Quote:
Originally Posted by afc wimbledon
There is no particular reason to think the US will get its triple A rating back anytime soon once it has been downgraded, it is much like a personal bankruptcy, it will concievably take years of deficit reduction before the markets will trust them.
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First you say we don't know when the government would get its rating back then you predict years. I think you simply don't know.
What we do know is that the Reid plan won't save the rating. It doesn't have enough real cuts. Boehner's plan might postpone a down grade until they see what is cut at Christmas but, we don't know that either.
4 Trillon in real cuts would be needed to protect America's rating come August second. If the tea party didn't exist that fact would still be true.