Standard and Poor's downgrades US to AA+

[witchdoctor]

http://www.washingtonpost.com/busine...IxI_story.html

It said the bi-partisan agreement reached this week to find $2.1 trillion in budget savings “fell short” of what was necessary to tame the nation’s debt over time and predicted that leaders would have no luck achieving more savings later on.

S&P’s action is the most tangible vote of disapproval so far by Wall Street on the deal between President Obama and Congress to cut the deficit by at least $2.1 trillion over 10 years. S&P has said that it wanted at least $4 trillion of deficit reduction.


I agree with you Riot. The Republicans caved in and should have been more forceful pushing for bigger cuts.