Boehner blames S&P downgrade on ‘out-of-control spending’

In as statement issued late Friday night, Speaker of the House John Boehner called a decision by Standard & Poor’s to downgrade the U.S. credit rating for the first time since 1917 “the latest consequence of the out-of-control spending” that “has resulted in job-destroying economic uncertainty and now threatens to send destructive ripple effects across our credit markets.”

“Republicans have listened to the voices of the American people and worked to bring the spending binge to a halt,” Boehner said “We are no longer debating how much to spend, but rather how much to cut. Unfortunately, decades of reckless spending cannot be reversed immediately, especially when the Democrats who run Washington remain unwilling to make the tough choices required to put America on solid ground.

“In May, I warned, ‘if we don’t act boldly now, the markets will act for us very soon. It is my hope this wake-up call will convince Washington Democrats that they can no longer afford to tinker around the edges of our long-term debt problem. As S&P noted, reforming and preserving our entitlement programs is the ‘key to long-term fiscal sustainability.'”

  • Anonymous

    Who-o-o did it?  It is what it is.  The bill was due and Obama didn’t pay up.  Nobody wants his IOUs.  What ya gonna do, Eddie?  Wull, I’m gonna increase my revenues.  I bringing my gun, Treasury and Trumka. 

  • Voters Ofny

    Stop the BS, all of you. You politicians suck. You played along with the Democraps in scaring the cr@p out of us for nothing. Boehner and McConnell should step down. You’re as bad as the Democraps and as useless. As for me, I’m not voting any more. I’m sick of you useless Republicans failing to represent the will of the people. No move voting and no more money. That’s just what Obozo wants, Republican voters to stay home. What a bunch of losers. And where were all the Republican candidate voices for the past 3 weeks? Yeah, screw you all, we’ve had it.

  • Liberalsareblind

    Salary of the US President ……………..$400,000
    Salary of retired US Presidents ………..$180,000
    Salary of House/Senate …………………$174,000
    Salary of Speaker of the House ……….$223,500
    Salary of Majority/Minority Leaders …. $193,400
    Average Salary of Soldier DEPLOYED IN IRAQ $38,000
    It’s clear that we have a spending problem in this country!  And here is a perfect place to start.  

    • Voters Ofny

      And that’s the money they get as a salary for doing a cr@ppy job. What about all the money they are stealing behind our backs. Almost every single Senator is a multimillionaire. Many House members too. How do you get all that money so fast with salaries like that? Who’s kidding who? You’re all GD thieves.

  • deimos

    that’s the first step, admitting you have a problem. now do something about it you fool.

  • Liberalsareblind


    The Republicans saw this disaster coming as soon as
    Obama got elected.  Most conservatives were smart enough to see that Obama
    was nothing but a wolf in sheep’s clothing.  Unfortunately, about 52% of
    Americans were too stupid to see the wolf before they got devoured. Obama
    portrayed himself as a moderate before he got elected, when in fact he is a
    hardcore socialist, who frequently borders on outright communistic thought.


    Unfortunately, like a spoiled child, the Democrats have learned that he
    who throws the biggest temper tantrum in this country gets his way.  In
    this case, the Democrats threw the biggest temper tantrum last week with the
    debt deal, and they got their way.  As the S&P has made abundantly
    clear, the Democrat plan that was put in place fell 1.5 trillion dollars short
    of their expectations.  On the other hand, the Republicans were too
    cowardly to say “no” to the Democrats and their fu(king temper
    tantrums.  I’m sick and tried of Republican politicians who are too
    cowardly to say “no” to liberals!    

  • Meedaw

    I don’t know which is worse, The Democrats who seem unaware of the damage the out-of-control spending was doing to our economy and fought so hard to maintain, or the Republicans who claimed to see the upcoming disaster and were unwilling to force the needed spending cuts.

  • KGC

    I think the words of two of America’s greatest thinkers, Thomas Jefferson and Henry David Thoreau, are, in light of where we stand as a country today, worth remembering…

    “We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds…[we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers… 

    And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for [another ]… till the bulk of society is reduced to be mere automatons of misery… And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” — Thomas Jefferson

    “There will never be a really free and enlightened state until the state comes to recognize the individual as a higher and independent power, from which all its own power and authority are derived, and treats him accordingly” — Henry David Thoreau

    We are well-served to think on, remember, and act on the words of these two great Americans.