Posted by bad_luck on 2/27/2013 11:59:00 AM (view original):
Posted by tecwrg on 2/27/2013 11:49:00 AM (view original):No, it wouldn't. But it isn't the deficit itself that causes the downgrade, it's the belief that the government is so dysfunctional that instead of working things out in a rational way, the politicians will allow us to hit the debt ceiling and default on obligations.
Posted by bad_luck on 2/27/2013 11:42:00 AM (view original):Would the United States getting a credit rating downgrade benefit the economy?
Why focus on cuts now? Does reducing the deficit benefit the economy?
You don't think our government is dysfunctional now, by doing nothing but fingerpointing at the other side?
Your "solution" is to still do nothing, but without the fingerpointing?
Will that make us somehow magically look better, with the debt continuing to spin out of control?
Are you Captain Smith, directing the Titanic band to keep playing while the ship is going under?