Leave it to the Democrats to kill the feds' AAA rating.

It’s commonly known by now that Moody’s, the bond rating agency, issued last week a warning regarding the US federal government’s debt. The reports read in part:

        Unless further measures are taken to reduce the budget deficit further or the economy rebounds more vigorously than expected, the federal financial picture as presented in the projections for the next decade will at some point put pressure on the triple A government bond rating.

Or, in plain English, The crazy borrowing of the Obamanistas is unsustainable, and they have their heads in the sand about it. Most deeply buried may be that of Timothy Geithner, the federal treasury secretary. As reported by the Wall Street Journal, when asked on ABC News’s This Week about the prospects of the US losing its AAA rating, he simply said,

        Absolutely not. That will never happen to this country.

How reassuring. At least Mr. Geithner has convincingly Wall Street hair. He further said that the Obama administration was “deeply serious” about deficit reduction. Serious? Really? How about deficit elimination? How about deeply cutting runaway federal spending? How about cutting into income transfer programs? How about slashing away at the intergenerational theft of Social “Security”? If we heard more serious proposals than mere budget freezes, we might be able to take this crowd seriously.

Here in Texas, as some of my more statist friends might point out, we get a lot of our government funding direct from the federal government. Regrettably, we also have to endure mandates from the federal government to spend said money, and our people are still getting taxed for it from far-off Washington, so the effect isn’t as delightful as advertised. It’s part-and-parcel of the obscene largesse foisted upon us by the Washingtonian cabal.

Association with that crowd is offensive not just to Teapartiers and Ronpaulists, but increasingly to a large section of the electorate who doubt that every problem has a federal or international solution. It’s an offense to the basic conservative—and even classically liberal—principle of subsidiarity, and we should take every useful opportunity to tag local Democrats with it. Statism, whether enthused by Democrats or wobbly Republicans, got us into this mess. As we’re cleaning it up, we should be handing them the bill.

Hope and change. Rubbish. Hope is not a strategy. In short, if you supported this crowd, you have some explaining to do.