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Re: US Credit Rating Downgraded To AA+
Quote:
Originally Posted by saden1
This country has a financial structure problem. One side doesn't want entitlement cuts and wants to raise social spending, the other doesn't want to cut defense spending or raise taxes. Our political system is straight out of The Wire.
S&P is doing this country a favor over the long run by downgrading its rating.
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and each are instransigent on these absolutely incompatible goals. The only thing the compromise on is - "let's just spend more money".
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Strap it up, hold onto the ball, and let’s go.
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