Sarah Palin notes that the downgrade of US debt is not unexpected. If anything, there has been warning after warning after warning, and she has written in the past that this was coming.
She wrote back in December of 2010:
“If the European debt crisis teaches us anything, it’s that tomorrow always comes. Sooner or later, the markets will expect us to settle the bill for the enormous Obama-Pelosi-Reid spending binge. We’ve already been warned by the credit ratings agency Moody’s that unless we get serious about reducing our deficit, we may face a downgrade of our credit rating.” And again in January, in response to President Obama’s State of the Union address I wrote: “With credit ratings agency Moody’s warning us that the federal government must reverse the rapid growth of national debt or face losing our triple-A rating, keep in mind that a nation doesn’t look so ‘great’ when its credit rating is in tatters.”
Palin notes that the time for getting real about the deficit is now. Before the US suffers additional downgrades.
This means real cutting.
Not phantom cuts in future years that never happen.
The time for accounting gimmicks from Washington needs to end.
Finally, Sarah warns to be wary of any fixes being promoted by Obama. That is because the fixes entail government oversight and regulation which are strangling the country.
If we want to reduce the deficit through economic growth, then we need to promote growth and less red tape.
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