Obama’s Job “Plan” Justifies S&P’s Downgrade
The other night, the President said he was going to provide a bill to Congress called the ASOJA, the American Save Obama’s Job Act, or as the President calls it, the American Jobs Act. Morrissey has it right; it’s Porkulus II: Electric Boogaloo. It’s a nearly $450 billion rehashing of the failed Porkulus boondoggle that launched this administration’s historic increase to the national debt. Worse yet, the ASOJA is actually more expensive annually since Porkulus was originally spread out over two years, while the new “plan” is for only one year (H/T: Allah).
A little over a month ago, amidst great hand-wringing by and accusations from the Obama administration and his Democratic minions, Standard & Poors downgraded the credit rating of the federal government. Note this paragraph [emphasis mine]:
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, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.
Even after all that, the White House has demanded, and doubled-down on its demand without so much as a “by your leave”, that Congress pass his version of the ASOJA immediately and without question once Obama provides the paperwork despite the fact that this is a repeat of the complete and utter failure of Porkulus and that Obama intends on punting to the “super committee” on figuring out how to cut spending somewhere else in order to “pay” for the ASOJA.
S&P had it right.
Cross-posted at Scipio the Metalcon.
I had taken a six-month pseudo-sabbatical from posting. But about a week ago, a friend and family member, a Democrat (I could have said progressive Democrat, but that is redundant since Democratic Party politicians and supporters have succumbed to the rot that is the progressive movement) went on a name-calling rant about the Tea Party and conservatives. And as if by instinct, and without proof, this friend and family member who is a Democrat regurgitated the Democratic talking point that opposition to Obama is based on the racism of conservatives. I sloughed off the remarks as I was about to go home and was cordial when I left. But it obviously affected me. Despite what he said, I hope to remain friends; again, he is family. However, I do intend on confronting him by showing the institutional racism that exists in the policies of the Democratic Party, such as when racists in the Democratic Party decided Americans who are black are too stupid to know who to vote for; in a bit of irony, the racism towards Americans who are black in this case is coming from black Democrats. And conservatives are the racists? Puh-lease.