Sunday, August 07, 2011

It looks like Republicans can't do math well enough to rebuke Grover Norquist.

According to Speaker Boner last week he " 98% of what he wanted."  The problem was that he wasn't the President and would not ADMIT the "Grand Plan" including tax increases on the wealthy was NECESSARY.  I'll be darn!

What's next Boner, now that 'the math' you did would impale the USA rating? 

Dissolution of SSI, Medicare and Medicaid?

...Something didn’t look right to John Bellows, (click title to entry - thank you) the Treasury’s acting assistant secretary for economic policy. He found what he later called a $2 trillion “basic math error” in the e-mail, a preliminary press release announcing S&P’s first-ever downgrade of U.S. creditworthiness.
Over the next 5 1/2 hours, the two sides argued over issues ranging from so-called baseline calculations to deficits, according to a person familiar with the matter. In the end, the ratings firm stuck with its decision, citing the level of government debt and the contentious political climate in Washington.
The debate in Congress over raising the debt limit “highlighted a degree of uncertainty around the political policymaking process which we think is incompatible with a AAA rating,” David Beers, S&P’s managing director of sovereign ratings, said later on a conference call with reporters. ...