By Dave Eberhart
U.S. House Speaker John Boehner, R-Ohio, reacted to the news of Standard & Poor’s downgrade of the U.S.’s credit rating on Friday night, saying, “This decision by S&P is the latest consequence of the out-of-control spending that has taken place in Washington for decades.” He added that “the spending binge has resulted in job-destroying economic uncertainty and now threatens to send destructive ripple effects across our credit markets.”
Boehner made these remarks within a a broader statement distributed in a press release after the long-term credit rating slipped to AA+:
“This decision by S&P is the latest consequence of the out-of-control spending that has taken place in Washington for decades. The spending binge has resulted in job-destroying economic uncertainty and now threatens to send destructive ripple effects across our credit markets.
“Republicans have listened to the voices of the American people and worked to bring the spending binge to a halt. We are no longer debating how much to spend, but rather how much to cut. Unfortunately, decades of reckless spending cannot be reversed immediately, especially when the Democrats who run Washington remain unwilling to make the tough choices required to put America on solid ground,” he argued.
August 6, 2011 | Categories: 2012 Election, Agency Regulation, America's Freedoms, Cloward and Piven Strategy, Congress, Constitutional Responsibilities, Corruption, Corruption in Government, Deficit, Economic Security, Economic Terrorism, Election 2012, Elections Politics, EPA Regulations, Excessive Government Spending, Federal Reserve Bank, Government, Healthcare, House of Representatives, Jobs, Liberals Big Spending and Taxes, Manufactured Crisis, Most Americans Reject Socialism, National Debt, National Security, New Media News, Politically Intentioned Crisis, Politics, POTUS Elibility Issue, Propaganda, Smaller Government, Tea Party Conservatives, TEA Taxed Enough Already, The Economy, The Environment, Treason, Unemployment | Tags: blames Democrats, Budget Control Act, cloward and piven strategy, credit downgrade, CRISIS MONGERING by liberals, progressive socialist agenda, Speaker John Boehner, tax and spend liberals, wake-up call | Leave A Comment »