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To: SMGFan
While Ryan tried to pin the downgrade of the United States’ credit rating on spending under President Obama, the credit rating was actually downgraded because Republicans threatened not to raise the debt ceiling.

Paul Ryan was 100% telling the truth, and Sally Kohn is a lying piece of garbage.

Here is the link to the official statement put out by Standard & Poor's a year ago upon the downgrade. Money bullet points, emphasis mine:

-We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.

-We have also removed both the short- and long-term ratings from CreditWatch negative. The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

-More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

-Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.

-The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

Anyone can read this and very easily understand what a liar Sally Kohn is.

8 posted on 08/30/2012 5:33:54 AM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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To: jpl

So fair & balanced allows for letting liars to have their voice in “print”?


12 posted on 08/30/2012 5:36:08 AM PDT by SMGFan (SMGfan is not "Sub Machine Gun" fan)
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