This is crazy, Treasury is shooting the messenger and damaging their own credibility with this line of attack.
Out-year budgeting is very complex, and there are a lot of bullshit assumptions about various "promised" spending cuts and tax increases. By jumping all over S&P for a mistake that has nothing to do with the massive, ongoing deficits this year and next, Treasury shows it is in a strange state of denial.
Out-year budgeting is very complex, and there are a lot of bullshit assumptions about various "promised" spending cuts and tax increases. By jumping all over S&P for a mistake that has nothing to do with the massive, ongoing deficits this year and next, Treasury shows it is in a strange state of denial.
It is past time for Sec. Geithner to resign.