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April 24, 2011
a vote of no confidence in americas leaders to seriously deal with our debt crisis before it gets out of hand? >> its certainly a vote of faltering confidence. im not sure its no confidence. what theyre saying is there is a one in three chance that the u.s. credit rating of aaa, a credit rating weve held all the way back to the first world war, would be lowered if we dont act soon. ali, what i found particularly interesting about the s&p analysis was the conventional wisdom in washingt...
April 23, 2011
wac to the first world war, would be lowered if we dont act soon. what i found particularly interesting about the s&p analysis was what the conventional wisdom in washington is, wait till the 2012 elections, fight it out over that and then come and act in 2012 and 2013. and s&p says, no, too late, cant wait until the 2012 election. theyre saying 1 in 3 chance. theyre going to lower our credit ratings if they dont act before the 2012 elections. >> thats the issue. deal with it sooner th...