Insane Democrats Blame Tea Party For Credit Down Grade
Sanity Downgrade - By William Warren It would appear that the U.S. credit rating wasn’t the only thing receiving a downgrade…
Credit Downgrade Should Remind D.C. Politicians That They Are Mere Mortals,
By Adam Bitely – The political class in Washington got a wake up call late Aug. 5 — they are just as mortal as the rest of humanity. For some strange reason, many of the political elite were astounded that Standard and Poor’s would downgrade the U.S. credit rating. What seems so obvious to so many people, appears to be a foreign concept to those in D.C..
When a nation has over $14 trillion in debt, and increases their borrowing limit by over $2 trillion over a year and a half, and only vows to cut about $1 trillion over a decade, it’s no wonder that a credit ratings agency would downgrade the U.S. credit rating. But what is most important here is the lesson that some politicians might finally learn from this incident — and that is that the political elite in Washington have to abide by the same rules as everybody else. . . . Read more
Rick Santelli: If Not For Tea Party, U.S. Would Be Rated BBB "You know what leadership means? It means that it doesn't really matter what S&P says. We all know deep inside that no country is the same as it was 5 years ago. And the market seems to be okay with it. And as for stocks going down we were already Ralph Cramden (of Honeymooners) on thin ice. Now an infant jumped on our shoulders. It’s just even more weight.
"In the end, in the end we need to address problems we know exist. A Treasury Secretary or a President should be out here not fighting S&P, not grabbing the other coach and slapping him around, taking the umpire behind the barn. He should be getting the team psyched to overcome.
"See I remember I had a professor in college. I wrote a great paper. Could never please this guy. But it made me better. Okay? We’re better than this. Don’t get caught up in the minutia. All this BS. We’re better than this. We need to prove it. We’re off the track. Whether we're better than some other country or not, the real issue is we're on the wrong path.
"Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB."
Tags: Credit Downgrade, Democrats, Political Cartoons, Sanity Downgrade, Tea Party Movement, U.S. Credit Rating, William Warren, Washington, wake up call, Stand and Poor, Rick Santelli, video To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Credit Downgrade Should Remind D.C. Politicians That They Are Mere Mortals,
By Adam Bitely – The political class in Washington got a wake up call late Aug. 5 — they are just as mortal as the rest of humanity. For some strange reason, many of the political elite were astounded that Standard and Poor’s would downgrade the U.S. credit rating. What seems so obvious to so many people, appears to be a foreign concept to those in D.C..When a nation has over $14 trillion in debt, and increases their borrowing limit by over $2 trillion over a year and a half, and only vows to cut about $1 trillion over a decade, it’s no wonder that a credit ratings agency would downgrade the U.S. credit rating. But what is most important here is the lesson that some politicians might finally learn from this incident — and that is that the political elite in Washington have to abide by the same rules as everybody else. . . . Read more
Rick Santelli: If Not For Tea Party, U.S. Would Be Rated BBB "You know what leadership means? It means that it doesn't really matter what S&P says. We all know deep inside that no country is the same as it was 5 years ago. And the market seems to be okay with it. And as for stocks going down we were already Ralph Cramden (of Honeymooners) on thin ice. Now an infant jumped on our shoulders. It’s just even more weight.
"See I remember I had a professor in college. I wrote a great paper. Could never please this guy. But it made me better. Okay? We’re better than this. Don’t get caught up in the minutia. All this BS. We’re better than this. We need to prove it. We’re off the track. Whether we're better than some other country or not, the real issue is we're on the wrong path.
"Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB."
Tags: Credit Downgrade, Democrats, Political Cartoons, Sanity Downgrade, Tea Party Movement, U.S. Credit Rating, William Warren, Washington, wake up call, Stand and Poor, Rick Santelli, video To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 6:18 PM - Post Link
1 Comments:
SP was a bit late issuing the downgrade. Without serious reforms in Washington, it is just another mile marker on the road to perdition.
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