SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenneth E. Phillipps who wrote (110053)8/7/2011 8:10:43 PM
From: TimF4 Recommendations  Read Replies (1) of 224737
 
Even if you took anything the S&P says as being correct (and why would you want to assume that), it says nothing against the points raised in my post.

Also if "cut, cap, and balance" had pased, the S&P would have almost certainly not issued a downgrade. Real solid, and already passed controls on spending, avoids a downgrade. The punting it off to a committee, while including no real upfront cuts (and only about twenty billion in "cuts" that are really just slowing the rate of growth of spending), isn't enough, so the government's credit rating gets a downgrade, and if things continue it might get more.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News