Quote:
Originally Posted by Cowboy89
And yet no democrat sponsored bill that was proposed would have hit the 'funding gap' requirements outlined by S&P either. I agree that to make up the remaining $2 Trillion gap would certainly mean higher taxes and yes the Tea Party knuckle dragging on this is a problem, but yet no democrat 'balanced plan' that emerged pledged to do what was required either.
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This is directly from S&P:
The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy … [This] weakens the government’s ability to manage public finances …
So yeah, pretty much exactly what I said.