|
If you read all of the statements issued by S&P, they all talked about a $4 trillion debt reduction that had to be put into place. the plan that was passed was only $1 trillion, with a committee to decide to reduce another $1.2 trillion. S&P does not believe the additional debt reduction will occur.
While both parties are running around calling it "The Tea Party Downgrade", the ironic thing is that the ONLY plan that reduced the deficit by $4 trillion was the "Cut, Cap, and Balance" plan.
Funny, ain't it?
.
|