Quantcast

Web Letters | The Nation

GOP Causes S&P Downgrade, but Republican Candidates Blame Obama

Not the Republicans’ fault

When the Republicans were last in control of congress (2007) the annual budget deficit was $161 billion. It was not until the Democrats took control of both houses of Congress and the White House in 2008 that the deficit began its upward spiral to where it is presently. The Republicans simply did not have the numbers to affect anything anyway. All of the disastrous spending was conducted by the Democrats with nearly universal opposition by Republicans. The recent credit downgrade was based entirely on this fiscal situation and had nothing to do with the debt ceiling debate. It is profoundly dishonest or profoundly ignorant to place any blame on Republicans and even more absurd to blame the Tea Party. The Democrats have had hegemonic control over fiscal matters in this country for nearly four years. It is their policies and theirs alone that have led to the current disaster. The only thing worse is that there could be one person in this nation who believes otherwise.

Jim Metras

Tucson, AZ

Aug 8 2011 - 8:49pm