With a House Speaker John Boehner’s debt-ceiling plan thrown into limbo last night, Washington is – gulp! – looking at the very real possibility that the federal government’s AAA credit rating will slip.
But don’t look for worry lines on the face of GOP presidential candidate Newt Gingrich, who spoke at a Thursday rally in Cobb County. From the Marietta Daily Journal:
“I am totally uninterested in satisfying Moody’s and Standard & Poor’s,” Gingrich replied. “They were totally wrong in 2008. They failed to do their job. They’re now overreaching in the opposite direction. There is zero reason to believe if you look at the Treasury Market that people around the world think we’re not a good risk,” Gingrich said.
And that was just the start of Gingrich’s long brief against the rating agencies:
“They’re so used to us bailing them out that they think that having stolen – I won’t say stolen, that’s too strong a word – having ‘absorbed’ hundreds of billions of dollars in bailout, they would now like us to have a credit risk. Well, where were they when they were causing the credit risk? So my attitude to Standard & Poor’s is go peddle your paper somewhere else. The people of the United States can’t be blackmailed by some company that failed to do its job.”
Unlike many other Republicans, Gingrich said he’s convinced that a downgrading of the United States’ credit-worthiness will reflect on President Barack Obama, not the GOP.
On a related note, the AJC’s Politifact Georgia today takes a look at U.S. Rep. Tom Price’s statement that a failure to reach agreement on the debt-ceiling in Washington won’t necessarily result in default.
Possibly you thought that the competition for most dysfunctional school board in metro Atlanta was over. Not so.
Cobb County has submitted yet another bid – with school board member David Banks calling for a grand jury investigation into allegations of illegally rehearsed board meetings. From Tony Thomas of Channel 2 Action News:
Mel Steely, the retired history professor and Newt Gingrich biographer, sends word a recreation of former state House Speaker Tom Murphy’s memorabilia-laden office will dedicated at the University of West Georgia’s Ingram Library next April 19.
Murphy, who served as leader of the state House for nearly three decades, died in 2007.
Up in Athens, Blake Aued of the Banner-Herald reports that Spencer Frye, executive director of that area’s Habitat for Humanity operation, is considering a 2012 Democratic primary challenge against state Rep. Keith Heard:
“Athens needs a real Democrat who lives here,” [Frye] said….
Heard owns a home in Athens’ Spring Valley neighborhood, but his wife owns one in Fayette County, leading to accusations that he does not live in the district he represents. He has denied that charge and beat back a residency challenge in 2002.
Frye criticized Heard for voting with Republicans this year on a law allowing billboard owners to clear-cut on public land and a state budget that slashed funding for numerous programs.
- By Jim Galloway, Political Insider