This morning with Neil Cavuto on Fox News, Congressman Barney Frank (D-MA) took the rating agencies to task for signaling that they would downgrade the US and state and municipalities if there is not substantial structural reform to the gaping national debts and annual deficits. Rep. Frank stated that Congress would do away with all the federal laws that require the holding of only AAA rated investments in the event that rating agencies proceed to downgrade government credit ratings.
Isn't this Washington at its finest? Like a drunk whining for another drink, while saying they plan to sober up "tomorrow" yet taking no action to actually reduce alcohol consumption and entirely refusing to commit to enter a treatment center.
Now that the ratings agencies, and the American people, can no longer hide the ugly reality that the DC emperor has no fiscal clothes, the drunken emperor will now decree from on high that public nudity is perfectly acceptable.
It's painfully apparent that Washington will never solve the Washington Problem. That's why our unique, unprecedented system of government provides both "internal" and "external" checks and balances. Madison stated that "the power surrendered by the people is first divided between two distinct governments" (federal and states), and they "will control each other" as "a double security to the rights of the people." Jefferson said "it must be the states themselves, erecting barriers at the constitutional line as cannot be surmounted." And, John Dickinson warned "it will be their own FAULTS, if the several states suffer the federal sovereignty to interfere in the things of there respective jurisdictions."
It's it time to end the zombie-like focus on a naked, drunken emperor and instead return the fundamentals of our unprecedented systems that provided critical external checks to Washington simply doing what our Founders knew was the very nature of government: to amass unbridled, naked power. The system is the solution!
Call your state representative and let him or her know that you intend to rely on the Article VI oath he or she swore to uphold the U.S. Constitution and that you do "rely on our state legislatures to erect barriers against the encroachments of the national authority." (Hamilton)
Unbelievable! With Barney Frank at the helm we will turn into Argentina. We can't legislate against gravity or legislate that rivers reverse their course. Insane.
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