Someone wants to downgrade us? Fine. They’re just along for the ride too.
“Someone wants to downgrade us? Fine. They’re just along for the ride too.”
This is just a crock. If the Super Committee fails to produce the cuts, there are automatic cuts that are triggered, so where is the beef to the economists? The cuts still take place, the only difference is where those cuts will be made. But a cut is a cut is a cut. So why would the economists threaten downgrades if cuts are being made, one way or the other?
So if Moody’s, S&Poor’s, etc. downgrade, they are doing it for reasons other than a lack of cuts. They are doing it for political reasons, or as a power trip, or to get revenge for the gov’t going after them for their prior lousy forecasts, or just because they want headlines. Whatever the true reason, it isn’t because of the cuts, or any lack thereof.