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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (613351)	5/27/2011 4:38:26 PM
From: combjelly	Read Replies (2) of 1579437

"Why don't you quote the exact statement they made and give a source. " A sovereign's failure to service its debt as payments come due is a default according to S&P's sovereign rating criteria washingtonpost.com "Knowing their business better than they do" is irrelevant" Tim, it is what you are saying. "They have not claimed that cutting entitlements would be considered a default or something that would lower the US's credit rating" Funny. You don't even know what they said, yet here you are explaining what they meant. In other words, you think they don't know their business and you do. Now S&P would love it for us to cut our deficit as soon as possible. But defaulting on payments is not something they would take lightly. As they have stated. These are things we have promised to do with this budget. Missing SSI, Medicare and other payments is a default. Period. It is what the man has said.

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