Why the US Bond Ratings may fall

This could be much clearer. Unfortunately, I agree with what he said on Fox News.

Charles Krauthammer: "The reason the ratings will drop -- and I think it will within a year, if not less -- is because one of the two major parties in every argument, every negotiation, every plan it's offered, has been looking for loopholes as a way to appear to cut spending when it doesn't. And the worst example is the Reid plan, which has a trillion dollars of cuts for a 10 year extension of the surge in Iraq and Afghanistan -- a phony cut from a phony spending idea. And that's I think the reason why nobody has confidence. It can't happen if one of the two parties is clearly unserious about debt reduction."



Blogger Chas said...

Markie Marxist sez: "How can we bankrupt capitalism if we have debt reduction? It's just not common communist sense."

7/28/2011 3:01 PM  

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