Archive

Posts Tagged ‘credit downgrade’

We need to get serious about our fiscal situation

August 9, 2011 Leave a comment

While President Downgrade and a do-nothing Democratic leadership in Congress sit around calling fellow Americans terrorists for wanting lower taxes and lower government spending, some people are actually stepping up to the plate, and being brave about what needs to be done:

…[W]e need to get serious about our deficit. No more accounting gimmicks. No more cuts in “out-years” that never materialize. The permanent political class in D.C. might be fooling themselves with these Enron-like accounting games, but they’re not fooling the world’s capital markets. And we don’t need any more happy talk from the White House about “investing” in solar shingles and really fast trains. The White House shouldn’t even bother floating these new spending programs. We can’t afford them. Period.

We need to stop this deficit spending, balance our budget, repeal Obamacare, cancel all unused stimulus funds, and reform our entitlement programs. We have to have an adult conversation about our spending commitments; circumstances have changed, and we must adapt.

I know none of this will be easy, but, “thick” or not, the average American outside the D.C. politico bubble knows that we no longer have a choice! We will have entitlement reform and a balanced budget; it’s just a matter of how. We can do it ourselves in a calm, methodical, and responsible manner, or we can wait for the world’s capital markets to ram it down on us.

That’s from Sarah Palin’s new Facebook post, which is well worth reading in its entirety, especially in the light of the recent S&P downgrade, and volatility in world markets.

Follow

Get every new post delivered to your Inbox.