The U.S. was warned of a possible credit downgrade

August 10, 2011

The Obama administration, the Democrats and the mainstream media, including The Sun, got what they deserved when Standard & Poor's downgraded the U.S. government's credit rating and warned of further downgrades if more spending cuts aren't forthcoming.

The unchecked government borrowing and spending since 2009, when Mr. Obama became president and the Democrats took control of both houses of Congress, have plunged this country into a fiscal chaos that has brought the United States to the brink of default on its obligations.

No matter that four months ago S&P warned that unless there were at least $4 trillion in serious spending cuts the U.S. would face the likelihood of a credit downgrade.

And despite the calls from Republican leaders and the tea party to implement responsible spending cuts and a balanced budget, the spenders just wouldn't hear of it.

Now that President Obama and the Democrats got what they asked for, President Obama is reportedly "angry." We can only hope his and the Democrats' cavalier irresponsibility can be rectified before the fiscal path they have set for this country crosses the Rubicon of default.

J. Shawn Alcarese, Towson

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