Monday, August 8, 2011 – 10:00 a.m.

Standard and Poor’s downgrade of the sovereign credit rating of the United States was a long time coming.

For a country on an endless spending addiction, the U.S. deserves exactly what it’s getting.

And the Politicians just don’t get it.

The blame game is over.

The blowing of taxpayer dollars on any and every thing in sight is over.

The deficits resulting from the aforementioned reckless spending is higher taxes and severe cuts in government spending.

There’s no choice at this point.

Because the political blame game and gridlock is likely to continue, the government will ultimately have no choice but to in fact monetize a portion of the the skyrocketing national debt.

The resulting move will result in immediate inflation unlike anything seen in recent memory.

Expect at least one downgrade to AA.

But AA- isn’t out of reach.