It’s amazing that a senior member of a party that’s in control of a legislative body that hasn’t passed a budget of any sort in more than two years would publically try to pin blame for Standard and Poor’s recent downgrade of America’s long-term credit rating on, of all groups, the Tea Party. But that’s exactly what happened on Meet the Press yesterday. Senior Democratic senator and former Democratic presidential nominee John Kerry called S&P’s action a “Tea Party downgrade.” The Tea Party, of course, is an informal movement that has arisen in response to runaway federal spending, regulation, and debt.
MSNBC’s David Gregory asked Kerry: “Is this a wakeup call — to Washington?”
Kerry replied, “Well, it’s a partial wakeup call” and then proceeded to say, essentially, that it’s a wakeup call about the dangers of the Tea Party.
Kerry said nothing about how deficit spending under President Obama has vastly exceeded any pre-Obama deficit spending in American history save for during the Civil War, World War I, and World War II — even as a percentage of the gross domestic product. He said nothing about how the president’s own budget shows that, for every $4 that it brings in this year, the federal government will spend a little over $7 (see table S-1) — or how that same budget shows that this year’s mandatory (“autopilot”) spending alone will exceed total federal receipts (see table S-4). He said nothing about how the Democrats’ passage of Obamacare has added greatly to this already crippling entitlement burden. And he said nothing about how his party opposes the only credible plan for bringing down Medicare’s actual costs (as opposed to having government bureaucrats ration care).
In other words, Kerry hasn’t gotten his wakeup call at all.