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Old 08-06-2011
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The $2 trillion error not withstanding, S&P noted that we did not make the $4 trillion in cuts that they were looking for, and that much of the cuts we did plan on making were to come years from now under different presidents and different congresses. They have understandably lost faith that our idiots in washington can get things done and carry it out. When the president & congress promises cuts over 6 years from now, does anyone seriously thing they will happen?

Error or not, after August 2nd the dow dropped like 700 pts. People knew this was coming.
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Old 08-06-2011
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Quote:
Originally Posted by TracyCoxx View Post
The $2 trillion error not withstanding, S&P noted that we did not make the $4 trillion in cuts that they were looking for, and that much of the cuts we did plan on making were to come years from now under different presidents and different congresses. They have understandably lost faith that our idiots in washington can get things done and carry it out. When the president & congress promises cuts over 6 years from now, does anyone seriously thing they will happen?

Error or not, after August 2nd the dow dropped like 700 pts. People knew this was coming.
I guess S&P should be calling the shots for the U.S. economy, rather than the real working people who pay real taxes. Of course, the chance that Republocrats actually represent real taxpayers as opposed to the financial barons of whom the S&P leadership is part is, of course, a fiction.

Tracy Coxx, why don't we just let S&P run the country directly? Wouldn't it cut out all the political shenanigans in Washington and make people who think like you happy?
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