Barry's US Credit rating Down-Grade

[easyt65]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

 

[JoeNormal]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

 

[easyt65]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

 

[easyt65]

Credit Ratings and Broken Knees: Did Geithner Threaten S&P's Chairman?

S&P testifies administration threatened payback after downgrade; calls lawsuit retaliation

 

[JoeNormal]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

The republicans refused to do anything as we approached one of our many fiscal cliffs - mainly due to the influence of Grover Norquist and the pledge that most of our republican congressmen had made to him. That was the reason for the default and the credit rating downgrade.

 

[kaz]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

 

[kaz]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

The republicans refused to do anything as we approached one of our many fiscal cliffs - mainly due to the influence of Grover Norquist and the pledge that most of our republican congressmen had made to him. That was the reason for the default and the credit rating downgrade.

Obama didn't agree either, twat

 

[easyt65]

The republicans refused to do anything as we approached one of our many fiscal cliffs

The Republicans - LIKE THE S&P - asked for more spending cuts.
The S&P WARNED Obama / Democrats that if they did not agree to more spending cuts to prove they were serious about controlling / lowering the deficit they would cut the US Credit rating.

Democrats called their bluff...and they and the country paid for it.

 

[JoeNormal]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

Sounds like you think the default was a good idea.

 

[JoeNormal]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

The republicans refused to do anything as we approached one of our many fiscal cliffs - mainly due to the influence of Grover Norquist and the pledge that most of our republican congressmen had made to him. That was the reason for the default and the credit rating downgrade.

Obama didn't agree either, twat

Stay classy.

 

[kaz]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

Sounds like you think the default was a good idea.

First of all, there was never going to be a "default." Weren't a math major, were you, Dopey? There was way more money coming in than interest payments.

And second, what does that have to do with my point? Obama wouldn't agree to Republicans just like the Republicans wouldn't agree with Obama. And a stupid twat that you are you say OMG, that's the Republicans fault. Stop being such a pussy, Obama didn't cave any more than the Republicans didn't

 

[kaz]

There was no GOP Default.

Barry claimed Bush adding $4 Trillion in 8 (EIGHT) years was Un-Patriotic...and then proceeded to add nearly $7 Trillion in only 4 years. His 1st economic bill was the failed nearly $1 Trillion Stimulus bill that was foiled with over 7,000 pieces of DNC-Only PORK.

S&P was alarmed by the massive increase in DNC Debt Growth (Begun at the start of bush's last 2 years in office when the DNC took a near super-majority control of both the House and Senate - which means THEY took control of the budget, spending, & the economy)!

So the S&P went to the President and urged him to accept MORE of the spending cuts the GOP asked for as a show that he - Obama - was truly serious about lowering the national debt...Obama refused. Badda-Boom, Badda-Bing - here's YOUR US Credit Rating Downgrade.

The republicans refused to do anything as we approached one of our many fiscal cliffs - mainly due to the influence of Grover Norquist and the pledge that most of our republican congressmen had made to him. That was the reason for the default and the credit rating downgrade.

Obama didn't agree either, twat

Stay classy.

Classy and blame the other side for doing what you did? That's not classy, Darlene, grow a pair and man up to your own side's actions. When you're saying such stupid shit as Republicans are to blame when they did the same as your side, yeah, I'm going to insult you not take your crap seriously.

And you compound that with the lie we were going to "default." No increase in the cap didn't prevent us from paying our debts and we had plenty coming in to pay it. It just prevented us from continuing to put more on the credit card than we already have

 

[JoeNormal]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

Sounds like you think the default was a good idea.

First of all, there was never going to be a "default." Weren't a math major, were you, Dopey? There was way more money coming in than interest payments.

And second, what does that have to do with my point? Obama wouldn't agree to Republicans just like the Republicans wouldn't agree with Obama. And a stupid twat that you are you say OMG, that's the Republicans fault. Stop being such a pussy, Obama didn't cave any more than the Republicans didn't

I have a minor in math you overpaid retard. What's your idea of higher math, balancing your checkbook?

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

 

[kaz]

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

Sounds like you think the default was a good idea.

First of all, there was never going to be a "default." Weren't a math major, were you, Dopey? There was way more money coming in than interest payments.

And second, what does that have to do with my point? Obama wouldn't agree to Republicans just like the Republicans wouldn't agree with Obama. And a stupid twat that you are you say OMG, that's the Republicans fault. Stop being such a pussy, Obama didn't cave any more than the Republicans didn't

I have a minor in math you overpaid retard. What's your idea of higher math, balancing your checkbook?

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

I majored in math.

So how is it that you don't know that we had way more money coming in than the interest payments due so there's no way we would have defaulted unless the Obama administration and Democratic leadership decided to do it on purpose?

You're a liar. We had no reason to default

 

[easyt65]

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

$7 trillion in 4 years. Obama was spending like a drunken sailor. The Republicans & the S&P said 'No Mas'! Again, both urged more spending cuts. The S&P went as far as DEMANDING them....and Obama was the one who dug in HIS heels, telling the S&P to go F* themselves......and for his troubles he secured the 1st US Credit rating downgrade.

Way to go, Barry!

 

[kaz]

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

$7 trillion in 4 years. Obama was spending like a drunken sailor. The Republicans & the S&P said 'No Mas'! Again, both urged more spending cuts. The S&P went as far as DEMANDING them....and Obama was the one who dug in HIS heels, telling the S&P to go F* themselves......and for his troubles he secured the 1st US Credit rating downgrade.

Way to go, Barry!

We shouldn't raise the debt ceiling, we should slash spending and stop borrowing. Once that's done we should start lowering the debt ceiling.

But that we were going to "default" is the ridiculous claim of the left. Math "minor" JoeNormal doesn't grasp if tax receipts are greater than our debt payments, we aren't going to "default"

 

[JoeNormal]

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

When the two sides can't agree, it's the Republicans. Grow a pair, Nancy

Sounds like you think the default was a good idea.

First of all, there was never going to be a "default." Weren't a math major, were you, Dopey? There was way more money coming in than interest payments.

And second, what does that have to do with my point? Obama wouldn't agree to Republicans just like the Republicans wouldn't agree with Obama. And a stupid twat that you are you say OMG, that's the Republicans fault. Stop being such a pussy, Obama didn't cave any more than the Republicans didn't

I have a minor in math you overpaid retard. What's your idea of higher math, balancing your checkbook?

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

I majored in math.

So how is it that you don't know that we had way more money coming in than the interest payments due so there's no way we would have defaulted unless the Obama administration and Democratic leadership decided to do it on purpose?

You're a liar. We had no reason to default

Ok, I used the wrong term. It wasn't default, it was sequestration. That better?

 

[Soggy in NOLA]

It was the republican forced default that cost us our credit rating downgrade you stupid fuck.

Nice opinion, but I am afraid not. (I have posted several links many times regarding this - I advise you to look them up.)

The GOP called for more spending cuts, and Obama - in his arrogance - was determined not to do anything the GOP wanted - he refused.

The bank that eventually cut the US Credit rating actually came to Obama and warned him that if he refused to agree to more spending cute - as a gesture that he was truly concerned about the quickly expanding / growing debt - it would be forced to cut the US Credit Rating. Barry refused - the budget was passed...and not long after that the Bank cut the US Credit rating:

"For the first time ever, the United States lost its perfect credit rating as Standard & Poor's reduced its U.S. long-term debt assessment from AAA to AA+ with a negative outlook.

In announcing the move late Friday, the ratings agency said a deal this week to reduce the nation's debt did not go far enough..."

S&P Downgrades US Credit Rating to AA+


"The S&P believes that we spend too much as a nation and that we don’t have the political will to stop spending. The Tea Party was formed primarily to send a message to Washington that America needs to stop spending money we don’t have.

The Tea Party won’t get the blame for the debt-rating downgrade. President Obama will get the blame and it will hurt him with the American people in the next election."

The Obama downgrade

Coincidently after that, just about every Obama administration possible paid that bank a visit, auditing and doing all they could as 'payback' to punish the bank:

"The White House’s first reaction to this news was to blame S&P itself, claiming that their math was wrong as spokesmen pointed out S&P’s past rating failures. Correcting the math didn’t correct the problem, however, and so S&P went ahead with its downgrade. Debating S&P’s credibility misses the more important point, which is there for all to see: Projected deficit spending properly raises questions about U.S. credit quality."

Why Did America Receive a Credit Rating Downgrade? - AskHeritage

Of course - Barry's 1st reaction is ALWAYS to BLAME SOMEONE ELSE!

The whole republican default debacle was brought about by their mindless obedience towards Grover Norquist. Thankfully, even brain dead republicans now seem to have forgotten about this hack but at the time, he had them in some sort of Svengali-like trance.

Nobody gives a fuck about Grover Norquist.

 

[Soggy in NOLA]

We were never in danger of defaulting... it was a left-wing scare tactic so they could get more spending.

 

[JoeNormal]

So if the republican idea of digging in their heels and saying 'no more' was such a great idea, why was it so catastrophic and why didn't they continue doing it?

$7 trillion in 4 years. Obama was spending like a drunken sailor. The Republicans & the S&P said 'No Mas'! Again, both urged more spending cuts. The S&P went as far as DEMANDING them....and Obama was the one who dug in HIS heels, telling the S&P to go F* themselves......and for his troubles he secured the 1st US Credit rating downgrade.

Way to go, Barry!

Not that I'm a huge Barry fan but when Dubya handed the US the shit sandwich of a collapsed economy and millions of people needed assistance, what would you have done?