S&P Downgrade, Could It Be the Debt

07 Aug

S&P bond rater: It’s the debt, stupid « Hot Air.

Ed Morrissey at Hot Air has any excellent post, recapping S & P’s David Beers on Fox News Sunday.

The Tea Party wanted $4 trillion in cuts and entitlement reform. I dare say that if we had gotten that there would not have been a downgrade. Read the entire post and don’t forget to check out the chart on where entitlement spending goes over the next 80 years. Entitlements will consume the entire budget by 2049 if we don’t change course now.


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