Obamacare signed March 2010
S&P downgrade Aug 2011
Because we can't pay our bills.

Ryan's comment:
Obamacare, as much as anything else, explains why a presidency that
began with such anticipation now comes to such a disappointing close.

It began with a financial crisis; it ends with a job crisis.

It began with a housing crisis they alone didn't cause; it ends with a
housing crisis they didn't correct.

It began with a perfect Triple-A credit rating for the United States;
it ends with a downgraded America.

.

On Thu, Aug 30, 2012 at 12:05 PM, GMoney <gm0n3...@gmail.com> wrote:
>
> Yes, Moodys is definitely worried about our future potential to pay our
> debt.....everyone is. But, if the quesiton is "why was the US rating
> threatened with a downgrade in 2012", the answer is "because of political
> wrangling over the raising of the debt ceiling. Of which Ryan was a key
> player.
>
> That fact cannot be denied.
>

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