Debt issues are still very real

U.S. debt is a real existential problem.  This doesn't even necessarily go away with a Trump win in 2024; America needs a Red Wave and it has to include fiscal conservatives:

America's debt crisis explained

Yesterday I posted a video explaining Japan's debt.  Today, a senior fellow from CATO takes a look at America's debt.

Here's the way forward - step one

Image via varight.com

With a downgrade of the nation's credit rating, the reverberations are being felt around the world.  Israel's stock market nosedived, China is saying the world will abandon the dollar, and all eyes are turning to the Asian markets for Monday morning to see how bad the bleeding is going to be.  Standard and Poors says there's a 1 in 3 chance another downgrade will occur in the next 2 years from AA+ to AA.  In light of that frenzied panic, and/or coming panic for some, certain things are going to have to happen at this potential inflection point in American history.

Hey Democrats, how about 'no'?

They didn't like the budget, they didn't like the Cut Cap and Balance legislation and they don't like the latest Boehner proposal.  Now they finally have their own proposal and if it doesn't pass, they're going to blame Republicans.  They've already today (both Reid and Schumer) once again tried to paint the GOP as beholden to Tea Party extremists.  So what's the incentive for the GOP to cave?  There isn't any.  And with the GOP having been shot down numerous times, for the Democrats to come forward with a single proposal and expect the GOP to cave is unfair, and likely (hopefully) unrealistic.

So GOP, when Democrats in the Senate come calling with their own plan that is no doubt going to be full of holes, schemes and tax increases, there's only one answer that will work:

Hey Democrats, how about 'no'?