While Standard & Poor’s was contemplating and eventually lowering the US credit rating for the first time in history because of our politician’s failures to properly address the situation, Republican House leader John Boehner was telling us that he got 98% of what he wanted from the debt ceiling bill that eventually led to the credit downgrade.
When you look at this final agreement that we came to with the white House, I got 98 percent of what I wanted. I’m pretty happy.
The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy.
So Mr Speaker was the downgrade part of the 2% you didn’t get or the 98% you did especially in light of Senator Mitch McConnell’s well publicized comments on how the GOP’s single most important mission was to ensure Barack Obama was a one term president?