Posted by | August 6, 2011 17:41 | Filed under: Top Stories

Standard and Poor’s said this:

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.

Senate Minority Leader Mitch McConnell said this:

“I think some of our members may have thought the default issue was a hostage you might take a chance at shooting. Most of us didn’t think that. What we did learn is this — it’s a hostage that’s worth ransoming. And it focuses the Congress on something that must be done.”

Remember this when Republicans claim victory.

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Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.