It will go up here at BizzyBlog on Friday (I’ll add the link when it goes live) after the blackout expires.
The theme is that the left’s orchestrated notion that the Standard and Poor’s U.S. debt rating downgrade is somehow the fault of Tea Party patriots (i.e., “The Tea Party Downgrade”) cannot be allowed to stand. Rick Santelli’s passionate defense earlier in the week was a good start.
South Carolina Senator Jim DeMint pushed back on Monday on Sean Hannity’s TV show, where Mark Steyn was guest-hosting (bolds are mine):
It seems, Mark, that everyone who disagrees with the president is a member of the Tea Party now. But you know and you’ve been predicting these kinds of things for years. Over 70 percent of Americans think we need to balance our budget. That’s no small Tea Party group. That is a lot of common sense Americans who understand that we can’t keep spending more than we are bringing in.
So, this is a bipartisan problem. But the solution that they came up with has made the problem even worse. It locks us in to another seven to $10 trillion in debt. And there’s not enough credit in the whole world for us to borrow that much money. So, we are looking sometime over the next few months, or maybe few years, if we’re lucky, we are going to come to the point where there is a real debt limit. Where we can’t borrow any more money and that is going to be a serious time.
So, we are talking about serious things right now. And the president is trying to point fingers everywhere he can look and say that’s a Tea Party guy behind that bush. I think this is really pitiful.
… The only way to solve this is to get control of the spending. And we had several plans in Congress to do this. One was “Cut, Cap and Balance.” I mean, we passed a budget or at least all the Republicans voted on it in the Senate that would have balanced our budget over 10 years. That’s what the market needs to see.
It’s what S&P didn’t see, which is why the downgrade occurred.
Related: Over at the PJ Tatler, Bryan Preston ties the “Tea Party Downgrade” slander to Rasmussen’s “consent of the governed” poll result (i.e., that “just 17% of Likely U.S. Voters think the federal government today has the consent of the governed”) —
The literally unbelievable attempt to pin the downgrade on the Tea Party that rose up to prevent it is just the latest sign of contempt that some in power have for the rest of us, and that contempt is more and more a two way street.