Obama’s and Bush’s effects on the deficit in one graph

[Riot]

Originally Posted by Danzig

The central issue behind the Standard and Poor's decision late Friday to downgrade the government's AAA credit rating was the level of government debt, relative to the size of the U.S. economy.

That's not true. More than half the AAA rated countries have greater debt to their economy size than we do.

I think - judging by what S & P actually said in their statement, which wasn't the above - that it is the intransigence of the political climate, the refusal to consider raising taxes by some, etc.

It's not where we are, as much as it is what we are not doing about it.

And as far as S & P's worthiness as to rating our credit worthiness, notice that everyone flocked to US Government Treasuries today during the sell off.