S&P just put our elected officials on notice: Submit to the proclamations of the Deficit Commission or we'll downgrade our rating of government debt.Recall Standard & Poors helped create the financial implosion by stamping financial vaporware "Triple A."
Do Deficit co-chairs Erskine Bowles and Al Simpson need a Rahm Emanuel coordinated campaign, one vectoring from all quarters? Bowles' Morgan Stanley is doing its part. Commission member Kent Conrad aided the cause.
However, it's hard to override Simpson's unfunny folk-isms and Bowles' stated greed. Maybe, the Wizard of Oz could scare Dorothy into submitting to the proclamations of the Deficit Commission. S&P might need more stage props to intimidate the public.
Might this one work?
Beware the Deficit Commission hand.