From The Hill: Standard & Poor's decision to downgrade the nation's credit rating reinforces Democrats' call for increasing tax revenue, Senate Majority Leader Harry Reid (D-Nev.) said Friday.
In a statement, Reid said:
The action by S&P reaffirms the need for a balanced approach to deficit reduction that combines spending cuts with revenue-raising measures like closing taxpayer-funded giveaways to billionaires, oil companies and corporate jet owners. This makes the work of the joint committee all the more important, and shows why leaders should appoint members who will approach the committee’s work with an open mind - instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding.
http://thehill.com/blogs/blog-briefing-room/news/175741-reid-sap-downgrade-backs-dems-call-for-more-revenue
Umm, Crybaby Reid, the S&P never said they wanted tax increases. Not one word. Only an incompetent, senile Socialist Democrat Senator would read that S&P demanded higher taxes.
This is what S&P said "
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 firm wrote in its announcement. "The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge."
http://thehill.com/blogs/on-the-money/801-economy/175735-sap-downgrades-us-credit-rating
And Crybaby Reid said that S&P demanded taxes be raised? Crybaby Reid, learn to read, learn to comprehend and learn not to steal money from others.
Crybaby Harry Reid incompetence as a Senator and Majority Leader is an embarrassment to the people of Nevada and to the citizens of the United States.
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