The Debt Deal- no winner!

A commentator from TIME prognosticated just the other day on the effect of the Congressional Debt Deal on various groups in the public at large. The military, obviously, he deemed a loser under the deal. As our government is increasingly entangling our military in dangerous foreign wars, like Iraq and Afghanistan, and "non-wars" such as Libya, liberal ideologues are waging their own war on the military. Liberals cling with fanatical devotion to the principle that if you disarm yourself, no one will ever hurt or attack you. To achieve that enlightened end, the military must be reduced, if the hate-filled, blood-lusting conservatives cannot be convinced to eliminate it altogether. So, military cuts are the one part of the debt deal you can expect to see enacted.

Another group, on the other hand, was declared a winner- Wall Street. Wall Street seems not to have bought the argument that the debt deal was good for America, however. Since the outline of the debt deal became clear, and after it was enacted, Wall Street has been diving. The Dow Jones Industrial dropped over 512 points just today, the worst drop since December, 2008, and part of a streak of losses not seen since Jimmy Carter was President. Jimmy Carter was, like our Mr. Obama, presumably well-intentioned but simply out of his depth in the Presidency.

The media, mostly staffed by "Jimmy" Obama's chorus, refuses to talk about or even mention the possibility that the plunge of the Dow is related to the debt deal. You will read about rattled nerves or confusion in the market, but not the debt deal. The truth, though, is that Wall Street issued warnings about the debt deal during the negotiations. Remember all those statements by Standard & Poor about the credit rating? They did not say "spend more money," they said the Feds needed to reduce debt by at least $4 Trillion Dollars. That didn't happen. Instead, we got a debt increase that immediately threw us over the 100% Debt to GDP ratio, meaning that thanks to the moderates and liberals, our government now owes more money than we could pay in one year at 100 percent taxation.

This is just what the Tea Party said would happen, and they are still being bashed for holding the government hostage from the tax, borrow, print and spend crowd, those legislators who apparently do not believe money ever has to be paid back. Everybody got into the act- Republican Senator McCain infamously called the Tea Party "hobbits." McCain apparently never saw the movie or read the Lord of the Rings books or he would know that the hobbits were the real heroes in the story. Only the hobbits had enough character to carry the dangerous One Ring of the "Lord of Doom" into the heart of enemy territory to destroy it. McCain has proven he's no hobbit.

While Republicans like O'Connell and Boehner have nearly worn themselves out waving the white flag of surrender to liberals, one can only hope the Tea Party legislators will remember their roots. Wall Street is already showing us how dangerous the liberal spending binge is to our economy.