I remember in my younger days spending hours on end with my family playing the game of monopoly. Here was a game that required a bit of strategy, some luck and the most important was to make good financial decisions. If you invested your money properly, you could own a string of luxurious properties on the most valuable side of the board, however, if your were slow on the draw, you would be lucky to make it past the first 30 minutes. The problem with monopoly was that it was always considered as “just” a game and although it was primarily designed to entertain you, there was a lot to be said for the one that made it through to the end.
When your money began to run out and you were forced to sell your assets, it was just a matter of time before you would be left with no financial means to continue. Unlike the way we do things in the real life, you could not “print” any more money, neither could you borrow any in order to stay afloat. If you are keeping up with my example here, I am sure that you are aware that I am referring to the federal government and the recent thrashing that we got, thanks to our friends at the S & P.
Considering the fact that we have managed to get ourselves in the position we are in with nobody else to blame but us, why then would we be upset for the loss of our AAA rating, I wonder. As in the case of monopoly, and even with some major distinctions, our beloved President has decided that we should not have been downgraded and that his government plans to eliminate the S & P altogether because of their rush to downgrade our credit rating. This would probably be a great time for the leadership to take a mini vacation and chill out, because at this point we are simply acting like children who can’t get our own way, then to take our toys with us.