A source says Republicans saying that they refuse to accept any tax increases as part of a larger deal will be part of the reason cited.———
Doesn’t matter that it’s not the truth, it will be what’s cited...
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.
will be the political confusion surrounding the process of raising the debt ceiling, and lack of confidence that the political system will be able to agree to more deficit reduction.
#1 Truth be told, the debt ceiling had nothing to do with any of this.
#2 Truth be told, they want 4T in cuts...as a down payment.
#3 Truth be told, Pelosi: My Deficit Committee Members Will Oppose All Entitlement Benefit Cuts, http://www.freerepublic.com/focus/bloggers/2757721/posts?page=32#32
#4 Truth be told, the Democrats ran without a budget for how many YEARS?
#5 Truth be told, the Republicans are responsible only for not making every attempt to stop them, up to and including causing them to fail to meet the requirements to hold a vote. Walked Out.