Greta Van Susteren interviews 2012 Republican Presidential candidate U.S. Congresswoman Michele Bachmann (R-MN) about Standard & Poor’s (S&P) downgrade of the U.S. credit rating.
“Tonight’s decision, Greta, by S & P to downgrade our credit rating to a AA+ is historically significant. It’s a very serious event for the United States because our country has had a AAA rating since 1917. That rating has never been downgraded. It has endured the Great Depression, World War II, Korea, Vietnam and the terrorist attacks on 911.
This President has destroyed the credit rating of the United States through failed economic policies and his inability to control government spending by once again raising the debt ceiling.
We were warned by all the credit agencies that a failure to deal with the debt would lead to this downgrade in our credit rating but instead, the President submitted a budget that had a 1.5 trillion dollar deficit. Then he requested a 2.4 trillion dollar blank-check on top of that. President Obama is destroying the foundations of our economy one beam at a time.
I call on the President to seek the immediate resignation of the Treasury Secretary Tim Geithner and to submit a plan with his list of cuts that balance the budget this year. Turn the economy around and put our people back to work.
I’m very concerned that the administration, tomorrow, might look for anyone else to blame. They may blame the TEA Party. They may blame the ratings agency or anyone else. They knew this was coming this year in January but they didn’t write a plan and they still don’t have a plan.”
You can see the interview in the video below.
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