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Tuesday, October 5, 2021
Mitch McConnell is an Economic Terrorist
The debt ceiling was raised three times during the last presidency without any fuss. That's because Republicans are all for deficit spending when they have the helm.
But now that there's a Democrat in the White House, the Republicans are back to holding the economy hostage. McConnell pulled this same stupid shit in 2011 and, as a result of the threat of instability caused by his tactics, America's credit-worthiness dropped from AAA status. Every time since then, when McConnell and his Party of Stupid floats the risk of a default and economic instability, our nation credit rating goes down.
So, if the national credit rating goes down again, national borrowing costs climb and there is economic instability as a result: Thank a Republican.
1 comment:
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COMMENT MODERATION IS IN EFFECT UFN. This means that if you are an insulting dick, nobody will ever see it.
Listen, we fought in world war one already. The debt ceiling has been a dangerous, useless relic of a political stunt for more than a century. Kill it dead. Now.
ReplyDelete-Doug in Sugar Pine