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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: joefromspringfield who wrote (54898)	8/8/2011 12:24:36 PM
From: DuckTapeSunroof	1 Recommendation Respond to of 103300

(So why did they admit to the error... and then switch from an argument based on mathematical assumptions to one based on political assumptions? <g>)

To: joefromspringfield who wrote (54898)	8/8/2011 12:53:57 PM
From: John	1 Recommendation Respond to of 103300

Exactly, Joe, and via the chart that the government's treasury goons posted in their silly rant about S&P's decision [1], it is obvious that they are crying that S&P "falsely accused" them of carrying a debt load (by 2021) that is ~92 percent of GDP instead of the "correct" ~84 percent of GDP. LOL. Their weak rebuttal was essentially, "By 2021, we will only owe 84 cents on each GDP dollar, NOT the 92 cents that S&P improperly calculated!" ROFL! Are they serious?!?!?! That is their weak argument back to S&P? Besides, S&P and every other sane person realizes that the government always produces fraudulent projections, based on the wildest of optimistic assumptions and outright lies. In reality, the government bastards are already maxed out and have been for a long time. S&P should cut to the chase and downgrade the bastards even further, right now, as should Fitch and Moody's!!! 1. treasury.gov