Black cloud...silver lining

Today the bond rating service Standard & Poor's changed its forecast on the United States Government's ability to pay it's future debts from "stable" to "LOOKOUT!", and the stock markets tanked at the news. That ain't nothing compared to what would happen if S&P had actually lowered the gubment's bond rating a notch or two. The sidewalks would be littered with jumpers.

Bad news, right? NO! Great news! Would you want to be a congressman or a Senator, or even worse, the President, when our financial house of cards finally collapses? Didn't think so. Now maybe....just maybe....our elected crooks in Washington will face reality and start standing up to the special interests who collectively get as much as a TRILLION dollars a year in tax breaks (depending on which gubment accountant is cooking the books this month).

Yeah, I know....homeowners over time will see their home mortgage interest deduction disappear, but TS. They stopped allowing us to write off our automobile financing interest years ago and the world didn't explode, so why should it now?

If we can cut spending AND start collecting all the moolah we've been leaving on the table for years, we should be able to actually make a dent in our national debt. Then maybe Standard and Poor's will smile at us again.

Aww, screw Standard and Poor's. It's just the right thing to do.

S