To: tobyhill
Not to pick nits here, but any '2 trillion dollar error' the Obama administration found was made from fiscal projections spun completely of unicorn flavored sunshine.
That sort of thing might make good copy, but it's not going to convince investors who want to see real numbers. Our debt to income ration is preposterous. You can't blame anyone for downgrading our credit-worthiness, nor can you expect the Administration to have any credibility by asserting we have 2 trillion dollars in the penumbra or in the seat cushions of the couch.
20 posted on
08/05/2011 11:04:55 PM PDT by
Steel Wolf
("Few men desire liberty; most men wish only for a just master." - Gaius Sallustius Crispus)
To: Steel Wolf
The con job in the White House finally got called out.
Obama just made the history books for being the first President of our downgrade.
22 posted on
08/05/2011 11:10:16 PM PDT by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: Steel Wolf
“Our debt to income ration is preposterous. “
What is the ratio? I want to see if they can buy a house.
25 posted on
08/05/2011 11:12:03 PM PDT by
CJ Wolf
(I like it that FR still spell checks "obama")
To: Steel Wolf
You can't blame anyone for downgrading our credit-worthiness, nor can you expect the Administration to have any credibility by asserting we have 2 trillion dollars in the penumbra or in the seat cushions of the couch. They do factor in some intangibles which is why they used the word "uncertainty" in their report. This kind of response from the WH might make S&P reassess our rating ... down another notch.
58 posted on
08/06/2011 12:01:35 AM PDT by
TigersEye
(This is the age of the death of reason.)
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