Since S&P’s first comments and continuing comments is NOT about “deficit reduction” but reduction in the US actual debt obligations.... that is a reduction in the debt ceiling... one can surmise that this ENTIRE news item is
PURE PROPAGANDA to tee up blaming republicans.
This is straight from the playbook. S&P has been saying for some time, as has Moody’s that it is the DEBT.
The “deficit” is a govt. term to describe the difference between what the govt takes in in taxes vs. what it cannot control— ridiculous spending. Since the revenue, even IF taxes are raised will not be enough to enable the US to meet its debt obligations... S&P will downgrade.
obama and fellow marxists are gaming this. Pure BS.
Yes, tht’s clear. S&P wants to downgrade. They cited the reasons why months in advance. It’s fairly obvious Obama is leaning on them not to do it and if they do it to play along with the meme that his administration has nothing to do with it.
I’ve moved on from S&P and the other agencies.
It’s becoming clear the market (somewhat) and various businesses are factoring in the reality of our circumstances despite the gutlessness of anyone in DC to own up to our problems. Blackmail and playing with numbers isn’t going to magically going to create enough jobs and growth to help him next year. and tis time they can’t crash the market around the election because it won’t help him.