Standard and Poor's downgrades US to AA+

[Riot]

Originally Posted by Antitrust32

do you really think we would not have been downgraded had the congress just raised the debt ceiling two months ago and done nothing else (spending cuts)?

You must not be listening to S&P.

Wrong. I read their press release. You should, too, rather than listen to Faux News interpretations.

We were downgraded because of politics. We were downgraded as the debt ceiling was not routinely raised two months ago, as it has been 79 times before, and the Tea Party (although S & P named the Republicans) obstructed our political process so much that S & P had to jerk the GOP leash with the fake insult of the downgrade.

The debt ceiling raise is our promise to continue to pay bills we have already incurred - the Tea Party threatened we would not do that, that we would not pay back the money we'd already borrowed. The Tea Party put the full faith and credit of the United States hostage for their ridiculous political theatre. The Tea Party said not paying back our creditors and bills literally didn't matter, that there would be no consequence. What idiots! And that - the political theatre - is what caused S & P to downgrade us.