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$2 trillion error in S&P calculations: US (treasury challenging)
AFP/Breitbart ^
| 8-5-11
Posted on 08/05/2011 8:37:42 PM PDT by STARWISE
The US Treasury has hit back against a Standard and Poor's downgrade of its AAA credit rating, saying there was a $2 trillion dollar error in the agency's calculations.
"A judgment flawed by a 2 trillion dollar error speaks for itself," a Treasury spokesman said, just after the US lost its AAA rating for the first time ever and was downgraded to a AA+.
*snip*
Moody's and a third ratings agency, Fitch, say they continue to study the deficit plan to see if the US merits being kept in their ranks of AAA countries.
Earlier, an official close to the discussions with S&P said: "There are deep and fundamental flaws with the S&P analysis."
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: aaarating; currency; default; economy; error; sp; treasury; zimbabwe
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1
posted on
08/05/2011 8:37:49 PM PDT
by
STARWISE
To: STARWISE
Typical commie tactic. Try and discredit all outside experts other than your own.
Obama is a vile and evil man.
2
posted on
08/05/2011 8:39:23 PM PDT
by
Carling
(At some point, those surrounding Obama have to realize that they are working for a psychopath)
To: STARWISE
that 2 Trillion really matters on the 100 Trillion we owe....sarcasm intended.
3
posted on
08/05/2011 8:39:27 PM PDT
by
Freddd
(NoPA ngineers.)
To: STARWISE
It’s always somebody else’s fault with these gangsters, isn’t it?
4
posted on
08/05/2011 8:40:09 PM PDT
by
clintonh8r
(Happy to be represented by Lt. Col. Allen West (this tagline under review))
To: STARWISE
It’s because the government counts reductions in increases as cuts and real accountants do not.
5
posted on
08/05/2011 8:40:09 PM PDT
by
Ingtar
(Together we go broke (from a Pookie18 post))
To: Ingtar
Its because the government counts reductions in increases as cuts and real accountants do not. Good point!
6
posted on
08/05/2011 8:41:00 PM PDT
by
tsowellfan
(Let's make the 2012 campaign: "The War on Error")
To: STARWISE
It’s because the government counts reductions in increases as cuts and real accountants do not.
7
posted on
08/05/2011 8:41:29 PM PDT
by
Ingtar
(Together we go broke (from a Pookie18 post))
To: STARWISE
The Treasury has been cookin’ the books for years and years and they accuse S&P of doing the same? Pot meet kettle!
8
posted on
08/05/2011 8:41:53 PM PDT
by
Road Warrior ‘04
(I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
To: STARWISE
Fox news said even though there was a challenge over the math, they downgraded us anyway.
9
posted on
08/05/2011 8:42:50 PM PDT
by
sheikdetailfeather
("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
To: STARWISE
10
posted on
08/05/2011 8:43:10 PM PDT
by
Cringing Negativism Network
(We are not tea partiers ... we are good tea partiers. Life-long tea partiers)
To: STARWISE
Its ALWAYS someone else’s fault.
Next time it will be BIGFOOT’s fault.
11
posted on
08/05/2011 8:43:19 PM PDT
by
Zathras
To: STARWISE
We have a guy who cheated on his income taxes making a math challenge? That’ll fly.
12
posted on
08/05/2011 8:43:28 PM PDT
by
SueRae
(I can see November 2012 from my HOUSE!!!!!!!!)
To: Carling
Vile, beyond description. That he’s presided over
this debasement .. first time in our these momentous
and proud 235 years.
DAMN him!
13
posted on
08/05/2011 8:44:28 PM PDT
by
STARWISE
(The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
To: Carling
ditto.
where were our pubies?
14
posted on
08/05/2011 8:44:28 PM PDT
by
ken21
(ruling class dem + rino progressives -- destroying america for 150 years.)
To: STARWISE
Is the regime using tactics its usually reserved to use against conservatives and TEA partiers, now focusing them on S&P?
15
posted on
08/05/2011 8:44:51 PM PDT
by
C210N
(0bama, Making the US safe for Global Marxism)
To: STARWISE
The only thing worse than having Geithner as the head of Treasury is the rumor that Corzine would be the next nominee.
16
posted on
08/05/2011 8:45:25 PM PDT
by
SueRae
(I can see November 2012 from my HOUSE!!!!!!!!)
To: STARWISE
Thus speaketh turbotax timmy.
17
posted on
08/05/2011 8:46:59 PM PDT
by
meyer
(We will not sit down and shut up.)
To: SueRae
We have a guy who cheated on his income taxes making a math challenge? Thatll fly. How do you put a tax cheat in charge of Treasury? That alone should disqualify Obama from office.
18
posted on
08/05/2011 8:47:32 PM PDT
by
Rocky
(REPEAL IT!)
To: STARWISE
Well, it sure ain’t NObama fault! Nope, no sir, not his fault, no way, no how, no sir.
/s
19
posted on
08/05/2011 8:47:48 PM PDT
by
chris37
(representative)
To: ken21
Where are the pubbies? Has anybody made a statement on this debacle? Obama’s tactic seems to be and destroy the entire bond credit rating system, which while bold, is not a surprise at all.
IT’S ON, AND THE GOP IS GOLFING.
20
posted on
08/05/2011 8:48:16 PM PDT
by
Carling
(At some point, those surrounding Obama have to realize that they are working for a psychopath)
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