Standard and Poor's downgrades US to AA+

[Riot]

Originally Posted by Danzig

and based on s&p's remarks, i think if they announced that these tax cuts would be axed immediately, the rating would be back to AAA in no time.

Sure it would, just eliminating the tax cuts would cut our deficit in half in about 10 years. It think that is the biggest mistake Obama has made. He did get a little additional stimulus and unemployment for the trade, but the tax cuts would have been the better deal.

However: did you see Cantor on that Crazy Jim Financial guy show? (I think it's on MSNBC) Cantor said unemployment and the economy was the biggest thing right now. So Jim says, "Well, then, you'll extend unemployment benefits?" (because obviously that helps the unemployed and the economy) and Cantor looks puzzled and says, "No"