I can’t put into words that are fit to print my anger at the current administration. After his allies in Congress ratcheted up spending to unprecedented levels, he refused to discuss any real spending reductions. So what happened? He got his deal, and now our credit rating has been downgraded. He’s worse than Carter ever dreamed of being. He created this mess, along with his Comrades in Congress. And he’s going to start playing pin the mess on the
The Washington Post reported the horrid news.
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system.
Lowering the nation’s rating to one notch below AAA, the credit rating company said “political brinkmanship” in the debate over the debt had made the U.S. government’s ability to manage its finances “less stable, less effective and less predictable.” It said the bipartisan agreement reached this week to find at least $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would not be likely to achieve more savings in the future.
“It’s always possible the rating will come back, but we don’t think it’s coming back anytime soon,” said David Beers, head of S&P’s sovereign debt rating unit.
The decision came after a day of furious back-and-forth debate between the Obama administration and S&P. Government officials fought back hard, arguing that S&P’s analysis of the potential for political agreement was flawed and that its initial report, which was flagged by the Treasury earlier in the day, contained mathematical errors. The company had overstated the U.S. deficit over 10 years by $2 trillion.
“A judgment flawed by a $2 trillion error speaks for itself,” a Treasury spokesman said Friday.
The downgrade to AA+ will push the global financial markets into uncharted territory after a volatile week fueled by concerns over a worsening debt crisis in Europe and a faltering economy in the United States.
Oh, and so much for the “post-racial” president. Now white people are being beat in the streets by angry mobs and only a few of the offenders get arrested. How is this hope? How is this change? Unless you really want change for the worse? What the hell is happening to our country? I’ll tell you what’s happening – the poor get poorer, and angrier. The poor created by another nasty liberal – Lyndon Johnson. Now we have all these people taking out their anger at anyone who they perceive has more than they do, and they simply beat them down. Meanwhile, they’re still poor. Those they beat have probably lost their ability to make a living and our overlords continue to party like it’s 1999.
Wake up, people! Wake the f*** up! How stupid do you need to be to fall for this?
Of course, our Dear Leader will say we need to spend more and put our kids into more debt. You have a way to tell him no, vote against him in the next election.
Update: Don’t tell me this didn’t happen on purpose. They hire the best and the brightest with our tax dollars. They knew this would happen, they planned it. This was done on purpose. If you think otherwise get in touch, I have some property to sell you.
Update 2: Linked by No Groupthink – thank you.