Following the S&P downgrading, the Obama administration’s response appears to be “shoot the messenger.” I just saw a stat the other day that if we doubled everyone’s taxes (assuming we could actually get every intended penny), our federal government would still be running an annual deficit of $400 billion. The problem isn’t that S&P is political or incompetent; it’s that we are spending too much.
By the way, this downgrade shows how much that ballyhooed debt-ceiling compromise really did to pull us out of our spending death spiral.
About Stan Guthrie
Stan Guthrie is an editor at large for Christianity Today magazine and for the Chuck Colson Center for Christian Worldview. His latest book is God's Story in 66 Verses. He also is author of All that Jesus Asks: How His Questions Can Teach and Transform Us, Missions in the Third Millennium: 21 Key Trends for the 21st Century, and A Concise Guide to Bible Prophecy. He is co-author of The Sacrament of Evangelism. Besides authoring, writing, and editing books, Stan is a literary agent, bringing together good authors, good books, and good publishers.
Stan writes the monthly Priorities colum for BreakPoint.org. He has appeared on National Public Radio's Tell Me More, WGN's Milt Rosenberg program, and many Christian shows, including The Eric Metaxas Show and Moody Radio's New Day Florida. A licensed minister and an inspirational speaker, he served as moderator for the Christian Book Expo panel discussion, Does the God of Christianity Exist, and What Difference Does It Make?
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