Left Rushs to Blame the GOP for S&P Downgrade

By: Erick Erickson (Diary)  |  August 5th at 09:06 PM  | 

The S&P has downgraded American credit from AAA to AA+, the first time in history. The left is scrambling to blame the GOP for this and is fixated on one paragraph Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this | Read More »