The Full Faith and Credit
That is a term being bandied about of late. It addresses the credit worthiness of the United States Government. The media and politicians wailed about the government defaulting and losing its credit worthiness. Poppycock!
The Federals (and states, towns and cities) have no credit worthiness. The credit worthiness depends on the nations workers. Through my life we had some snags in our credit worthiness. Those are mostly called bubbles where we screw up and then right the ship — stagflation, dot-com, and housing of late. But it splatters across our history. It really points out when you, I or the place we work is having difficulty then the nation suffers. It doesn’t/can’t suffer because of our politicians because they aren’t part of this nations credit worthiness. There would certainly have been repercussions if we had defaulted but those would have been transient, knee-jerk reactions .
I got a big laugh when the media went on about “The adults are taking over…” and wondered if they were observing the same village idiots that I saw mouthing inaccurate views of the problems. All blame end up heaped on those tea party radicals.
The White House riled against the reluctance of the House of Representatives in following its leadership. This from a man who taught constitutional law. Grade schoolers understand the separation of powers better than the President. Most even understand why the founders tried to make spending a difficult and contentious operation. Maybe it is time to send those in the capitol back to grade school.
The discussion now revolves about who “won” in this mess. It will take an election to resolve the political side of that. But, it is damn sure the American people lost and that is our own damn fault for electing idiots. But then, who but idiots would want to be part of the way our government goes about its business? That seems to be the part our founders screwed up.