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To: muawiyah
S&P is so funny

Before saying that, make sure it isn't Business Insider that's being funny. Business Insider is not a business publication; it's an arm of the leftist media masquerading as a business publication. To hear them tell it, this warning is all about raising the debt ceiling.

Read about S&P's statement elsewhere. Even the Washington Post says that this warning is less about the debt ceiling than it is about the continuing deficits. Sure, none of these ratings agencies wants to see a short-term default, but neither do they really believe it will happen. What they are warning about is there is no sign of any serious interest in cutting spending and reducing the deficits. If that continues, they must downgrade our debt.


10 posted on 07/16/2011 6:27:38 AM PDT by Nick Danger (Pin the fail on the donkey)
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To: Nick Danger
"...Read about S&P's statement elsewhere. Even the Washington Post says that this warning is less about the debt ceiling than it is about the continuing deficits. Sure, none of these ratings agencies wants to see a short-term default, but neither do they really believe it will happen. What they are warning about is there is no sign of any serious interest in cutting spending and reducing the deficits. If that continues, they must downgrade our debt."

Exactly. bttt

What Moody’s Really Told Boehner and Obama about the Debt Ceiling

21 posted on 07/16/2011 9:23:19 AM PDT by Matchett-PI ("I used to think Obama was an empty suit but now I think he has filled his pants." ~badgerlandjim)
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