Remodeling Maidiac
Diamond Member
- Thread starter
- Banned
- #21
So your idea of "self analysis and critical thinking" is to watch Neil Cavutos? Well here's mine:
"We lowered our long-term rating on the U.S. because we believe that the
prolonged controversy over raising the statutory debt ceiling and the related
fiscal policy debate indicate that further near-term progress containing the
growth in public spending, especially on entitlements, or on reaching an
agreement on raising revenues is less likely than we previously assumed and
will remain a contentious and fitful process. We also believe that the fiscal
consolidation plan that Congress and the Administration agreed to this week
falls short of the amount that we believe is necessary to stabilize the
general government debt burden by the middle of the decade."
http://www.standardandpoors.com/ser...lobwhere=1243942957443&blobheadervalue3=UTF-8
YOUR A FUCKING IDIOT. I watched the head of S&P just say he warned congress and the president and they ignored him. So your long diatribe is pointless. It's obvious.
CUT THE FUCKING SPENDING STUPID.
Do you fucking read? My "diatribe" is a quote from S&P's downgrade justification. You are unworthy of further debate.
You quote an article that has been taken out of context by half the posters on this site. I got it straight from the mouth of the man that made the decision fool.
Debate this:
[ame=http://www.youtube.com/watch?v=SNmdLHM9deQ&feature=youtube_gdata_player]‪August 6, 2011 11:51 AM‬‏ - YouTube[/ame]