Posted by | August 7, 2011 13:29 | Filed under: Top Stories

The U.S. Chamber of Commerce says it disagrees with Standard and Poor’s downgrading of America’s AAA status.

“While we don’t agree with S&P’s decision to downgrade America’s credit rating, its action should be another powerful incentive for lawmakers to do the hard work necessary to get our fiscal house in order,” the group’s president, Thomas Donohue, said in a statement.

“We will never tackle debts and deficits, jumpstart this recovery, reduce uncertainty, and create millions of jobs until we overhaul our tax code and reform runaway entitlement programs that threaten to push us into insolvency.”

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Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.