Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In April, 2011, S&P told Congress they wanted $4.5 trillion in debt cuts.
Congress called their bluff and lost.
The U.S. debt was downgraded. S&P wasa not bluffing.
Now the rating services, are again telling Washington, D.C. what they want.
Will Congress laugh again, and fail to give the rating agencies what they want?
Moody's warns U.S. not to skimp on deficit cuts - Yahoo! News (http://news.yahoo.com/u-rating-unaffected-super-committee-failure-moodys-150639250.html - broken link)
Screw S&P, screw Moody's- these are the same idiots who gave Bear Stearns and Lehman Brothers AAA ratings. Not to mention the toxic assets they rated highly.
Screw S&P, screw Moody's- these are the same idiots who gave Bear Stearns and Lehman Brothers AAA ratings. Not to mention the toxic assets they rated highly.
Sure, but are you suggesting that America is humming along smoothly despite kicking the debt can down the road? Even with these cuts, we'll still grow from 15 Trillion to 24 Trillion in debt over the next 10 years.
None of these idiots are taking America's financial situation seriously, they all just want to boot it down the road and let the next group of people deal with it. Unfortunately if this trend continues, and I see no reason it won't, there won't be much of a country left for our kids.
"In April, 2011, S&P told Congress they wanted $4.5 trillion in debt cuts."
Got a link?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
