"If you're trying to change minds and influence people it's probably not a good idea to say that virtually all elected Democrats are liars, but what the hell."
Saturday, July 30, 2011
But in a phone call Friday evening,
McConnell told Reid he wanted the White House at the table and
expressed frustration that President Obama had rejected an emerging
compromise between the two Senate leaders last weekend. Aides said
McConnell expected to speak with administration officials Friday night
and tamped down talk of an impasse. But Senate Democratic leaders
reacted with outrage, accusing McConnell of blocking a deal.
Without such an agreement, Obama warned that the United States
stands to lose its sterling AAA credit rating — “not because we didn’t
have the capacity to pay our bills. We do. But because we didn’t have a
triple-A political system to match our triple-A credit rating.
leaders struggle to work out bipartisan debt deal
The "limited magnitude" of both debt
plans put forward by congressional leaders would not put the nation's
AAA credit rating back on solid footing, Moody's Investors Service
"Reductions of the
magnitude now being proposed, if adopted, would likely lead Moody's to
adopt a negative outlook on the AAA rating," the credit rating agency
said in a new report. "The chances of a significant improvement in the
long-term credit profile of the government coming from deficit
reductions of the magnitude proposed in either plan are not high."