Washington Suffers from “Muddled Thinking”
WASHINGTON, D.C. – Today the Tea Party Patriots, the nation’s largest tea party organization, pointed to government overspending and a lack of leadership in Washington as the cause of Standard and Poor’s first-ever downgrade of American credit from AAA to AA+ on Friday. Over the weekend, the U.S. Treasury Department disputed the decision, saying that there was “no justifiable rationale” for downgrading the nation’s credit rating.
“If overspending America to the brink of bankruptcy is ‘no justifiable rationale’ for downgrading a credit rating, then what is?” asked Mark Meckler, National Coordinator of Tea Party Patriots. “Clearly this government still doesn’t get it. Even the communist Chinese get it.”
An editorial in the state-run Xinhua newswire on Saturday slammed America for its “mounting debts,” saying that Beijing “has every right now to demand the United States to address its structural debt problems” and that “all Americans, both beltway politicians and those on Main Street, have to do some serious soul-searching to bring their country back from a potential financial abyss.”
“When Washington DC gets slammed from the right by communists, you know we have a problem with our leadership,” said Meckler. “Their muddled thinking comes from a lack of leadership that has failed to face our debt problems or corral overspending.”
Standard and Poor’s has signaled that they could further cut America’s credit rating down to AA within two years if America fails to get its fiscal house in order.
“This is a self-inflicted wound on the American Dream,” said Jenny Beth Martin, National Coordinator of Tea Party Patriots. “Not just on us, but on future generations of Americans.
“In times of crisis, great leaders take responsibility,” continued Martin. “So, who will take responsibility for our nation’s debt and overspending? Which leaders will step up and say ‘the buck stops here?’ Who is willing to tell the truth to the American people?
Tea Party Patriots is a national grassroots coalition with more than 3,500 locally organized chapters and more than 15 million supporters nationwide. Tea Party Patriots is a non-profit, non-partisan organization dedicated to promoting the principles of fiscal responsibility, constitutionally limited government, and free markets. Visit Tea Party Patriots online at www.TeaPartyPatriots.org.
For further information, please contact Jameson Cunningham with Shirley & Banister Public Affairs at (703) 739-5920 or (800) 536-5920.