Boehner Plan Would Lead To Downgrade Of U.S. Debt, Reid Plan Would Preserve AAA Rating

[jefferson_dem]

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. Watch it:

http://thinkprogress.org/politics/2011/07/25/278929/ratings-agency-source-boehner-plan-would-lead-to-downgrade/

[dkf]

1. Why would Reid's plan at $2.7 trillion pass the $4 trillion requirement?

Are they adding in the $3.8 trillion from the rescinding of the Bush cuts?

I can understand why Boehner's plan doesn't fly. It isn't concrete.

[shraby]

2. It's because Boehner's plan only covers a few months and

Reid's plan is long term which adds more stability to the whole debt ceiling thing.
Six months out under Boehner's plan will have the whole thing in a tizzy once again with no guarantees that the ceiling would be raised. Not good at all.
Long term stability is the name of the game in the markets/bond and otherwise as well as how other countries view the U.S.

[joshcryer]

3. This needs to be on the national news, headlines, front page newspapers, everywhere.

This needs to be hammered home daily, hourly, by the minute, until August 2nd or Reid's plan is implemented.