You Can Thank the Tea Party for America's AAA Rating

Moody's announced that after today's debt deal America will keep its AAA credit rating, but the outlook is negative.  It was the spending cuts that were tied to the debt deal that saved the rating. Had the Dems gotten the "clean" debt bill they had at one time demanded the rating would have dropped.  Thank you Tea Party "terrorists".

I still expect a lowered rating within six months or so because this bill did not sufficiently address the underlying spending problem. We're still looking at massive deficits as far as the eye can see, and they're rapidly becoming unsustainable.  The current "leadership" in the White House and Senate refuses to deal with it rationally.

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