Originally posted by USArmyParatrooper
And by "threatening the purse strings" you mean threatening to send us into default, of course.
And you do realize that the threat alone set the downgrade into motion, right?
http://www.cnn.com/2011/BUSINESS/08/06/credit.rating.reaction.cnn/index.html?hpt=po_t2
[b]Chambers said the slowness at raising the debt ceiling and the poli ...[text shortened]... lations to you and your fellow Republican counterparts for getting exactly what you wanted.
Before this all started it was made clear to Washington that what was needed is about a $4 trillion cut in spending. They did not achieve this.
BTW, you really must stop saying "Republicans". The new lingo is that the Tea Party caused the Republicans to not agree to tax increases because they do not negotiate. However, no one in the Tea Paty is happy about a $2.5 trillion increase in the debt celing. It looks to me like the Tea Party "negotiated".
Make no mistake, both parties have had and do have a spending problem Therefore, I think there to be a cabal to demonize them anyway possible. I saw this even in the last election as the GOP disdained the Tea Party. Even Obama said that the current spending was not sustainable, but did not flinch. It is only when concerned citizens come along and fight to put an end to it that they are demonized, while those that are responsible for the mess now have a scapegoat. All I can say is, "Baa, baa".