If you make $150,000 a year and owe $150,000 on your mortgage, are you broke? No.
http://www.standardandpoors.com/ser...lobwhere=1243942957443&blobheadervalue3=UTF-8
"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. "
Controversy and policy debate regarding the issues. NOT the issues themselves.
Seriously, don't be stupid. You can look this stuff up.
If you made $150,000 this year, spent $200,000 and did that year after year...then yes, you would be "broke" which is exactly what we as a nation have been doing. And to say that the deficit isn't the "issue" on our downgrade is laughable. It most certainly WAS. The rating agency downgraded us because they didn't believe our leaders have the stomach to make tough cuts to entitlements. In what way is that incorrect? We can't even get a budget passed by Democrats in the Senate because they don't want to be on record for the amount needed in an election year and everytime someone even TALKS about reforming entitlements, people like YOU accuse them of wanted to "kill" Social Security and Medicare.
If you compare our GDP with our total debt, it's the equivalent of saying $150K vs $150K. Your $200K is a completely made up number.
And I gave you the quote from the report about the downgrade. It clearly says the downgrade is due to the controversy and policy debate and not the actual debt itself. Sure, if there was never any debt there would be no debate, but that's like me saying if you had never been born we wouldn't be talking now.
We're running TRILLION dollar deficits that are projected out for YEARS and you accuse me of making up numbers?
The "controversy" is about the deficit, Einstein! What part of that concept don't you grasp? The rating agency that downgraded us was looking for cuts to the size of the deficit. The Obama Administration didn't come even close to delivering them. We got downgraded. It really isn't a hard thing to understand.