S&P Lowers America's Credit Rating
Obama Parties And Raises Campaign Contributions
Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time in our nations history. What does Barack Obama do? He parties while America suffers and our credit rating is lowered.
“Standard & Poor’s rating downgrade is a deeply troubling indicator of our country’s decline under President Obama,” Republican presidential candidate Mitt Romney said.
S&P has angered government officials with aggressive warnings during the past few months of a potential downgrade. S&P corrected its draft report Friday after Treasury raised concerns about the math.
After Obama signed the debt ceiling bill he did what he always does. He started again with his class warfare rhetoric. That rhetoric is getting old. The problem isn't that the millionaires and billionaires aren't paying enough taxes. It's Obama and a runaway government are spending too much.
America's debt problems and S&P's lowering of our credit rating didn't slow down Obama and his parties. He went to Chicago for a $38,000 a person fund raiser. Then he came back to Washington for a barbeque bash at the White House. Friday he had another fund raiser. This time a $71,600 per couple dinner in New York City..
These fund raisers are costing American taxpayers hundreds of thousands of dollars. Obama doesn't care. He doesn't seem to care that our credit rating has been lowered. He is partying and running up our debt. He hasn't done anything to alleviate the problem.
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