I think one of the reasons is the S & P. The politicians knew this was coming, and I think they HOPED that it would delay the downgrade. Ed Morissey made this point...that Republicans would have been blamed for the downgrade (which would have happened on Wed) if nothing had been done. As it is now, my hope is that the debate on REAL spending cuts can begin because ultimately S & P have said it’s all about the debt and entitlements...and tax increases won’t make a dent in that. I DO believe that the if Cut, Cap and Balance had passed, we wouldn’t have been downgraded...and that’s something that the republicans should NOW try to get off the table and passed in the Senate.
How can anyone in his right mind hope that adding trillions more to the already nation crushing debt would enhance our credit rating? Sheer lunacy.
Needs to be tattooed to their foreheads:
IT’S THE SPENDING, STUPID!!
And the Republicans are already being blamed. So friggin what? They’re going to get blamed anyway, no matter what!
They had a chance to HOLD THE LINE!! They punted. Worse, they surrendered our tea party power in the House!!
RINOS are going to PAY for their cowardly treason!!
Rebellion is brewing!!