Welcome! Login | Register
 

Sky Chiefs Bounce Back, Roll Spirit 119-109—Sky Chiefs bounce back with 119-109 win over…

25 Great Last Minute Local Gifts in RI—Still haven’t finished your Christmas shopping? Check out…

NEW: RWU Moving into Former 38 Studios Offices in Providence—Roger Williams University has agreed to a 12-year…

Guest MINDSETTER™ Justin Katz: Edwards Dances Around the Fact That I’m Right—It’s tempting to go line by line through…

Friars Top UMass 85-65 in Saturday Matinee at The Dunk—Friars beat UMass 85-65 at Dunkin Donuts Center

Sky Chiefs to Host Holiday Hoops Clinic at Providence Country Day—Sky Chiefs to host hoops clinic at Providence…

Second Half Defensive Lockdown Leads Rams Past Detroit 69-55—Rams shut down Detroit in second half, win…

Americans Identifying Race Relations as a Top Issue Sharply Rises According to Gallup Poll—Gallup released results from a new poll on…

NEW: Mayor-Elect Elorza Retains Public Safety Commissioner and Chief of Police—Elorza today announced his decision to retain Public…

NEW: Brown University Names Cliatt New VP for Communications—Brown Names Cass Cliatt VP for Communications

 
 

poll: Who is to Blame for Debt Ceiling Disaster?

Thursday, July 28, 2011

 

Who is to Blame for Debt Ceiling Disaster?


US Markets Down 1.6% Weds

The stock market dropped 1.6% on Wednesday, the rating agency's may down grade US bonds, and there are just a few days before the United States may default on its debt. The battle has been ongoing for months between Democrats and Republicans and Tea Party members with Republicans, and Conservatives with Progressives. Who is responsible for the crisis?

The White House issued a statement on late Monday, "Now, faced with the “my way or the highway,” short-term approach of the House Republicans, Senator Reid has put forward a responsible compromise that cuts spending in a way that protects critical investments and does not harm the economic recovery."

Not to be outdone, House Speaker John Boehner said Tuesday on the Laura Ingram Show, “Listen, it’s time to do what is doable, and this bill isn’t perfect. … That’s what happens when you have a Democrat-controlled Senate and a Democrat in the white House. This bill was agreed to by the bipartisan Senate leadership, and we believe we can get this on the president’s desk, and make it law. Listen, we're not going to give him a $2.5 trillion blank check that lets him continue his spending binge through the next election. That’s not going to happen.”

Who is most responsible for the crisis? If the US goes into default - who deserves the blame?

 

Related Articles

 

Enjoy this post? Share it with others.

 
 
:)