Saturday, August 06, 2011

Downgraded: Will America get the BIG hint?

Last evening, the credit score of America was downgraded from AAA to AA+. The first time in our history.

“Aw, it’s not that bad” and “We still have the safest investments in the world” and “No big deal. Other countries have functioned with lower scores” and yet to come, “They hate us because we have a Black President”.

In my opinion, Standard and Poor's (S&P) is telling us to get our house in order. It is telling us to grow up with no more half-stepping. It is trying to gently nudge us into facing the realities of dealing with the world of today, the one without smoke and mirrors, the un-manipulated one. The one intolerant of American BS.

Standard and Poor's is telling us the “act” we are presenting on the world stage is no longer acceptable:
S&P said in its report issued late on Friday: "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilise the government's medium-term debt dynamics.
"More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges."
Read more at:
http://www.bbc.co.uk/news/world-us-canada-14428930


When many of us find ourselves in evaluating situations, we realize there are private thoughts and there are thoughts we are willing to make public via a written statement. The one written by Standard and Poor's is, in my opinion, exemplary.

Are we back to “Cut, Cap and Balance?” There is an old saying, “A hint to the wise is sufficient”. And another, “The fool and his money are soon parted”.

Fighting for the dignity of my Ancestors,
God bless Bill Gates, WPFW, C-SPAN and the spirits of the unborn for the help,
BB

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