A funny thing happens each August in Washington. The politicians leave and the press gets bored. It is the August silly season where stories start that sometimes snowball.Monica Lewinsky started around August. The Chandra Levy story started in August. The “does Bush vacation too much” story started around August. The Cindy Sheehan stories started around August/ When the House GOP parked itself on the floor of the House with the lights out, that too was August.These stories take on a life of their own with a bored press covering no news. So we can expect that the debt ceiling story and the credit rating will take on a life of its own. And we can already see online and in the press that the White House spin will be to blame the GOP and Tea Party.The White House no longer has a commander in chief in charge, but a professional victim. Last week, it was the Arab Spring, those damn Europeans, Mother Nature, etc. Now it is all about those evil tea partiers.For three years, Barack Obama has blamed George W. Bush for all his ills. Yes, it is true, Barack Obama inherited an economy sliding backward. But it is also true Barack Obama inherited a AAA credit rating from George W. Bush. Obama’s policies have exacerbated a bad economy and caused us to lose our credit rating. But still, expect a full court press to blame the GOP and Tea Party. So I have some quick advice for the GOP.
Back when S&P said it was considering a down grade, it set out two criteria to avoid losing the downgrade: (1) at least $4 trillion in cuts and (2) bipartisan support. Only the tea party movement came up with such a plan — Cut, Cap, and Balance.It received bipartisan support in the House, came within five votes of a majority in the Senate, and not only cut $4 trillion, but put caps on future government spending and balanced the federal budget. No other plan, including the public grand bargain and Barack Obama’s own super-double-top-secret plan that no one has ever seen did that.Were I in Republican Leadership in Washington, I would haul my butt back to D.C. right now and start fighting again for Cut, Cap, and Balance. 66% of Americans support the plan. It is the only plan that would have avoided a credit decline. Go back and pick up the fight on the front lines for freedom. And if they just can’t, they they better point out to the new Super Committee that it was, in fact, possible to cut $4 trillion without enacting job killing tax increases and encourage them to send back as its package Cut, Cap, and Balance.