Eliot Spitzer, former governor and attorney general of New York, appeared on Current TV's Countdown with Keith Olbermann on Tuesday night to discuss the debt ceiling deal, ratings agencies and Treasury Secretary Tim Geithner.

Spitzer said Democrats were "taken to the cleaners" again and again during negotiations over raising the federal debt ceiling.

"Disastrous negotiating tactics," he added. "This White House doesn't know how to negotiate."

Spitzer also said that credit rating agencies like Standard & Poor's should be ignored.

"These people have been wrong on anything that ever matters. It is mystifying to me that they even exist."

Watch video, courtesy of Current TV, below: