It’s messages like this one that foment my anger toward politicians. Senator Tea Party didn’t support realistic debt ceiling plans by his Republican colleagues or President Obama and in subsequent tweets said we should privatize Fannie Mae and Freddie Mac after complaining about a failed liberal spending experiment.
Facts are, of course, not on his side. President Obama has created significantly less new spending than President Bush and privatization hasn’t worked in the past. We are now also aware that the downgrade occurred specifically because he and his Tea Party colleagues were unwilling to work with others. He also said we must pass Cut, Cap and Balance because it would have prevented a downgrade and would help us in the future, despite the fact that, again, the S&P said that’s a bad idea.
Raising taxes as part of a solution is naturally off the table, because that’s a job killer. I’d like some evidence that lower taxes encourage the wealthy to create jobs. I’ve never seen any.
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