WhatFinger

The problem isn't the debt ceiling but out-of-control spending

Debt Ceiling Up, S&P Rating Down


Remember how we were threatened that if the Republican House of Representatives didn't raise the U.S. debt ceiling, the stock market would crash and Standard & Poor's would punish us by downgrading our credit rating? So, the Republicans did what Wall Street, President Obama and the media demanded, the stock market nose-dived anyway and S & P reduced our financial rating for the first time in history from Triple-A to second-place AA-plus.
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