US likely to lose AAA credit rating
Yep, we're already likely to lose our top credit rating, which will amount to a huge tax on the American people as interest rates go up across the board. On top of that, if the debt ceiling impasse continues, we will default on our debt, triggering an economic collapse of immense proportions.
You bear the responsibility for this disaster, Republican lawmakers. You are pathetic. You're playing chicken with the nation's economy in an attempt to get your demands met, demands that should be debated during budget talks, not when the full faith and credit of the US government is on the line.
For the sake of the US economy, the debt ceiling must be raised. It should not be contingent on the GOP's ridiculous demands. It should simply be done. Budget haggling is for another time. Economists know that a default would be a total disaster for the US economy. Since the GOP refuses to compromise, even after Obama and the Democrats in the Senate have offered concession after concession, far more than they ever should have, and even when poll after poll shows that a strong majority of Americans want a compromise solution with spending cuts and tax increases, I can only conclude one or both of the following are true:
1) GOP congressmen do not give a shit about the country.
2) GOP congressmen are too ignorant to begin to understand the massive consequences of the political game they are playing.
These two options are not mutually exclusive.
Once again the GOP is proving that they are an ignorant, broken party hell bent on destroying what's left of the United States in order to please their wealthy friends.
There was a time when we had two major, worthwhile parties in this country. That time has passed. The GOP is worse than worthless. They are destructive to the nation and everyone in it except for a wealthy few. I hold out little hope that what needs to happen will ever happen, but we need another major political party, better yet more than one, but at least one to replace the ignorant, anti-intellectual, far right wing disaster that is the Republican party.
You bear the responsibility for this disaster, Republican lawmakers. You are pathetic. You're playing chicken with the nation's economy in an attempt to get your demands met, demands that should be debated during budget talks, not when the full faith and credit of the US government is on the line.
For the sake of the US economy, the debt ceiling must be raised. It should not be contingent on the GOP's ridiculous demands. It should simply be done. Budget haggling is for another time. Economists know that a default would be a total disaster for the US economy. Since the GOP refuses to compromise, even after Obama and the Democrats in the Senate have offered concession after concession, far more than they ever should have, and even when poll after poll shows that a strong majority of Americans want a compromise solution with spending cuts and tax increases, I can only conclude one or both of the following are true:
1) GOP congressmen do not give a shit about the country.
2) GOP congressmen are too ignorant to begin to understand the massive consequences of the political game they are playing.
These two options are not mutually exclusive.
Once again the GOP is proving that they are an ignorant, broken party hell bent on destroying what's left of the United States in order to please their wealthy friends.
There was a time when we had two major, worthwhile parties in this country. That time has passed. The GOP is worse than worthless. They are destructive to the nation and everyone in it except for a wealthy few. I hold out little hope that what needs to happen will ever happen, but we need another major political party, better yet more than one, but at least one to replace the ignorant, anti-intellectual, far right wing disaster that is the Republican party.
posted by Patrick at
2:17 PM
1 Comments:
Still waiting for that "across the board" interest rate hike and complete economic collapse thing that you said would happen in May in a previous post.
If I wasn't such a nice person, I'd bring up the issue of regurgitating talking points and critical thinking again.
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