Standard and Poor

[R_C]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dick Chaney to Former Treasury Secretary Paul O'Neill</div><div class="ubbcode-body">&quot;&quot;You know, Paul, Reagan proved deficits don't matter,&quot; </div></div>

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Alan Greenspan on Meet The Press 8/7/11</div><div class="ubbcode-body">“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default”</div></div>

So in their rush to downgrade <span style="text-decoration: line-through">Obama</span> America's credit rating, S&amp;P makes an error in its calculations and overstates the debt burden by $2 trillion.

And now <span style="text-decoration: underline">this</span>

Does anyone still think that this &quot;debt crisis&quot; is simply the result of market forces and not being managed in some way ?

[Wendy]

Re: Standard and Poor

R_C all mi can offer to this one is **aah sah** <span style="font-style: italic">(shaking mi head</span>)

[Derek]

Re: Standard and Poor

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: R_C</div><div class="ubbcode-body">“The United States can pay any debt it has because we can always print money to do that.” </div></div>

They can always print money, but the US is 'spending' against money it will collect decades from now, based on the dollar being the reserve currency for oil transactions.

[R_C]

Re: Standard and Poor

I wonder why Alan Greenspan doesn't seem particularly concerned about that.

[j-kid]

Re: Standard and Poor

S&amp;P is a bunch ah hypocrites!