Saturday, August 6, 2011
Welcome to the down-grade - your share of the deficit just went up
S&P downgrades US debt - "Nobody I have known of has been more wrong than them." - Rep. Barney Frank | Rachel Maddow http://su.pr/1nSoCy
So now is the time to watch for the ultimate GOP and Tea Party hypocrisy as they point fingers at the Democrats for the downgrade. The fact that they drove what should have been a fairly straightforward process to the point of default causing unnecessary stress and calling the world’s attention to the fact that we are now governed by political hostage takers instead of men and women that can sit down and come to a reasonable solution for the problems we face together. This again will prove that they are unworthy of any support in the future as they will demonstrate the limited historical memory and their entire belief that nobody understands the situation as well as they do. They have through their complete disregard for anyone else’s opinion taken more money out of an already stressed economy by making it more costly for this country to do what it must.