There is one faction in America that seems serious about cutting spending and reducing the debt. The Tea Party. S&P downgraded our rating because of our enormous debt and no apparent plan to reduce it. So, of course, some Democrats are blaming the Tea Party for the downgrade.
“I believe this is, without question, the tea party downgrade,” Sen. John F. Kerry, Massachusetts Democrat, said on NBC’s “Meet the Press” on Sunday, a day that also saw mounting anxieties in world markets over the downgrade among myriad other economic woes worldwide. Some of the world’s top financial ministers issued a joint statement Sunday night committing themselves to preserve the stability of financial markets and their economies.
David Axelrod, a former senior adviser to President Obama, used the exact same phrase in dubbing the credit rating drop the “tea party downgrade,” as Democrats tried to position themselves as reasonable, pragmatic leaders and conservative Republicans as irresponsible ideologues who caused the downgrade by refusing to accept any new taxes.
Read the full story, here.
It would be fun to take a trip through their brains, just to try to understand how they work. A rollercoaster ride of logic, I’m sure.