tag:blogger.com,1999:blog-12703782.post4704068006619093141..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: Kass Calls Out Obots For Blaming Downgrade On Tea PartyGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12703782.post-83516306211501624312011-08-11T14:51:00.638-05:002011-08-11T14:51:00.638-05:00Maybe Kass should read what S&P said?
From pa...Maybe Kass should read what S&P said?<br /><br />From page 3 of their report: "The political brinksmanship of recent months highlights what we see as<br />America's governance and policymaking becoming less stable, less effective,<br />and less predictable than what we previously believed. <b>The statutory debt ceiling and the threat of default have become political bargaining chips in<br />the debate over fiscal policy</b>"<br /><br />http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldata&blobtable=MungoBlobs&blobheadervalue2=inline%3B+filename%3DUS_Downgraded_AA%2B.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1243942957443&blobheadervalue3=UTF-8<br /><br />Any guess who made the debt ceiling a bargaining chip. You know, the pro forma vote which was passed 18 times under Reagan without a whisper? Hint: it wasn't us. It was tea partiers.<br /><br />The inflexibility of American politics is due to the intransigence of the Limabugh faction of the GOP, which refuses to acknowledge Keynes knew what he was talking about, refuses to acknowledge that austerity has led to economic ruin in Greece, Spain, Britain, and in 1929-1932 US. <br /><br />Taking money OUT of the economy at the time of a demand slump is just stupid, yet it's what the Tea Partiers demanded.<br /><br />When you add the fact that they were renegotiating spending on money they already authorized by passing a 2010-2011 fiscal budget on 4/15/11, the whole thing deserves its own entry in Barbara Tuchmann's old book "The March of Folly."<br /><br />So, no deference to Matt, but Kass seems to understand claiming his opponents are weak a helluva lot more than he understands economics, policy, or history (or the S&P debt downgrade report)timbhttps://www.blogger.com/profile/11840503196010960235noreply@blogger.com