rightwinger
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- Aug 4, 2009
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How did the TEA Party create an economic crisis?
1. They forced a showdown on extending the debt limit by insisting on spending cuts
2. They refused to compromise on revenue increases to reduce debt
3. They forced the country to near default on our debts
4. They created the impression that the US, because of its current political structure, could not be trusted to pay their debts
5. They caused S&P to downgrade our credit rating
Thanks Tea Baggers
You realize, don't you, that we were in a crisis long before any of those things happened?
Immie
We have been in debt for 30 years.
We had an $11.6 trillion debt when Bush left office. There was no "crisis" over that debt
We passed the 2011 budget in April which already established a $14 trillion debt .......there was no crisis when the budget passed
All of a sudden when we need to extend the debt ceiling, there is a crisis. No way the debt can go any higher or we will force default. The public circle jerk by our elected officials created a worldwide panic and resulted in a S&P downgrade
Yes, this manufactured "crisis" was brought to you by your friendly neighborhood Tea Bagger