I just listened to Rachel Maddow on MSNBC. She is a prime example of what is wrong with the two party system. She, being a Democrat, only wants to just blame the Republicans and put no fault on the Democrats. She uses half truths in order to make the points she wants to believe. Or worse, uses those half truths to make other people believe things she wants them to rather than the whole truth.
The truth is both Democrats and Republicans are to blame for the financial debt and instability. Look at a little history that people ignore. The Democrats were in majority of the Congress the last two years of President Bush. That is when the largest debt increase occurred. Yes, Bush could and should have vetoed the excess spending. This is one example of why I say both are to blame.
Here is a graphic that shows the breakdown:
http://radioviceonline.com/wp-content/uploads/2011/07/US-Debt.jpg
Now for the S&P. Many Democrats and Rachel Maddow wants to say only the Republicans are to blame. They choose to leave out this part of the S&P statement.
http://www.standardandpoors.com/ratings/articles/en/us/?assetID=1245316529563
Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions," June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in framing a consensus on fiscal policy weakens the government's ability to manage public finances and diverts attention from the debate over how to achieve more balanced and dynamic economic growth in an era of fiscal stringency and private-sector deleveraging (ibid). A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population's demographics and other age-related spending drivers closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now," June 21, 2011).
So here is my plea. It is time for Americans to quit automatically believe the information they hear from their politician or media personalities that bend the truth. Let’s all start looking to all the facts and quit allowing people to lie to us.
Labels: Politics