Quote:
Originally Posted by sperbonzo
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?
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The big reason the S&P downgraded was becuase they believe the US will continue to amass debt in the years to come.
I hope the US gets downgraded again in 6 months..
Little bitch Geithner is crying about how unfair the S&P is, but it's like a guy getting pissed off at Experian for lowering his credit score because he's late on his payments all the time..
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