Aprisaiden on 06 August 2011
| Kantor said: A few people are to blame here 1) S&P for that awful calculation error 2) House Republicans for refusing to let the tax cuts expire 3) George W Bush for invading Iraq 4) Whoever the hell had the stupid idea of separating debt ceiling votes from the Budget (the S&P report mentioned this) I'm trying to fault the Democrats at least slightly, but I can't. They were excessively resistant to cuts, but nowhere near as bad as the Republicans with regards to tax increases. |
I don't think you can really blame S&P for coming to a different figure since they are both talking about how much the US government is expecting to spend over the next 8 or 9 years. (and besides S&P being $2 trillion high, and the US government including the estimate that they will cut spending by $2 trillion in the next debate with months is just semantics... as the current $4 trillion in cuts is actually $2.4 trillion in cuts + estimates of $2 trillian in the next round of spending cuts)
