Republicans think the US Government works like Todd Akin’s concept of a raped woman’s uterus: When threatened by increased spending, ‘the whole thing shuts down.’
In the wake of the debt deal in August 2011, Senate Minority Leader Mitch McConnell admitted that the Republican Party took America hostage to get their way and said they would do it again
The credit score (FICO) has gotten out of control. It was meant to assess risk when lending someone money. That’s it. It’s now morphed into assessing risk for renting apartments and getting a job. Two things a lot of people desperately need. The funny thing about FICO is that it failed miserably at what is was born to do.
Just 12 days after downgrading U.S. credit ratings, the news breaks that Standard and Poor’s may soon be dragged into U.S. federal court.
ABC News has just reported that the federal government expects the pristine AAA credit rating of the United States to be downgraded. According to a government official, Standard & Poors is going to downgrade the credit rating of the U.S. Government. Among the reasons cited will be ‘Republicans saying that they refuse to accept any tax increases as part of a larger deal.’
