Put Up or Shut Up
by: Joe Hagstrom It struck me as not just ironic but hilarious that the same outfit that downgraded U.S. Government debt thinks it needs to downgrade state and local governments credit because they won't be getting enough borrowed money from Uncle Sam. The fact is we're all on the government teat to some degree or another. Screaming about government debt and then complaining because our states or municipalities don't get enough help from the Feds is hypocritical and disingenuous. Quite frankly, anyone who complains about debt without the willingness to sacrifice their own goodies, whether it be an interest tax deduction on a home mortgage, or the closure of a military base or reduction of airplane orders. Or a grant to help pay for an exhibit at the local museum. Whatever, you need to shut the hell up. Editor's Note: Joe is a left leaning blogger who maintains a rational perspective. He brings to the table a realistic view that is more often than not worth con...