Since this has been queued for a few days, unless you live under a rock you will undoubtedly know that the stalwart credit rating agency has put it to “the man” to steal a little street vernacular from my youth. As it was enjoyable to listen to the “truth” for a change and have to give the venerable rating organization “props” for telling it like it is, however will bet you my last dollar each of those rating executives will be audited by the IRS for sure.
However their message was spot on in saying, look you have too much debt, and you have a lousy governing ability because you won’t do anything about it so here is your downgrade thank you very much. So why is the government so surprised about this, and especially the president who wasn’t around till the final hours of the deal? This folks is the reason plain and simple for our predicament, as forget everything else; the problem is a lack of governance as in our ability to tackle the hard questions. Forget who did it or didn’t do what, the issue is real and here today.
As in a way it’s sad that a third party “commercial” organization had to send the message to the US Government “your second rate”, if that’s what it takes then so be it. As this also highlights for the world our short comings, meaning no longer can we just sweep our bad habits under the carpet for someone else to find later.
Yet there is one thing which has always worked for me in the past, this is when taking on a new engagement it’s my habit to gather all my staff together and ask one thing of them which Washington might find useful. As in this meeting, I ask them all to take out a sticky note and pen, upon which they are all asked to write just one thing on that lonely piece of paper. In fact it’s only one word, which is “ownership” yes a very simple yet powerful word at that and you know what? It works as people who want to do good understand for this [good] to occur the buck stops with them and not someone else and seeing this [note] every day is a powerful reminder.
So with this I say, president Obama and congress get your sticky pads out and start writing away as that’s why we the people sent you there in the first place…