sync0s
Well-Known Member
s&p wasn't as concerned about spending as they were about how the US is financing itself. if the bush tax cuts would've expired when they should've then this little party we're having wouldn't be happening.... the US government has historically been able to spend more than any other entity on earth, but it needs revenues, and the government has taken action to increase revenues when necessary.
Ignorance. You could have referred to my post above....
We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case."-S&P