Kessler needs to check his “facts.” S&P says the debt ceiling increase is directly related to the inability of Congress to solve the problem of the rising debt burden. This is the point that Bachmann is making.
Post “Fact Checker” Ignores Facts in Bachmann Hit Piece
Cliff Kincaid — August 11, 2011
The media attacks on Rep. Michele Bachmann never end. Glenn Kessler, the so-called “Fact Checker” at The Washington Post, says Bachmann is wrong in claiming that the Standard & Poor’s downgrade of the U.S. is related to Congress raising the U.S. debt limit. Bachmann is guilty of perpetuating a “myth,” Kessler says.
He goes on, “…Bachmann’s larger point is that the market turmoil is a direct result of raising the debt limit—and that Standard & Poor’s lowered its AAA rating on U.S. Treasury bonds because the debt ceiling was increased. This is incorrect.”
Kessler needs to check his “facts.” S&P says the debt ceiling increase is directly related to the inability of Congress to solve the problem of the rising debt burden. This is the point that Bachmann is making.
The headline over the S&P report refers, in part, to the “rising debt burden,” a direct result of the bipartisan deal that raised the debt limit. The report says, “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.”
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