THE SHOT HEARD 'ROUND THE WORLD:S&P Downgrades U.S. Triple-A Credit Rating. Blame BOTH Parties Equally...

Friday night's downgrade means higher interest rates, international embarrassment and diminishment of global standing, and Lord only knows what else. Gee, thanks democrat party and republic partisans!

As documented in this space in the past few weeks, S&P made it very clear to these slimeball politicians what they needed to accomplish in the debt ceiling bill in order to protect the federal government's AAA bond rating (the top rating, which the U.S. has never lost before).

Simply put: They needed to pass a bill that included a minimum of $4 trillion in cuts to deficit spending over 10 years. The bill that these scuzwad politicians on both sides passed -- and which the clueless so-called "leader" Obama signed -- fell well short of that number. So did all of the various other bills that both parties lobbed about during that time period.

In short, don't blame gridlock, the tea party or the loony left. Because neither party proposed any bill that would have cut the amount of deficit spending that S&P was calling for. Instead, both parties simply paid no attention to S&P.

As further commented in this space recently: Given such a monumental failure and these parties completely ignoring what S&P was telling them, why in the hell would you ever vote for either of these two parties again? I won't be. As usual, I'm going third party until the damn cows come home.

And where now are all of the partisan hacks on the right and left who said -- after the debt ceiling bill passed -- that such a downgrade would not happen anytime soon? (Actually, I know where they are tonight: Coming up with bullshit spin and propaganda on how to blame the other side for the downgrade).

You see, when I predict how things are probably going to go, based upon everything that I've read and seen, the funny thing is that I usually turn out to be right. Too bad few ever listen to me or the few other reasonable non-partisan voices out there.

http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_print.html