Kicking the Canâ€¦
By: Patti Bankson
The â€œSilver Bulletâ€ failed. After all the tension and bickering, the financial compromise, the bill that Harry Reid said has brought us back from the brink of disaster, isnâ€™t making anybody happy. Including the stock market, which, as of last Tuesday, the very day the Senate voted for it, was down for the eighth straight dayâ€¦ and is predicted to continue to drop. And, although this bill was supposed to prevent a drop in our credit rating, that remains to be seen. I guess thatâ€™s part of the irony here, isnâ€™t it? After all the wrangling and bickering, one of the credit rating agencies did say that we can keep our AAA rating, but our future rating is being down-graded. The reason given is exactly the reason we should all be critical of not only the process, but the result, as well: the underlying foundation has not been changed. For all the talk of â€œkicking the can down the roadâ€, thatâ€™s exactly whatâ€™s been done.
I know some want to believe that it was the conservativesâ€¦ the â€œcrazyâ€ Tea Party peopleâ€¦ made the process more difficult, and more drawn out than necessary. But thatâ€™s wrong. For proof of how wrong, just look in the direction of the White House and the Democrats, starting with the failure to produce a budget for 800+ days. Next, check out the presidentâ€™s â€œlittleâ€ speech announcing financial Armaggedon had been averted. Being the dyed-in-the-wool political animal he is, he used the opportunity to segue into yet another campaign speech. Sounding like a broken record, he spoke again of â€œinvestingâ€ (translated: spending) in research, infrastructure, educationâ€¦ yada, yada, yada.
One of the new billâ€™s features that is the clearest indicator of how reliable our leaders are when it comes to turning over a new fiscal leaf is what theyâ€™re calling â€œtriggersâ€. Theyâ€™re supposed to be some kind of fail-safe mechanism. The very fact that they felt the triggers were even necessary should be a huge red flag in, and of, itself. Another huge red flag should be the way so many of them (on both sides) started stuttering whenever a Balanced Budget Amendment to the Constitution was mentioned. Why are they so afraid of being expected to balance the nationâ€™s budget? Oh, yeahâ€¦ thatâ€™s rightâ€¦ they might have to actually produce a budget in order to have something to balance. Forty-nine of the fifty states are constitutionally required to balance their budgets â€¦ if itâ€™s good enough for the parts, why isnâ€™t it good enough for the whole?
So many questions remainâ€¦ unanswered. And it doesnâ€™t sound like we can expect any answers, or changes, for that matter, any time soon. In fact, it looks like the Capitol Hill denizens feel theyâ€™ve done enough work to merit a summer vacation. Maybe thatâ€™s a good thing. Maybe if they get an earful from their constituents (us) while theyâ€™re at home, theyâ€™ll start to get itâ€¦ theyâ€™ll come back to work and actually do the work we want them to doâ€¦ no more quick fixes, sloppy governance or accounting. And, no more putting ideology ahead of American people, by anybody, on either side. Period.
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Â© 2011 Patti Bankson
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