Ratings Agency Source: BOEHNER PLAN Would Lead To DOWNGRADE Of U.S. DEBT

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Run time: 00:37 https://www.youtube.com/watch?v=2RXNrtUU-TQ   Posted on YouTube: July 26, 2011 By YouTube Member: ThinkProgress6 Views on YouTube: 147   Posted on DU: July 26, 2011 By DU Member: Segami Views on DU: 906

 

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ThinkProgress:


" RATINGS AGENCY SOURCE: BOEHNER PLAN WOULD LEAD TO DOWNGRADE OF U.S. DEBT, REID PLAN WOULD PRESERVE AAA RATING


Today on CNN, Erin Burnett reported that she spoke with an investor who talked directly with the credit ratings agency Standard & Poor’s. According to the Standard & Poor’s source, John Boehner’s debt plan would probably still lead to a downgrade of U.S. debt by the ratings agencies, raising interest rates for all Americans. Harry Reid’s plan, however, would preserve America’s AAA credit rating.

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1. Never thought I'd see the day.