Saturday, August 6, 2011

AAA Fades Away

The drama in Washington over the debt ceiling has kept this muse actively tweeting and commenting on Fox, Huffington Post, Wall Street Journal, etc. A playground of 535 spoiled children in a fantasy world of spending cuts measured against projected increases not reductions. The tab for such foolishness will be billions in increased interest costs. Unless the Super Committee of 12 works a miracle, I am beginning to feel like the starving Pilgrims facing a Thanksgiving with no friendly Indians in the forest to bring platters of food.
AAA Fades Away
After all the drama and "hostage taking" the debt deal has flopped
Our S&P AAA credit rating has just been dropped
It is enough to make this poet gnash his teeth and weep
To be on a par with the Kiwis and their millions of sheep
What about 4 trillion in spending cuts did we not hear?
Clear and present warnings repeated only to fall on deaf ears
Billions more of interest added to the recession's curse
But what may follow is a fear that is even worse
This drop may be just the first of many and not be the last
Our days of a dollar currency standard may be long since past
Only hope our gang of 12 are the brightest and the best
And can find the 2 trillion in cuts and this spending surge begin to arrest
© August 6, 2011 Michael P. Ridley aka The Alaskanpoet

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