Guess Who’s Fault The US Downgrades Is

Surprisingly, not Bush’s. But, that is sure to come soon. Instead, George Soros funded Matthew Yglesias goes with

Boehner’s Folly Leads To S&P Downgrade of US Debt

Yes, Boehner is the Villain!

I’m no expert,

we could probably stop after Matthew’s first three words

but I don’t think S&P downgrading its rating of US debt will, as such, have any really big practical implications other than becoming the next political football. If you look at S&P’s definition of the AA rating, after all, it says: “An obligation rated ‘AA’ differs from the highest-rated obligations only to a small degree. The obligor’s capacity to meet its financial commitment on the obligation is very strong.” Scared yet? Me neither.

So. No big deal

Once upon a time earlier in the Obama administration, I asked a senior official how he thought this would ever get resolved. A deal, everyone agreed, had to be bipartisan. But to be bipartisan, it would have to include tax increases. But Republicans wouldn’t vote for tax increases….

“This” being the massive spending and entitlements. And, we once again learn that “bipartisanship” means “Republicans giving Democrats what they want.” Anyhow, here we go

The person who looks bad here, in my view, is John Boehner. President Obama wanted to do a “grand bargain.” The Gang of Six Senators wanted to do a “grand bargain.” And it looked for a moment like Speaker Boehner was going to be part of a grand bargain. But ultimately he decided that he didn’t want to sign a deal that would fracture his caucus, so the grand bargain talks fell apart. And yet the little bargain that did eventually pass the House ultimately couldn’t pass with Republican votes alone. So what did Boehner really achieve? If he was ultimately destined to strike a deal with the White House that needed Democratic votes to pass the House, why not go for the grand bargain? According to Boehner “When you look at this final agreement that we came to with the white House, I got 98 percent of what I wanted. I’m pretty happy.” How happy is he now?

See? All John Boehner’s fault. Not the Senate Democrats for refusing to pass a budget for approaching 1000 days. Not Obama and the Democrats fault for shirking their Constitutionally mandated duties to protect the economy of the USA. Not their fault for spending like….is it fair to say “like drunken sailors”? I mean, sailors spend their own money, and when they’re out, head back to base/the ship. Dems just keep spending other people’s money. It’s not the fault of mostly the Democrats for continuing to create entitlement programs, as well as add to existing ones. As S&P put it (via Hot Air)

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements,….

Nope, sorry, S&P, it’s Boehner’s fault. Which means the Republican’s fault. Which, of course, means the TEA Parties fault. Who are conservatives. Who voted for Bush. Twice. So, Bush’s fault. Just beating the Moonbats to the punch.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.

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