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About This Document: This downgrade is deeply deserved. For no one really believes the United States is going to pay its creditors back the $14 trillion it owes them, or the $21 trillion it will owe them at decades end, with dollars of the same value as those that the United States is borrowing today."I believe this is, without question, the 'Tea Party downgrade"' says Sen. John Kerry. How so? Because the Tea Party blocked the big deal President Obama sought to cut with House Speaker John Boehner to resolve the deficit-debt crisis.Indeed, if Obama announced tomorrow that he was going to cut future spending on entitlements by $3 trillion to restore our AAA credit rating, he would have the full support of the Tea Party. His opposition would come from Kerry's colleagues in the Senate and Nancy Pelosi's in the House.

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12/01/11

Categories: DocStore > Periodicals > Social Sciences
Tags: American Conservative, Sep 2011, Obama's Downgrade, Buchanan, Patrick J, Feature, Presidents, Political behavior, Economic crisis, Social criticism & satire, Political parties, United States--US, Obama, Barack

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