Who’s Fault Is It? – MarketTicker Forums

If you want things to improve in this country in terms of the federal gov’t WE the people need to quit voting these idiots back into office.

 

Let’s start with who’s fault it is not: S&P.

To recap:

S&P warned early in the year that there was a risk of a downgrade.

S&P, when the debate was entered in May, said that they needed to see $4 trillion in actual deficit reduction and that this was a “down payment” on the problem, not the entire solution (they’re right, incidentally.)

S&P then re-iterated the warning when the debate got contentious.

That’s (at least) three separate warnings that were intentionally ignored.  S&P was not ambiguous nor did they blindside anyone.  They told the government exactly what they needed to see and when in order to avoid the downgrade.  They’re blameless.

So who’s to blame?

CONgress, for it’s willing refusal to either clearly state that it didn’t care if the downgrade happened or complying with S&Ps demands. Pick one.  When you have a firm saying “do X or we do Y”, and that’s a legal act, you either do X or you expect Y.  It is the height of arrogance to try to shine someone on like this – yet Congress did – on both sides of the Aisle.

President Obama, for his belief that he could simply bully an independent business into not doing a lawful thing.  Again, he is a President, not a King.  Go back to Chicago Obama where you belong, and where “kneecap politics” are the way of the world.  Illinois deserves you.

We the people, for our refusal to accept that we cannot have services from our government we refuse to pay for in the present tense.  This is a fact, whether we like it or not. 

via Who’s Fault Is It? – MarketTicker Forums.