SAT AUG 06, 2011 AT 12:54 AM PDT
GOP Downgrade: Let Them Own It
bynoweasels
On 360 last night, Anderson Cooper interviewed John Chambers, the S&P executive responsible for the downgrade of US Treasury Bonds:
Among other things, Mr. Chambers said:
I think that there's plenty of blame to go around.
This is a problem that's been a long time in the making, well over this administration and the prior administration. It's a matter of the medium- and long-term budget position of the United States that needs to be brought under control, not the immediate fiscal position. It's one that centers on entitlements and it's entitlement reform
or having matching revenues to pay for those entitlements that's at the crux of the matter....................
much more:
http://www.dailykos.com/story/2011/08/06/1003828/-GOP-Downgrade:-Let-Them-Own-It?via=siderec