This decision by S&P is the latest consequence of the out-of-control spending that has taken place in Washington for decades. The spending binge has resulted in job-destroying economic uncertainty and now threatens to send destructive ripple effects across our credit markets.
John Boehner: “This decision by S&P is the latest consequence of the out-of-control spending that has taken place in Washington for…”
On the recordAugust 7, 2011
Source
transcripts.cnn.comEditor's note · Context
Boehner attributes the S&P downgrade to excessive spending in Washington.
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