A Reminder

In light of the recent credit downgrade, I thought it appropriate to remind everyone of the GOP strategy to create as much chaos as possible regarding the debt ceiling.

Can It Get More Explicit Than This?

For those conservatives trying to pretend that this was not the GOP's fault:


"We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.... We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act." -- Standard & Poor




And if the Bush tax cuts don't come to an end, things will be worse:
"In addition, it incorporates $950 billion of new revenues on the assumption that the 2001 and
2003 tax cuts for high earners lapse from 2013 onwards, as the Administration is advocating." -- Standard & Poor


Curious that the only party mentioned by name in the report is the Republican party. Oh, but I forgot; curiosity is not a conservative quality.

Downgrade of the U.S. Credit Rating: The Tea Party is at Fault

For those conservatives who are trying to divert the blame for the recent downgrade of the United States credit rating by Standard & Poor, I would just like to point out that Germany and France have higher debt to GDP ratios than the U.S., and they still have AAA credit status. The reason the U.S. credit rating has been downgraded is exclusively because of Tea Party Republican shenanigans in Congress.