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Big Spenders in Washington—Not Tea Party— to Blame for Credit Downgrade
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Big Spenders in Washington—Not Tea Party— to Blame for Credit Downgrade

Lots of finger pointing has occurred following the first-ever downgrade of the United States credit rating last week. Numerous political figures, including Sen. Kerry (D-Mass.) and the Obama administration’s former chief advisor David Axelrod, blame the Tea Party for the Standards and Poor’s (S&P) downgrading the U.S. credit rating from AAA to AA+. Some media talking heads have even dubbed it the “Tea Party Downgrade.” The truth, however, tells an entirely different story.

08/11/2011