One Pagers

Tea Party Downgrade

August 08, 2011 9:10 am ET

While Republicans in Washington try to shift the blame for Standard and Poor's first-in-history downgrade of the United States' credit rating, Republican politicians in Wisconsin face recall elections tomorrow for the same irresponsible behavior that led to our downgrade: putting tax breaks for millionaires ahead of what's best for ordinary Americans. The people of Wisconsin are speaking out and leading the way.


We have a choice: take away millionaire tax breaks or take away more middle-class American jobs. 

Connect: We've all had enough of reckless political brinkmanship -- we need responsible leaders who put our jobs above theirs.

Define: Republicans in Congress threatened us with economic disaster to protect millionaires from paying a dime more in taxes -- and they say they'll do it again.

Illustrate: Their recklessness brought us this Tea Party downgrade, and it's brought us to the brink of a Tea Party recession.  

Offer solutions: It doesn't have to be this way. We can get rid of massive tax giveaways for millionaires and use that money to pay Americans who keep our country running.

Core values: America works best when we value working people.


"Democrats are responsible for the credit downgrade
and the political gridlock."

"This downgrade is the result of out-of-control spending."

  • We need to rebalance our books, but more spending cuts mean laying off more Americans -- and that means less customers in our stores. The best way to reduce the deficit is to put Americans back to work, and that should be our top priority.
  • Republican policies under Bush exploded government spending, more than doubled our national debt, and created the trillions in deficits that we're still dealing with today. 3 out of every 4 dollars of our nation's debt are the result of Republican policies.

"We don't need or want tax increases to get our fiscal house in order."





  • The credit downgrade is a rebuke of political brinkmanship. We have lower debt loads than other countries that still have their perfect AAA ratings. The truth is that our country has the ability to pay all our bills and responsibly manage our debt, if our elected leaders choose to.
  • We should keep in mind that S&P helped cause the 2008 financial crisis. They got paid by the big banks to award their AAA-stamp of approval to all manner of financial products that were actually of terrible quality and crashed our economy when they went bad. Also, the initial S&P downgrade document included a "$2 trillion mistake."
  • Republican leaders are touting their tactic of refusing to pay our bills in order to get what they want as "a new way of doing business in Washington."

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Posted in - Economy

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