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**tutkarussia** · 08-09-2011, 03:37 AM

FFS, the $2 Trillion dollar "mistake" has to do with projections, it is not a mistake at all. This error should be beyond painfully difficult but typical in dealings with anything involving US budget projections and not a reason at all to dismiss S&P analysis of the situation. Welcome to politics getting the better of US budget projections that usually do not become realized fact. It really does not matter what Timothy Geithner says on this.

What's 2 trillion--when we're looking down the barrel at 21 trillion in red ink in 10 years?

The problem we have is a President who has been warned by his own congressional budget office over a year ago--that his spending was unsustainable--and Obama with a full house of democrats just spent more.

Moody's has been threatening for months that they were going to downgrade US debt if this congress and administration did not CUT spending. So instead of passing the only bill that would have satisfied these agencies that this country was serious about fiscal responsibility--cut--cap--balance bill that had bi-partisan support--Harry Reid tabled it without discussion--and Obama continually threatened to veto it.

08-09-2011, 03:37 AM	#7
tutkarussia Join Date Oct 2005 Posts 378 Senior Member	FFS, the $2 Trillion dollar "mistake" has to do with projections, it is not a mistake at all. This error should be beyond painfully difficult but typical in dealings with anything involving US budget projections and not a reason at all to dismiss S&P analysis of the situation. Welcome to politics getting the better of US budget projections that usually do not become realized fact. It really does not matter what Timothy Geithner says on this. What's 2 trillion--when we're looking down the barrel at 21 trillion in red ink in 10 years? The problem we have is a President who has been warned by his own congressional budget office over a year ago--that his spending was unsustainable--and Obama with a full house of democrats just spent more. Moody's has been threatening for months that they were going to downgrade US debt if this congress and administration did not CUT spending. So instead of passing the only bill that would have satisfied these agencies that this country was serious about fiscal responsibility--cut--cap--balance bill that had bi-partisan support--Harry Reid tabled it without discussion--and Obama continually threatened to veto it.
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