S&P: Debt default skeptics (in other words the Tea Party) fueled ratings downgrade

In the recent GOP debate, Michelle Bachmann insisted that the Standard and Poors downgrade proved that she was right to oppose raising the debt ceiling, saying:

“I think we just heard from Standard & Poor’s. When they dropped — when they dropped our credit rating, what they said is, we don’t have an ability to repay our debt. That’s what the final word was from them.

“I was proved right in my position: We should not have raised the debt ceiling. And instead, we should have cut government spending, which was not done. And then we needed to get — get our spending priorities in order.”

Unfortunately for this mental midget, S&P clarified this point, saying that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default — a position put forth by some Republicans, the most vocal among them, Bachmann.


Either Bachmann is delusional, or unashamed to lie to the people. Either way, she is done.