Skip to comments.
S&P Lowers America's Bond Rating, Will Media Mention Spending as a Cause?
NewsBusters ^
| August 05, 2011
| Matthew Sheffield
Posted on 08/05/2011 8:35:35 PM PDT by RatherBiased.com
As has been expected, despite the recently reached debt deal, America's debt got downgraded tonight by credit ratings agency Standard and Poor's.
In an analysis posted on its website, S&P explicitly stated that it "takes no position on the mix of spending and revenue measures," however that is a fact that will likely be glossed over by the self-described mainstream media.
There is much more in the analysis, but since you won't likely see this info in the big media outlets, I am reproducing portions of the report which repeatedly mention excessive spending as a problem [snip]
(Excerpt) Read more at newsbusters.org ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: debt; media; spending
Navigation: use the links below to view more comments.
first 1-20, 21-26 next last
To: Admin Moderator
To: RatherBiased.com
America’s credit rating withstood the Great Depression, Viet nam, Korean war, 9-11. But couldn’t withstand Obama, Pelosi and Reid.
3
posted on
08/05/2011 8:37:55 PM PDT
by
Freddd
(NoPA ngineers.)
To: RatherBiased.com
It’s Bush’s fault. That’s what they’ll say. Bush and the Tea Party. It was Obama that tried to save us all but the Tea Party would not let Obama save us.
Obama wanted to raise taxes to save America. The Tea Party would not let Obama save us.
That’s what they’ll say. It’s NEVER Obama’s fault.
4
posted on
08/05/2011 8:38:09 PM PDT
by
tsowellfan
(Let's make the 2012 campaign: "The War on Error")
To: Freddd
Americas credit rating withstood the Great Depression, Viet nam, Korean war, 9-11. But couldnt withstand Obama, Pelosi and Reid. Amen to that
5
posted on
08/05/2011 8:39:08 PM PDT
by
tsowellfan
(Let's make the 2012 campaign: "The War on Error")
To: RatherBiased.com
"Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating
to the Select Committee decisions on more comprehensive measures." Standard & Poor's
6
posted on
08/05/2011 8:40:25 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: RatherBiased.com
"..., as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently." Standard & Poor's
7
posted on
08/05/2011 8:41:12 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: RatherBiased.com
"Even assuming that at least $2.1 trillion of the spending reductions the act envisages are implemented, we maintain our view that the U.S. net general government debt burden (all levels of government combined, excluding liquid financial assets) will likely continue to grow." Standard & Poor's
8
posted on
08/05/2011 8:41:41 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: NoLibZone
"As a result, our downside case scenario assumes relatively modest real trend GDP growth of 2.5% and inflation of near 1.5% annually going forward. Standard & Poor's
9
posted on
08/05/2011 8:42:50 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: Freddd
We only got through Vietnam by stiffing the Europeans who we owed gold to. We paid the price for that ($1 worth 20 cents). The problem now is that we can’t perform that stunt again.
10
posted on
08/05/2011 8:44:46 PM PDT
by
palmer
(Cooperating with Obama = helping him extend the depression and implement socialism.)
To: RatherBiased.com
""However, in contrast with the U.S., we project that the net public debt burdens of these other sovereigns will begin to decline, either before or by 2015" Standard & Poor's "
11
posted on
08/05/2011 8:47:13 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: RatherBiased.com
You mean like how ABC news reported that a group of people beat up other people at a Wisconsin fair for no reason?
Goodbye, America, glad I knew you when I did, ‘cuz I don’t know who you are now.
12
posted on
08/05/2011 8:49:33 PM PDT
by
chris37
(representative)
To: RatherBiased.com
Spending? They may be spending some against me, but they sure ain’t spending any of it on me.
13
posted on
08/05/2011 8:49:36 PM PDT
by
umgud
To: RatherBiased.com
"S&P Lowers America's Bond Rating, Will Media Mention Spending as a Cause?Not no but hell no. The MSM will blame the Republicans in general and the Tea Party in particular. You know that is how it will be represented.
14
posted on
08/05/2011 8:49:59 PM PDT
by
Graneros
("It is no exaggeration to say that the undecided could go one way or another.")
To: Freddd
Americas credit rating withstood the Great Depression, Viet nam, Korean war, 9-11. But couldnt withstand Obama, Pelosi and Reid. --------------------------
Spot on Freddd.
The Rats are shovel-ready for the dustbin of history.
15
posted on
08/05/2011 8:50:09 PM PDT
by
BobP
(The piss-stream media - Never to be watched again in my house)
To: RatherBiased.com
...despite the recently reached debt deal,... Despite???!!! How about a little honest "reporting", like "due to the recently reached debt deal..."
they make me sick
To: Freddd
Thank you... Obama and congress, for making the U.S. a third world country.... And you're not done yet....
To: Freddd
You did a great job of putting this in perspective!
18
posted on
08/05/2011 9:00:21 PM PDT
by
mlocher
(Is it time to cash in before I am taxed out?)
To: All
The WH says S&P made a two trillion dollar error. And if that ain’t enough, it was the republicans’ fault.
19
posted on
08/05/2011 9:01:05 PM PDT
by
Terry Mross
(I'll only vote for a SECOND party.)
To: RatherBiased.com
"Remember, during the debt ceiling fight, S&P warned that there was a 50/50 chance of a downgrade if spending weren't cut by at least $4 trillion dollars."HERE
20
posted on
08/05/2011 9:03:54 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
Navigation: use the links below to view more comments.
first 1-20, 21-26 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson