What would have averted the credit-rating downgrade and the subsequent turmoil in the markets? Precisely the spending cuts advocated by the tea party.
According to a statement by Jenny Beth Martin, a co-founder and national coordinator of Tea Party Patriots, the debt-ceiling compromise was full of “accounting tricks and minor ‘cuts’ to spending.” She warns that these so-called cuts do not reduce our national debt. They are simply cuts to future deficit spending.
Rather than prevent a crisis, the debt deal has “already cost us our AAA credit rating,” according to Martin.
In addition, she explains that the tea party was the only organization pushing for the passage of the Full Faith and Credit Act, which would remove the threat of a national default.
A couple of hundred years ago a band of American patriots demonstrated their contempt for a distant Parliament that imposed unjust taxation upon citizens, with no say in the matter, by dumping British-taxed tea in Boston Harbor. It was one of the acts of defiance that helped spark the American Revolution and created a new nation.
Unlike the Boston tea party, today’s tea party membership is nationwide and composed of people from every nook and cranny in this vast nation, but they feel the same determination to display their anger at the depredations of an out-of-control national government that the Boston patriots showed toward a distant monarch who legend tells us could not speak a word of English, preferring instead his native German.
It’s past time for a little tea dumping of our own — the bitter tea brewed by Barack Obama.
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