Of course, she is blithely ignoring the actual statement from Standard and Poors, which cites our inability to generate revenue due to the intractability of the Republicans in office on fiscal issues. Essentially, we are unable to settle our debt because the GOP refuses to allow revenue-raising taxes to be imposed:
"We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act."
The downgrade of our credit rating is a complicated and important issue, but the heart of the matter remains that our reputation and fiscal solvency is being driven into the dirt in order to protect the richest 10% of Americans from paying their taxes. This is disgusting.
Don't forget, the last time she opined on this situation, she basically said, "What's the big deal? We'll just print more money."
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