Tea Party Hostage taking produces debt rating downgrade

The inability of the U.S. government to operate rationally, as demonstrated in the recent hostage crisis over the raising of the debt ceiling, has led to the first ever downgrading of U.S. Credit Rating.  This may cost the gov. states, and counties, and individuals, billions in interest on credit.
The Republican Party has managed to not only stop any recovery during Obama's first term, but they have  also crippled the United States of America's economy despite only controlling the House of Representatives and half of our state Governments. They know how to abuse power.

Standard and Poor.  United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative

* We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.
* We have also removed both the short- and long-term ratings from CreditWatch negative.
* The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.
* More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.
See video in the post below.