May 20, 2012
Republicans Ready For Another Debt Ceiling Fight While Voting To Increase Debt
Republicans would have you believe that the economy, the deficit and even much of our long-term debt is on the shoulders of President Obama. Republicans in the House, particularly Tea Party Republicans, threatened to ruin the credit worthiness of the United States (although many would not acknowledge it) in last summer’s debt ceiling showdown. In fact, just days after they reached an agreement to increase the debt ceiling, Standard & Poor’s downgraded the credit rating of the U.S. government bond for the first time ever.