When Clinton left office, the debt to GDP ratio was 57%. When Bush left office (eight years later), the ratio was 69%. After 2.5 years of the Obama/Mugabe Rule the ratio is 97%.
The Senate has not had a budget for more than 800+ days. Obama, after being warned by the rating agencies proposed such an irresponsible budget that it was voted down by the Reid Senate by 97-0.
Obama’s best buddies, Pelosie and Reid have had control of the House and Senate from January 1 2007. He and his fellow Democrats have been in control of the purse for 4+ years now.
The Repubs have had the House for just 7 months now. They have passed the Ryan bill which Obama attacked ferociously. The House passed the CC&B bill that was tabled by the Senate and was declared DOA by Obama. How is this fiscal mess the Republicans’ fault?
OBAMA/Kerry = EPIC FAIL
Yes, and these asses will blame the Tea Party for the next downgrade too:
Check this news item below from msnbc.com
S&P Exec: Another Downgrade For US Possible
Because of gridlock, debt, puts chance at 1 in 4 in next two years
By Jackie Frank
WASHINGTON — Standard & Poor’s managing director John Chambers said on Sunday there is a one in three chance of a further U.S. credit rating downgrade over the next six months to two years.
“We have a negative outlook ... from six months to 24 months,” he said on ABC’s “This Week.”
“And if the fiscal position of the United States deteriorates further or if the political gridlock becomes more entrenched, then that could lead to a downgrade. The outlook indicates at least a one in three chance of a downgrade over that period.”
Chambers said that it would take some time for the United States to recover its AAA rating.