okay, step up then, bitch.

by Anonymous 12 years ago

Standard and Poor's: "The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. 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."

by Anonymous 12 years ago

Rough translation: Politicians on both sides are incapable of reaching an effective compromise and are more concerned with their political agendas than with the economy. This is both parties fault.

by Anonymous 12 years ago

That combined with obama the dictator constantly threatening a government shutdown whenever he doesn't get his way

by Anonymous 12 years ago

And this is why our government is going to shit. Senators and Representatives (and pretty much everyone else associated with the national government) cares more about their own careers than the economy, or anything else for that matter. We have a bunch of stubborn old men and women in office that were never taught to compromise. I guess Ivy Leagues don't teach those kinds of things.

by Anonymous 12 years ago