Because of the misrepresentations from S&P I have no doubt that not only will "entitlements" be cut,

[still_one]

but they will be cut big

Thank you mcgraw hill, (s&p), along with the corporate media whores who misrepresented the truth for so many years.

It was the republican policy of deregulation, trickle down economics, and their philosophy that deficits do not matter that brought us where we are today, but that perspective sure seems to be missing from the conversation

[blkmusclmachine]

1. Cannot absolve the "Democrats" for their part in the fiasco:

It takes 2 to tango.

[newfie11]

2. Don't forget who put them on the table.

I will never understand why a democratic president would serve that.

[sabrina 1]

3. Trickle down happened under a Republican president.

Deregulation happened under a Democratic president supported overwhelmingly by Congressional and Senate Democrats.

You are correct that the POLICIES are Republican. The question is, why do so many Democrats support them?

[Drahthaardogs]

4. What misrepresentation?

They explicitly stated the GOP's refusal to raise revenue was the deciding factor for the downgrade. Just because our Murdoch-owned or Murdoch-fearing media will not report it does not make it untrue.

[sabrina 1]

6. You need to read their whole report.

I know we are focusing on that one paragraph, but that is only a very small part of what we ought to be focusing on in that report.

I wouldn't go too far using that to somehow justify what Democrats' role has been in demands made by the S&P as far as this country's economy is concerned.

The correct response ought to be 'who are these people' to tell THIS country to cut 4 trillion in domestic spending?? Does that bother people at all? WHO are they? The same people who gave triple A ratings to help their Wall St. buddies profit from the Mortgage Crimes? Why were the not prosecuted for their part in those crimes? At one time it was thought they might be. What happened to that?

These are not exactly people with much credibility. And it won't be long before that is pointed out I'm sure, by the Right, ironically.

[still_one]

7. That's the misrepresentation, not reporting the full story /nt

[demwing]

8. Sigh...thats not what it says

At least not ALL that it says:

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

"ESPECIALLY ENTITLEMENTS"

http://blogs.wsj.com/marketbeat/2011/08/05/sp-downgrades-u-s-debt-rating-press-release/

[Fire1]

5. Here we go. n/t