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Questioning the Credit Rating Debacle

Questioning the Credit Rating Debacle

1) If the problem is spending, then why hasn’t the agreement cut spending today?

Cutting 1 or 2 Trillion dollars of spending over ten years does not address immediate problems.

spending problemBut it is even worse than that, as many credible commentaries have pointed out that much of the cuts come from assumptions that wars will not be waged in a few years.

In other words, spending that hasn’t taken place is being called a “cut” and being allowed to be counted. Not only is that money unspent, it’s allowed to be used for other purposes today, tomorrow and in the years to come.

Phantom cuts and supposed action in the future hasn’t confused those who control credit ratings. It hasn’t fooled the other major economic powers in the world. It hasn’t fooled anyone paying attention.

But the deal was made, the crisis used to force a deal made believers of both parties, and still, nothing positive happened and a tax-dodger who runs the Treasury is still in office.

How much sense does that make?

2) All this talk about revenue is a pathetic distraction.

One does not solve an addiction problem by providing more of the addiction, or allowing the addiction to continue. If the current situation is untenable, then why let it persist?

Yes, military spending is out of control, but what happened to ending those wars already established when we’re expanding to other war areas without even bothering to declare them?

Those with economic understanding know that taxes restrict growth, and that cutting taxes increases revenue.

The Laffer Curve isn’t a laughing matter when far too many sycophants believe that by raising taxes “on the rich” that the economy won’t be harmed, that ‘revenue’ will be increased and that revenue will solve the issue.

The problem is spending. If this government gets more money, will they curb what they are already spending, or simply spend more?

3) We’re seeing the shared blame game being played out.

cutting spendingStill, only one party has enough control to have derailed the agreements, and while the establishment wing of the GOP has caved horribly, they caved due to fear of the press and demagoguery by the propaganda of those in control of the government.

These days, cutting spending is called racism, as if expanding dependency, destroying families and causing undue unemployment (where minorities and women are hurt worst) is not.

Is it not an upside down world where dependency is called empowerment and self-sufficiency is called slavery?

4) The biggest joke of the agreement was that spending cuts would be further addressed by some combination of appointed lawmakers that haven’t been determined, that can and likely will meet in secrecy, and can enact their decisions without scrutiny.

Despite the fact that Congress is returning to all-time lows in terms of popularity, the Congress is accountable.

In 2006 many of the Republicans who started this mess were deemed responsible and booted out of office.

Since then the “Republican in Name Only” branch has been decimated in primaries and/or full elections.

Now, those in charge, and anyone who has full confidence in John Boehner has got to be misguided, are more than likely to be compromise minded and willing to cave in on the issues that would impact government gone wild the most.

Does anyone trust nameless bureaucrats to do the right thing?

5) Anyone else wondering why the Health Care law is not being fully addressed?

That railroading of a law is what turned out the TEA Party movement and began the transformation from “business as usual” to real efforts to curb government growth, restrain any attempts to increase taxation and take on the entitlements that are destroying this country via untenable debt.

Health Care is still poised to add many Trillions to debt, destroy the access Americans are expecting and the acquisition of a significant portion of the private workforce by the government will only make it much worse.

The longer Health Care is untouched, the worse it all becomes. It’s high time for conservatives to point out that Health Care is already costing dearly, and is not accomplishing anything other than granting unwelcome rights, processes and immorality to the public dole.

Does My Credit Define Me?

Does My Credit Define Me?

Having an excellent credit rating seems to be a main focus in today’s society. If you want a great place to live, great car to drive, and a well paying job, then your credit needs to be stable. Having a negative credit standing can hinder you in an abundance of ways.

As I think back to my past college days, credit was the last thing I thought about. Being able to charge that beautiful pair of shoes that I saw the previous week was my main concern. Now that I am older and hopefully wiser, I understand that maintaining good credit is a necessary evil.

Today’s society has become totally dependent on using credit to purchase many items. Even if you do not have the cash upfront, you are still able to obtain your desired products through credit cards.

In order to have a home in a very desirable area, your credit will dictate if this is a possibility. Mortgage lenders do no want to lend money to someone with horrible credit. They would like a guarantee that you will not default on any loans and will pay the money back.

Possessing an excellent credit score shows them that you are capable of doing this and therefore worth the risk. Anyone that has ever had low or bad credit soon realize that the interest rates on loans can be brutal.

Credit standing is important even if you are not planning on buying a home and only want to rent an apartment or condo. Potential landlords will do a credit check to see if you are worthy of renting from them. It is almost as if your lease is considered to be a loan.

check creditThey are taking the chance of leasing property to you in the event that you will make monthly payments to them for rent. Some of them consider having a stable credit history will prove that you are not a high risk and will make on time payments on a regular basis.

Bad credit can prove to be a downfall for many potential renters. It can cause them to get denied and therefor loose out on the rental.

The latest area that I have noticed to be affected by credit standing is employment. Never in a million years did I think that having bad credit could cause anyone not to be hired. Most people feel that your credit history is a personal thing that has nothing to do with your work skills.

However, many employers feel differently. They consider doing a credit check as a normal part of the hiring process. By not demonstrating a good or excellent financial responsibility when it comes to bills, then you will possibly not perform well in the work place.

Employers will be hesitant about offering you the position because your debt level is way too much for the salary they are willing to offer you.

As I grow older, I begin to notice the mistakes of my youth can have a lasting effect. I am slowly but surely repairing the damage done to my credit status from earlier years.

Although I have never been turned down for employment because of my credit status, I know that I still need to improve it. Having poor credit is almost like having a sign on your back saying “I don’t pay bills”.

Now that I see my credit is improving, I feel less stress. No, my credit does not define me but it can slow my progress.