Standard and Poors Downgrade and the Need to Further Reign in Spending...
by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny The debt ceiling/deficit reduction debate/crises is concluded. The result? Our nation avoided defaulting on its obligations. A good thing. That and the Congress & President now have the green light to spend a couple trillion plus more over the next year and a half. Not a good thing. Of course the special "super commission" is supposed to come up with an additional trillion and a half in spending cuts. Cuts both the Congress and the President will have to approve or the triggers dems fear will kick in and automatic spending cuts will occur. That's the plan at this point anyway. We'll see. The forthcoming debate over how to handle the details of "the deal" will be every bit as rancorous as the debt ceiling/deficit reduction debate just concluded. Such is American politics. We can all be relatively certain given recent history that the American peo...