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Originally Posted by GRH
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S&P even spelled out what it thought would be necessary to maintain the AAA. ?If Congress and the Administration reach an agreement of about $4 trillion, and if we conclude that such an agreement would be enacted and maintained throughout the decade, we could, other things unchanged, affirm the ?AAA? long-term rating on the U.S.?
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One of the major reasons to not kick the can down the road with a 6 month extension. |
So back to this GRH... The senate is working on a bill that cuts $2 trillion over 10 years. Why? If S&P says we need to cut $4 trillion over 10 years why is the senate trying to cut $2 trillion over 10 years? And why has the senate tossed the only bill so far that does cut at least $4 trillion over 10 years?
07-30-2011
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