"The problem with these downgrades is that they have a tendency to quickly spiral out of control."
- John Lott, Fox News
Yes, I know...I haven't blogged in a while. In the past eight months I had a baby, my husband left his job, he took a few months off, and recently started a new one. Life has been crazy; however, I am planning on slowly working my way back into my conservative blog. And with my older kiddos out with their aunt and uncle tonight, I wanted to post something about the recent S&P downgrade of American debt.
This article speaks to the serious nature of this recent development. It's a quick read and will give you some thought as to what may lie ahead for this country. It's serious. And in the words of Mr. Lott: "S&P's decision to downgrade the U.S. bond rating isn't a real disaster yet, but it is a wake up call. And it's one that should force Washington's politicians to re-examine the debt ceiling deal that they just made."
I was really disappointed with the recent debt ceiling deal. It's not enough. Nobody will touch entitlement programs and that's the meat and potatoes of our country's problems. I want someone with guts to get in there and get it done. Which speaks to my thoughts about the 2012 election. I'm not sure which Republican can take this on....that has yet to be seen, but I'm waiting to be impressed.
Our President continues to show his hand of inexperience. Words and speeches will not solve our economic and debt problems. Jobs are the core. Businesses need to have a better outlook to hire. They need certainty in the marketplace. Until there are jobs, we will continue on this path.
Read the full article here. Obama promised change, but it's not the kind of change that has brought America back to prosperity. Things could get ugly unless REAL positive change happens NOW.
Source: Fox News Opinion, 08/05/2011
