“The downgrade by S&P of our debt from ‘AAA’ to’ AA+’ is a serious event that will impact all Hoosiers and Americans. Financial markets will open this coming Monday to see the United States with a credit rating of less than ‘AAA’ for the first time ever. How the markets will respond is impossible to predict.Not good.
“S&P’s downgrade illustrates its viewpoint of our entire economy, not just the government’s ability to pay its bills. In mandating its downgrade, S&P, in effect, is stating that they have less confidence in the United States’ economy to grow and recover in the long run. They believe the United States is losing the ability to create the wealth, which is the basis of the taxes the government needs to pay its bills.
“Conservatives have said for years that the federal government must be forced to live within its means. I take some consolation that S&P has now echoed our call.”Amen, brother.
Meanwhile, Lugar is out asking Democrats and independents to cross over and vote for him in Indiana's open primary. Sheesh.
Endorsed by Mark Levin, Sarah Palin, Rick Santorum, Michelle Malkin and a host of other conservatives, State Treasurer Mourdock has the right stuff to make a difference in Washington. Best of luck Tuesday to Richard Mourdock.