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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="Catatonic" data-source="post: 863996" data-attributes="member: 7966"><p>From the article:</p><p></p><p><strong><em>... analysts at Standard & Poor's were looking for $4 trillion in cuts over 10 years. Washington gave them a little more than half of that through gimmickry, untested "committees" and a political sideshow that didn't exactly instill confidence.</em></strong></p><p></p><p>I think it was the Republican's that tried to get the 4 trillion and they were blocked by the Democrats.</p><p></p><p>It was a bad, ugly, childish show by both parties though that did not instill much confidence.</p><p></p><p>And the worst thing is that the bill they passed will actually increase the debt by over $7 trillion over the next 10 years.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 863996, member: 7966"] From the article: [B][I]... analysts at Standard & Poor's were looking for $4 trillion in cuts over 10 years. Washington gave them a little more than half of that through gimmickry, untested "committees" and a political sideshow that didn't exactly instill confidence.[/I][/B] I think it was the Republican's that tried to get the 4 trillion and they were blocked by the Democrats. It was a bad, ugly, childish show by both parties though that did not instill much confidence. And the worst thing is that the bill they passed will actually increase the debt by over $7 trillion over the next 10 years. [/QUOTE]
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