Originally Posted by mr. compassionate
So is your point that our soverign debt is of no issue. Skirting the problem doesn't solve it. My point was that they didn't see the obvious in their prior ratings of subprime but this is a reaction to the perfectly obvious dilemma we now face.
Talk about in lock step with the liberal talking points.
No, Benjy, I am not saying that our debt is "of no issue." I'm saying that S&P were happy to play along with unsustainable and undesirable lending practices during the heyday of subprime loans
, your forte
. Now, all the sudden, they've "found religion" regarding the U.S. debt. Interesting
You know what's more interesting? The timing of the S&P warning.
You do realize there's a vote to increase debt ceiling coming up and t-baggerette Michele Bachmann-Turner wants to vote against it, right? Some pundits are saying that the S&P warning was directed at the GOPteaPartyŽ members who are threatening to vote against raising the ceiling, sending the U.S. into default.