Next Time They Shoot To Kill

Isn’t having Obama as President awesome? Because Obama still insists on raising taxes in a slow economy, something everybody knows would never pass the House of Representatives, the United States is in danger of losing its AAA credit rating. No one can say we haven’t had an impossible to miss or misinterpret warning shot fired across our bow.

U.S. Debt Rating Placed on Review for Downgrade by Moody’s as Talks Stall

Moody’s Investors Service raised the pressure on U.S. lawmakers to increase the government’s $14.3 trillion debt limit by placing the nation’s credit rating under review for a downgrade.

The U.S., rated Aaa since 1917, was put on review for the first time since 1996 on concern the debt threshold won’t be raised in time to prevent a missed interest or principal payment on outstanding bonds and notes, even though the risk remains low, Moody’s said in a statement yesterday. The rating may be reduced to the Aa range, and there is no assurance Moody’s would restore its top rating, even if a default is quickly “cured.”

See also:
Moody’s May Downgrade U.S. Debt, If Crisis Isn’t Resolved
Moody’s: If U.S. Misses Debt Payment, Rating Could Be Cut Next Day
Moody’s moves on US credit rating
Moody’s puts debt rating on review
Moody’s downgrade threat adds to US woes
Moody’s considers downgrading U.S. credit rating
Moody’s Puts U.S. AAA Credit Rating at Risk of Downgrade
US debt crunch: A nation taken to the limit
Reports: S&P Says U.S. Rating Could Be Downgraded If It Misses Any Payments
Cost of Protecting U.S. Debt Rises on Moody’s Action

Boy oh boy, you think we have a debt problem now? Just watch what happens if our debt rating gets cut. It will immediately become more expensive to borrow money, thus compounding our already beyond serious debt woes, a self inflicted wound, like tasering ourselves in the neck. Obama needs to drop his, non starter in the House, tax increase obsession and get on with increasing the debt ceiling. You know, if Obama wanted to intentionally destroy the U.S. economy, he couldn’t be doing a better job. Is he the President or an enemy of the United States?

/if you’re ever wondering what Obama might be thinking of regarding U.S. economic policy, just ask yourself, what would Vladimir Putin do (WWVPD)?

Minnesota, We Have Shutdown

Gee, the Republican legislature, swept into power for the first time in forty years to reduce the size of government, has already passed the largest budget in Minnesota state history.

But petulant Mr. Wouldn’t Even Be Governor but for Tom Horner is obsessed with raising taxes to spend even more, so here we are.

No Talks Expected Before Tuesday for Minnesota Shutdown

Minnesota lawmakers are back in their districts. Some are facing voters for the first time since the government shutdown. That reception may go a long way in determining how long the shutdown will last.

. . .

Reporter: “Do you feel like you went back on a campaign promise of some kind to not shut down government?”

Dayton: “Unfortunately, the two parts of that promise came into conflict with each other because I felt it was ultimately more important to raise the revenue necessary to meet a fair, middle compromise position”

Dayton says a deal fell apart when republicans sought agreement on social policies like abortion.

Kurt Zellers – (R) Minnesota: “To say that this blew up over policy…again, to Amy ‘s point this isn’t true.”

House speaker Kurt Zellers and senate majority leader Amy Koch say the breakdown came over tax increases. They offered non-tax revenue to meet the governor’s demands–and deny they wanted a shutdown.

See also:
Minnesota government shuts down over budget impasse
Minnesota government shuts down over budget woes
Minnesota government shuts down after tax plan torpedoes budget
Minnesota government shutdown puts Tim Pawlenty in spotlight
Minnesota Dem gov fights GOP’s ‘no new tax’ stance
Minnesotans frustrated, angry over state government shutdown
Minnesotans feel pinch of government shutdowns
Minnesota budget row shuts public services
In Minnesota Shutdown, Wider Budget Conflict Comes to a Head
Minnesota shutdown: The shape of things to come?
Lori Sturdevant: Scorched earth politics
Shutdown not seen harming Minnesota’s reputation
Who’s Shutting Down Minnesota?

Despite the shutdown, life in Minnesota goes on, most people don’t even notice, and every day the shutdown continues the State saves money.

/so hang in there Republicans, this is why you were swept into power, to reduce the size of state government and hold the line on taxes, keep the shutdown going as long as it takes until Dayton caves on his tax raising obsession