When the tea party movement erupted onto the scene in 2009 and gained momentum resulting in the huge wave election of 2010 the main message was simple, federal spending is out of control, and we must enforce our constitution’s requirement of a limited federal government adhering to the enumerated powers of Article 1 Section 8. The tea party believed as Madison stated, “The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous
On August 5th, 2011 the Standard and Poor credit rating agency downgraded the credit rating of the USA citing the inability of the federal government to cut at a minimum $4 trillion dollars over the next ten years and begin to reverse the unsustainable course that Obama, Geithner, and the Democrat led congress have charted for our nation.
What is the Democrat response? In both cases they have applied the Alinsky technique of isolate and discredit. The vitriolic attacks calling tea party americans absolutist, extremist, and radical were predictable, but for the first time in our history the U.S. Department of the Treasury has chastised a major credit rating agency and went on to attack the integrity of the agency. Administration officials have privately grumbled that the rating agency’s understanding of the U.S. political system was unsophisticated, a claim which is commonly used to discredit the tea party movement.
It is important to note that neither the tea party movement nor the S & P are calling on the federal government to raise taxes, a move which is ill-advised given the current weakness of our economy. Yet the Democrats insist that in order to sustain the unsustainable behemoth that is our federal government, it is imperative that the Budget Control Act’s Super Committee’s proposal must include tax increases. Harry Reid, when asked to react to the downgrade, parroted Obama’s Budget Control Act rose garden statement ,”The action by S&P reaffirms the need for a balanced approach to deficit reduction that combines spending cuts with revenue-raising measures like closing taxpayer-funded giveaways to billionaires, oil companies and corporate jet owners.”
Unsustainable; what does it mean? Of course by definition it simply means not sustainable, but we are now seeing the relationship between unsustainable fiscal policy the direct affect it has on the health of the host economy. Like any parasitical attack, the early symptoms are weakness, illness, and an overall loss of stature.However defined, it is a word we have heard increasingly since the historic election of Barack Obama. Whether it be Medicare, Social Security, or the federal budget as a whole the legacy of this administration can be summed up in one word “Unsustainable”.