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The Tea Party Tax Assessment

by: Zappatero

Mon Aug 08, 2011 at 08:09:40 AM MST


( - promoted by Fong)

Republican Tea Party members of the House decided it would be good politics to play chicken with the nation's debt.

The resulting S&P downgrade of our credit rating has caused stock markets around the world to lose value and start invoking panic rules.

Your personal finances, your home values, your pensions and 401k's and IRAs have just been assessed those losses and you will most likely never make that money back.

You can thank reactionaries of The Tea Party, including local Geniuses like Doug Lamborn, almost entirely for this loss of wealth.

Zappatero :: The Tea Party Tax Assessment
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And, if You're Trying to Sell Real Estate, Mortgage Rates Will Rise
The S&P downgrade lowered FNMA and FMCC to AA+which will "likely" result in higher mortgage costs.  Thanks Tea Party, I hope you are hit with margin calls and are foreclosed on your home mortgage when you can't come up with the payment!  Welcome to the United Banana States of America.

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