Kasz216 said:
bannedagain said:
S&P Blames GOP For U.S. Credit Problem, Associated Press, Politico Cover It Up
S&P clearly lays the blame at the Republican's feet in their report downgrading our nation's credit rating. Clearly the number one problem for S&P is the lack of courage the Republicans have shown when it comes to raising revenue. Twice the report mentions the Republicans by name. Yet that doesn't stop the lying American hating Republicans from trying to blame our President for their cowardice and destructive policies. So arm yourself with the facts, this downgrade is owned lock stock and barrel by the GOP and the Tea Party.
http://www.sfgate.com/cgi-bin/blogs/abraham/detail?entry_id=94858
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From the report.
"Standard & Poor's takes no position on the mix of spending and revenue
measures that Congress and the Administration might conclude is appropriate
for putting the U.S.'s finances on a sustainable footing."
Aside from which they place most of the blame long term on not reforming entitlements and a perceived inability to get that done. Who's holding out on that again?
"In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."
In otherwords, biased article that probably just typed republicans and democrats in a search bar, rather then reading the whole thing and noticing where they actually place the blame. AP and Politico aren't hiding anything, it's just they've actually read and understood the report!
Which was, in general not cutting the deficit (An equal problem) and greater entitlement reform. (A democratic one.)
Or... as they put it.
Our opinion is that elected officials remain wary of tackling the
structural issues required to effectively address the rising U.S. public debt
burden in a manner consistent with a 'AAA' rating and with 'AAA' rated
sovereign peers (see Sovereign Government Rating Methodology and Assumptions,"
June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in
framing a consensus on fiscal policy weakens the government's ability to
manage public finances and diverts attention from the debate over how to
achieve more balanced and dynamic economic growth in an era of fiscal
stringency and private-sector deleveraging (ibid). A new political consensus
might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population's demographics and other age-related spending drivers closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now," June 21, 2011).
The whole "political consesnus might ermerge after 2012" sounds a lot like "Democrats might lose control of the senate and presidency to me."
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