Nobody was more excited about default than
Michele Bachmann (Larry Downing/Reuters)
Lunacy has consequences:
A Standard & Poor’s director said for the first time Thursday 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.
Without specifically mentioning Republicans, S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.
“That a country even has such voices, albeit a minority, is something notable,” he added. “This kind of rhetoric is not common amongst AAA sovereigns.”
So Republican tea partiers went crazy, took the economy hostage, and even though they got everything they wanted (because Democrats, including President Obama, couldn't or wouldn't stop them in 2010 when they had the chance), the American public still paid the price. Thanks, GOP.