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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="Catatonic" data-source="post: 864098" data-attributes="member: 7966"><p>You picked one sentence (although I did watch it on CNN and Bloomberg and I don't recall those words).</p><p>The actual gist of what he said, other than about 100 "uhs", was that there was no addressing of the structural issue which is debt. </p><p>He <strong>did not say</strong> it was because the government did not decrease spending nor did he say it was because they did not raise taxes (revenue). He said that they did not address the structural issues that is increasing the debt.</p><p>He hinted at the two camps have irreconcilable approaches to reining in debt.</p><p></p><p>Other views from Bloomberg:</p><p>The expiration of the Bush tax cuts will help in this equation and the 2012 National election may provide an answer to whether the US Government will have a unified approach or a continuation of the current stalemate.</p><p></p><p>Other views from CNN:</p><p>Matt Damon will march with teachers, America is held hostage, is America broken.</p><p></p><p>Hoax views:</p><p>I tend to watch Bloomberg rather than CNN or Fox when it comes to economic issues. Not much political positioning there and they bring in real experts and experienced business people.</p><p></p><p>A poor person never created a job ... we need rich people because they create jobs.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 864098, member: 7966"] You picked one sentence (although I did watch it on CNN and Bloomberg and I don't recall those words). The actual gist of what he said, other than about 100 "uhs", was that there was no addressing of the structural issue which is debt. He [B]did not say[/B] it was because the government did not decrease spending nor did he say it was because they did not raise taxes (revenue). He said that they did not address the structural issues that is increasing the debt. He hinted at the two camps have irreconcilable approaches to reining in debt. Other views from Bloomberg: The expiration of the Bush tax cuts will help in this equation and the 2012 National election may provide an answer to whether the US Government will have a unified approach or a continuation of the current stalemate. Other views from CNN: Matt Damon will march with teachers, America is held hostage, is America broken. Hoax views: I tend to watch Bloomberg rather than CNN or Fox when it comes to economic issues. Not much political positioning there and they bring in real experts and experienced business people. A poor person never created a job ... we need rich people because they create jobs. [/QUOTE]
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