Tea Partiers Celebrating U.S. Credit Rating Downgrade

Lauri Apple · 08/07/11 10:33PM

Obama adviser David Axelrod has started calling Standard & Poor's major diss of America's credit rating the "Tea Party downgrade," which certainly sounds like an insult against the Tea Party. Yet the Partiers themselves seem to be embracing Axelrod's wannabe-pejorative as a compliment.

U.S. Credit Rating Downgraded for First Time

Max Read · 08/06/11 08:48AM

When you woke up this morning, did everything seem a little less... reliable? It did, didn't it? That's because credit ratings agency Standard & Poor's no longer regards the U.S. as a risk-free borrower, despite a $2 trillion error in its initial accounting.

Moody's Puts U.S. Credit Rating Under Review

Jim Newell · 07/13/11 04:52PM

The idiots who decided to extort the debt ceiling for their ideological demands, because they're incapable of making their non-arguments persuasively enough in the usual court of public opinion, are not getting nearly enough shit for their psychotic, economically illiterate actions. Now the United States has the credit rating agency Moody's on its ass and is placing the government's debt rating under review — not over the manageability or size of the debt, but thanks this completely artificial statutory number.