05 August 2011

U.S. credit rating downgraded

People like to be in the public eye. It makes them feel important.

They like to be a part of history.

Well, congratulations, Congress.

You made history. You will be remembered as the first legislators in United States history to allow the country's credit rating to be downgraded.

Standard & Poor, the agency that lowered the rating, cited the current political atmosphere in Washington, D.C. as a reason, issuing a statement saying the rating was because "of the difficulties of bridging the gulf between the political parties" over a credible deficit reduction plan.

So, thank you, Speaker of the House John Boehner, for your loyalty to your party rather than your country. In an attempt to sway voters away from the present administration in 2012, Boehner, his fellow Republicans and the renegade Tea Party members stonewalled a measure to hike the debt ceiling. They dragged their feet in writing the bill, picking away at philosophical issues rather than real world urgencies.