Dear Readers: A press release has been issued that I want to share with the SOCAL TAX REVOLT COALITION – SAN DIEGO TEA PARTY PATRIOTS:
Today, the San Diego Tea Party organization, the Southern California Tax Revolt Coalition (SCTRC), has formally released the following statement regarding the downgrade of the credit rating of the Unites States of America to AA+ by Standard and Poor’s (S&P):
No one here in San Diego, across the country, or elsewhere in the world, who has been closely following the news, is surprised that S&P downgraded this nation’s credit rating from AAA to AA+. The simple, bitter truth is that the United States of America spends money it doesn’t have. And S&P formally stated what the taxpayers of this nation have been saying loudly these past three years — .you can’t spend us back to solvency.
The Tea Party was started in 2009 out of the growing frustration that our representatives in Washington DC were more interested in reelection instead of representation. The Republican Party had abandoned it’s fiscally conservative roots, approving more entitlement programs and agreeing to continue baseline budgeting that automatically increases spending levels. The Democrats, especially when they gained control of both Houses in 2007, dramatically escalated spending while rewarding their base constituencies. President Obama has seen fit to promote his vision of wealth distribution as he demonizes this country’s wealth producers and uses his regulatory agencies to harm our businesses. All of them stopped representing the average tax paying American. TARP, Stimulus, Cash-for-Clunkers, and Obamacare are prime examples of bi-partisan betrayal that set America firmly on the road to fiscal disaster.
This week’s bi-partisan Debt Ceiling deal was a bitter reminder that establishment GOP have learned nothing from the Tea Party uprising and the demands of the taxpayers for a more responsible government. It also shows that the Democratic Party will resort to vigorous hyperbole, fear-mongering rhetoric, and crass class-warfare tactics to undermine any call for serious entitlement reform. We applaud those who voted against the measure (including local representatives Duncan Hunter and Bob Filner), and we are ashamed of those who supported supposed ‘spending cuts’ that amounted to less than a day of Washington’s spending.
So, thank you, President Obama. Thank you Harry Reid. Thank you, John Boehner. And an extra thank you to Congressman Issa, Congressman Bilbray, Senator Boxer & Senator Feinstein. Thank you bureaucrats. Thank you for contributing to this national humiliation, for making everything more cost more, for condemning us to more expensive debt and for guaranteeing that it will take well beyond any of our lifetimes to dig out of this debt black-hole we are in as a nation.
America spends too much. This needs to change, and quickly, for the sake of its hard-working citizens.
Sarah Bond, SCTRC CEO, offers this statement: It’s time for real spending cuts. Time for “shared responsibility” to mean something more than tax hikes for everyone. Time for redundant regulation to be slashed so that the businesses of this once great nation can roar back to life. It’s time for the rule of law to mean something. And time for government to STOP bailing out every bank, home owner, and union dominated industry that fails. Capitalism is self-correcting and will reward our entire economy if we believe in and encourage it’s time-tested principles.
Dawn Wildman, SCTRC President, offers this statement: ““This event was clearly foreseeable and we were warned. It was up to Congress to make the tough choices to keep the US still at an AAA rating. They chose to bunt, so now we will all pay because Congress and the President have an addiction to spending. All we ever wanted to was to see a few heroes in Congress who could say enough is enough let’s get our fiscal house in order. Now, Americans will pay for yet another mistake by a comatose Congress and Administration. The focus of the Tea Party in 2012 will be getting more like-minded citizens into elected office who are willing to make the needed fixes”.
Leslie Eastman, SCTRC Media Director, offers this statement: “Republican and Democrat establishment politicians, and their elite media supporters, own the downgrade. They fought Tea Party representatives at every turn, while using derogatory terms such as “terrorists” and “hobbits”. They were the ones who forced a deal which was insufficient, essentially kicking the can of fiscal responsibility down the road and off the cliff. The downgrade shows that the best course of action is the one set by the Tea Party – drastically changing our spending habits. Apparently, China (our main creditor), also agrees and has gone “Tea Party” (hat-tip, Instapundit).
“Additionally, I hold the media minions of the elite politicians responsible. For example, they fiddled over Palin’s emails while our economy burned (MUT NOTE: Palin’s policies earned her state the AAA rating — read any coverage of that?). The Fourth Estate abrogated its First Amendment responsibilities by failing to report the significance of the Debt Ceiling until we were fast encroaching on the supposed deadline; we in the Tea Party were discussing this issue in depth immediately after the election in 2010. The tone of many pundits was an amalgam of snide condescension and elite derision whenever they interviewed a representative with Tea Party–based objectives. And the elite media promulgated the atmosphere of fear and panic, so that no reasoned discourse was aired.
“One of the most galling aspects related to recent events is that President Obama had the temerity to imply that average Americans didn’t understand what the Debt Ceiling was. Apparently, we knew better than he. I hope he can learn a lesson from President Bill Clinton, who managed to work in a truly bipartisan manner for welfare reform that helped enhance the American economy. Given Obama’score on this matter, I am doubtful.
“I also hope he has some plans to address the five likely consequences of this downgrade: US debt service costs will rise, interest rates for individuals and businesses will go up, increased costs associated with these rises will shaveat least1% off of GDP, the stock markets drop dramatically because of the slowing economy, and, and the increasing interest rates will cost America thousands upon thousands jobs. Here is a hint I will give him freely: The solution will not be found on a golf course.”
To Check out what other San Diego Tea Party Pundits are saying about the downgrade, check out THE SLOBS: SAN-DIEGO LOCAL ORDER OF BLOGGERS. (MUT request – If you use Facebook, please “like” us on the right menu!). Here are some headlines:
* Left Coast Rebel: S&P Credit Rating: It Could Get Worse
* Charles Caesar: Super Congress or Freedom Kryptonite?
Lorraine Yapps Cohen: Tea Party = Taxpayers; Tea Party Means Taxpayers, Not GOP or Anything Else
UPDATE: This is OUTSTANDING! Thank you, Tammy Bruce, for this retweet!