The Democrats had their spokespeople on the Sunday TV news programs to respond to the S&P downgrade of U.S. sovereign debt, and to provide the talking points we can now repeat from memory: we need a balanced approach to deficit reduction; that means revenues from taxing the ill begotten gains of millionaires and billionaires, oil companies, yacht and jet owners, and hedge fund managers. And by the way, they noted, S&P was a major contributor to the subprime collapse, and they made a two-trillion-dollar error, so they have no credibility. We now need to spend hundreds of billions more on jobs and to raise taxes.
The New York Times had its short list of suggested tax increases in an editorial Sunday: income tax rates for everybody, capital gains rates, a new value-added tax, a new carbon tax, higher gasoline taxes, and eliminating all the tax loopholes for corporations and wealthy individuals.
Perhaps the administration thinks it can create anger at S&P, and it can get flash mobs, or its allied union goons.......... to come to New York State and threaten S&P executives in their homes. These S&P rating analysts are like Tea Party leaders in the "minds" of the left -- they are terrorists, financial jihadists, threatening the reelection of the president, and the progressive dream to remake America into a European social welfare state, at exactly the time the European nations are coming to realize they have over-promised, and can no longer afford that vision.