With Standard & Poor’s downgrading the credit rating of the United states down from AAA to AA+, Democrats took to the Sunday talk shows to put the blame on Tea Party Republicans.
Former Presidential candidate and current US Senator John Kerry as well as former adviser to President Obama, David Axelrod, took jabs at the Tea Party, calling the S&P downgrade a “Tea Party downgrade”.
“The Tea Party brought us to the brink of a default,” Axelrod said on CBS’s Face The Nation. “For months, the president was saying, let’s get together, let’s compromise,” Axelrod said. “We thought we had such an arrangement with the Speaker of the House … then he went back to his caucus; he had to yield to the most strident voices in his party. They played brinkmanship with the full faith and credit of the United States. This was the result in that.”
Former DNC chairman Howard Dean, also on Face The Nation, echoed the statements by Axelrod. “I think they’re totally unreasonable and doctrinaire and not founded in reality,” Dean said. “I think they’ve been smoking some of that tea, not just drinking it.”
Senator Kerry of Massachusetts also weighed in Sunday on NBC’s Meet the Press. “I believe this is, without question, the ‘Tea Party downgrade,'” Kerry said. “This is the Tea Party downgrade because a minority of people in the House of Representatives countered even the will of many Republicans in the United States Senate who were prepared to do a bigger deal” of at least $4 trillion that included a mix of reductions, entitlement reforms and revenue enhancement.
David Beers, who heads up the S&P government debt rating unit, however, defended taking part in the downgrade on FOX News, but didn’t play the partisan blame game.
Beers noted that he feels that both President Obama’s administration as well as Congress were both responsible. “[The downgrade] is really not about either political party,” Beers said. “It’s about the difficulty of all sides in finding, you know, a consensus around fiscal policy choices, now and in the future.”
Late Friday, S&P downgraded the US’s credit line for the first time in history because the recent deficit reduction plan wasn’t enough to stabilize the debt of the country. Previously, John Chambers, head of sovereign ratings, said that a “good start” in the debt cuts would be around $4 trillion, which is a little less than half of the $2.4 trillion that was eventually signed by President Obama.