones’ reasoning for doing this?
The agency said the action, which cut U.S. sovereign debt to the second-highest rating, was not based on fears over the country not raising its debt ceiling.
Instead, the cut is due the U.S. debt load standing at more than 100 percent of its gross domestic product. This compares with Canada, for example, which has a debt-to-GDP ratio of 35 percent, Egan-Jones said in a report sent on Saturday.
This is serious. It’s no longer about cutting up the government credit cards. It’s about the Left as financial crack addicts. What John Boehner is doing — one hopes — is not negotiating but performing what drug and alcohol counselors refer to as an “intervention.”
And as with a lot of addicts, the Addict-in-Chief is, reports the Washington Post, “visibly angry.”
Jennifer Rubin is reporting on what Speaker John Boehner has said to his caucus about all of this:
The White House has never gotten serious about tackling the serious issues our nation faces — not without tax hikes — and I don’t think they ever will. The path forward, I believe, is that we pull together as a team behind a new measure that has a shot at getting to the president’s desk. It’s won’t be Cut, Cap & Balance as we passed it, but it should be a package that reflects the principles of Cut, Cap & Balance. We’re committed to working with you — and with our Republican colleagues in the Senate — to get it done. No one is willing to default on the full faith and credit of the United States.
And I think the leaders in both parties and both houses of Congress already agree that we need significant reductions. But if we stick together, I think we can win this for the American people .?.?. because I do think there is a path. But it’s gonna require us to stand together as a team. It’s gonna require some of you to make some sacrifices. If we stand together as a team, our leverage is maximized, and they have to deal with us. If we’re divided, our leverage gets minimized.
Before I close, let me thank all of you for your patience, and for your confidence, and for your commitment to our country. We’re doing the right thing, and you all know that the right thing isn’t always the easiest thing to do.
Boehner mentions, ” It’s gonna require some of you to make some sacrifices.”
You’ll note he’s not aiming that at the American people, as Obama has repeatedly with his “shared sacrifice” mantra. Boehner knows the junkies are in the government, and he knows it can only be tackled through recognizing there is a major problem and going into rehab … before our nation ends up like poor Amy Winehouse. “No, no, no!” What a waste… Majority Whip Kevin McCarthy (R-Calif.) sums up the tough-love intervention needed:
“You see the battle the speaker is in. The president is throwing a fit because he’s worried about the election. He doesn’t want cuts, he wants increases. He lost his cool the other night because he knows he won’t get what he wants if we remain united.”
HT: Reader (and my friend) BK