Monday, August 8, 2011

Lots of hand wringing, but no calls for action

Fox news and the WSJ have been wringing their hands over the debt down grade from AAA to AA+. Lots of unhappy talk about who is to blame, how bad or not bad it will be. No calls to do something about it. Let's get the economy growing again, that will put people back to work, paying taxes rather than collecting unemployment, companies making money, that's what will fix the debt crises.
If half the hot air devoted to finger pointing and post morteming would go into advocating fixes we would be home free.
By the way, it ain't the Tea Party's fault. We have been spending more than we take in taxes for a long time, digging a deep hole. The Tea Party understands the first rule of holes. When you are in a hole, stop digging.

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