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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (168400)	8/8/2011 6:29:32 PM
From: Sam	Read Replies (2) \| Respond to of 544044

S&P noted that its downgrade was partly attributable to its belief Bush-era tax cuts will now not expire at the end of next year, depriving the Treasury of fresh revenue. “We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the [debt ceiling] act,” the agency wrote. re: "Looks like the new talking point is "the Tea Party downgrade."... Nice try! Last I looked, the Tea Party has never spent a dime of taxpayer money. Last I looked, the Tea Party has not spent this country into a $16 trillion deficit." Nice try, indeed.... This downgrade isn't so much about economic fundamentals as about political process. And that is why it is called "the Tea Party downgrade." But you're partly right. Perhaps it should be called "The Dubya and Tea Party Downgrade."