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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="Babagounj" data-source="post: 864346" data-attributes="member: 12952"><p><img src="http://weaselzippers.us/wp-content/uploads/2011/08/newyorktimeslogo.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p>You know it’s been bad when even far-left NYT op-ed writers are apologizing.</p><p><strong>NYT Op-Ed Columnist, <strong>Joe Nocera</strong></strong></p><p><strong><strong></strong></strong> . .That anger reached its apex on Tuesday, when <a href="http://www.nytimes.com/2011/08/02/opinion/the-tea-partys-war-on-america.html?_r=2&partner=rssnyt&emc=rss" target="_blank">I wrote a column</a> comparing the Tea Party Republicans to terrorists. The words I chose were intemperate and offensive to many, and I’ve been roundly criticized.</p><p> I was a hypocrite, the critics said, for using such language when on other occasions I’ve called for a more civil politics.</p><p> <strong>In the cool light of day, I agree with them.</strong></p><p> <strong>I apologize.</strong></p><p></p><p>I still think it was terribly wrong for the Republicans to use the threat of default to insist on massive spending cuts, though President Obama also deserves blame for playing his hand so poorly. </p><p>Putting on my pragmatist hat again, I also think Congress could not have chosen a worse time to rein in spending. Yes, the country’s enormous debt — and the entitlement programs that are driving the federal deficit — needs to be brought under control. . . .</p><p></p><p>Undoubtedly, I’ll write columns about those negotiations.<strong> But I won’t be calling anybody names</strong>. That I can promise.</p><p></p></blockquote><p></p>
[QUOTE="Babagounj, post: 864346, member: 12952"] [IMG]http://weaselzippers.us/wp-content/uploads/2011/08/newyorktimeslogo.jpg[/IMG] You know it’s been bad when even far-left NYT op-ed writers are apologizing. [B]NYT Op-Ed Columnist, [B]Joe Nocera [/B][/B] . .That anger reached its apex on Tuesday, when [URL="http://www.nytimes.com/2011/08/02/opinion/the-tea-partys-war-on-america.html?_r=2&partner=rssnyt&emc=rss"]I wrote a column[/URL] comparing the Tea Party Republicans to terrorists. The words I chose were intemperate and offensive to many, and I’ve been roundly criticized. I was a hypocrite, the critics said, for using such language when on other occasions I’ve called for a more civil politics. [B]In the cool light of day, I agree with them. I apologize.[/B] I still think it was terribly wrong for the Republicans to use the threat of default to insist on massive spending cuts, though President Obama also deserves blame for playing his hand so poorly. Putting on my pragmatist hat again, I also think Congress could not have chosen a worse time to rein in spending. Yes, the country’s enormous debt — and the entitlement programs that are driving the federal deficit — needs to be brought under control. . . . Undoubtedly, I’ll write columns about those negotiations.[B] But I won’t be calling anybody names[/B]. That I can promise. [B][/B] [/QUOTE]
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