Our government whines, cries and acts with dismay over the S&P credit downgrade which almost everyone else saw coming. They have been lying about a recovery that never took place and hiding the real unemployment as the number of Food Stamps recipients climbed as of May to 45.5 million. As a distraction their conversation has been about the mote in Europe’s eye while failing to identify the beam in ours.
The question is: Is S&P wrong with the new AA+ credit rating on the US?
The answer is yes the US credit is still way over rated and should be even lower.
What would your credit rating be if what you owed to some people was seven times what you earn in a year?
What would your credit rating be if what you have promised to pay everyone you owe was more than fifty times what you earn in a year?
What would your credit rating be if you were to say that unless you are given more credit you could not pay your debt and would default on it?
That my friends is the United States of America.
There will be many crying “not fair” and whining about S&P but it is about time someone issues a strong warning and made aware those who are still asleep of where we are heading.
We should not blame S&P for the consequences of this mild downgrade. We should not be apologetic to a government that conducts its business and makes decisions against the will and the best interest of its people. The blame should go to the selfish perpetrators who sold us out and managed to ruin our nation and way of life.