Editorial: S&P Downgrade - WSFA.com Montgomery Alabama news.

Editorial: S&P Downgrade

MONTGOMERY, AL (WSFA) -

Drastic times call for drastic measures and last week Standard & Poor's took the unprecedented step in lowering the rating on U.S. Government debt from AAA to AA+ - a first in our nation's history.

They issued many comments in their announcement but one put an explanation point on their decision and I quote "The downgrade reflects our view that the effectiveness, stability and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned …"

Bottom line – our policy makers in Washington did not come up with a sound plan in timely fashion to once and for all attack our growing deficit and out of control spending.  The S&P called them on it, Wall-Street called them on it and we Americans are calling them on it.  Mom once told me the easiest and least painful way to remove a band-aid is quickly and all at once.  This step by step debt reduction plan by committee is prolonging the inevitable. 

We today urge the Alabama Congressional delegation to make the tough but correct decisions regarding our economy.   Stop spending money we don't have, end wasteful programs, and put a sound fiscal policy in place.  You do that and we can turn this negative into a positive. 

We appreciate your feedback.

Copyright 2011 WSFA 12 News. All rights reserved.

  • EditorialsMore>>

  • Guest Editorial

    Guest Editorial: Congressional Health Care Plan

    Guest Editorial: Congressional Health Care Plan

    Thursday, July 20 2017 1:32 PM EDT2017-07-20 17:32:12 GMT
    (Source: WSFA 12 News)(Source: WSFA 12 News)

    Pastor Ed Nettles of Freewill Missionary Baptist Church offers his opinion on American health care. 

    More >>

    Pastor Ed Nettles of Freewill Missionary Baptist Church offers his opinion on American health care. 

    More >>
  • Opinion

    Editorial: Risks of legalizing marijuana

    Editorial: Risks of legalizing marijuana

    Tuesday, July 18 2017 6:51 PM EDT2017-07-18 22:51:43 GMT
    (Source: WSFA 12 News)(Source: WSFA 12 News)

    The subject of legalizing marijuana is more openly discussed these days, but I sense I will be long gone before our state ever passes such legislation.  

    More >>

    The subject of legalizing marijuana is more openly discussed these days, but I sense I will be long gone before our state ever passes such legislation.  

    More >>
  • Editorial

    Editorial: Thank you!

    Editorial: Thank you!

    Tuesday, November 15 2016 11:49 PM EST2016-11-16 04:49:40 GMT
    (Source: WSFA 12 News)(Source: WSFA 12 News)

    I can’t begin to thank all the people in Montgomery who went out of their way to make an outsider feel at home. In only a year and a half we have made lifelong friends, friends who we would count on with our lives and our children’s lives. But it is the South, and that is what you do. 

    More >>

    I can’t begin to thank all the people in Montgomery who went out of their way to make an outsider feel at home. In only a year and a half we have made lifelong friends, friends who we would count on with our lives and our children’s lives. But it is the South, and that is what you do. 

    More >>
Powered by Frankly