Mama Bin Cranky

Screaming on the Inside

Tea Party Downgrade

Posted by madjillmom on August 9, 2011

The Democrat’s new mantra is that the Tea Party is responsible for the S & P downgrade.  The downgrade was issued because the rate of spending at all levels of government exceeds the rate of growth in the economy. If the Tea Party Caucus had gotten what they wanted, a downgrade would have been much less likely.  The Tea Party Caucus wanted more real cuts in spending, less of a credit extension, and no new taxes.

What would have happened if the President had gotten his first (of ever-changing) wishes – a clean debt ceiling vote?  That would have been a definite downgrade because there would have been no cuts (even the phantom ones that are a part of anything out of DC).  Then Obama wanted a big deal or the so-called balance approach.  There might have been a few more cuts, but Obama wanted  1.2 new taxes for every 1.6 in cuts.  Any taxes would rock the anemic recovery so there would  be a downgrade based on another recession.

Please remember, because there are not supposed to be earmarks in bills anymore, the traditional way to get important legislation through the House and Senate is not available anymore.  Another good thing that doesn’t run up expenses.  However, this makes it much harder to pass legislation.

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