Democrats: Debt downgrade 'rests on the shoulders of Speaker McCarthy'

[LetMyPeopleVote]

Kevin McCarthy's surrender to the MAGA/Freedom Caucus had caused the US Debt rating to be downgraded. We appear headed to a government shutdown in the fall due to McCarthy's weakness/cowardliness.

Link to tweet

https://www.msnbc.com/rachel-maddow-show/maddowblog/dems-debt-downgrade-rests-shoulders-speaker-mccarthy-rcna97756

In early June, Fitch Ratings pointed to the “repeated political standoffs around the debt limit” as factors that “lower confidence” in U.S. governance. Evidently, the agency wasn’t kidding. NBC News reported:

Fitch downgraded its credit rating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters,” the rating agency said Tuesday. Fitch said the U.S. appeared to suffer from an “erosion of governance,” pointing to the Washington brinkmanship over the debt ceiling as an example.

If these circumstances sound at all familiar, it’s not your imagination: Exactly 12 years ago this week, a rival credit ratings agency, Standard & Poor’s, also downgraded U.S. debt in response to the original Republican debt ceiling crisis.....

But there’s also, of course, a political dimension to this. Republican officials have tried to argue that they’re not to blame for what happened, while Senate Majority Leader Chuck Schumer issued a written statement that read, “The downgrade by Fitch shows that House Republicans’ reckless brinksmanship and flirtation with default has negative consequences for the country.” The New York Democrat added, “Republicans need to learn from their mistakes and never push our country to the brink of default again.”.....

I can appreciate why GOP leaders want to avoid responsibility for this, but Democrats aren’t the ones who keep creating debt ceilings, and it wasn’t President Joe Biden who launched the Jan. 6 crisis.

The mystery surrounding who’s to blame for the downgrade isn’t a mystery at all.

[The Unmitigated Gall]

1. Sore-loser pukes

Would rather burn the whole thing down than work within the system.

Reap what you sow, motherfuckers.

[kimbutgar]

2. When you have a two party government

And one party is unhinged and wants the economy collapse so their magaloon cult leaders can become a dictator. I can see why ratings agency lowered our credit ratings.

Today’s repuke party has no love or loyalty to our constitution nor democracy. Their only masters are their rich corporate donors.