$2 trillion error in S&P calculations: US (treasury challenging)

AFP/Breitbart ^ | 8-5-11

[STARWISE]

The US Treasury has hit back against a Standard and Poor's downgrade of its AAA credit rating, saying there was a $2 trillion dollar error in the agency's calculations.

"A judgment flawed by a 2 trillion dollar error speaks for itself," a Treasury spokesman said, just after the US lost its AAA rating for the first time ever and was downgraded to a AA+.

*snip*

Moody's and a third ratings agency, Fitch, say they continue to study the deficit plan to see if the US merits being kept in their ranks of AAA countries.

Earlier, an official close to the discussions with S&P said: "There are deep and fundamental flaws with the S&P analysis."

[Carling]

Typical commie tactic. Try and discredit all outside experts other than your own.

Obama is a vile and evil man.

[Freddd]

that 2 Trillion really matters on the 100 Trillion we owe....sarcasm intended.

[clintonh8r]

It’s always somebody else’s fault with these gangsters, isn’t it?

[Ingtar]

It’s because the government counts reductions in increases as cuts and real accountants do not.

[tsowellfan]

It’s because the government counts reductions in increases as cuts and real accountants do not.

Good point!

[Ingtar]

It’s because the government counts reductions in increases as cuts and real accountants do not.

[Road Warrior ‘04]

The Treasury has been cookin’ the books for years and years and they accuse S&P of doing the same? Pot meet kettle!

[sheikdetailfeather]

Fox news said even though there was a challenge over the math, they downgraded us anyway.

[Cringing Negativism Network]

“Alinsky-nomics”

[Zathras]

Its ALWAYS someone else’s fault.
Next time it will be BIGFOOT’s fault.

[SueRae]

We have a guy who cheated on his income taxes making a math challenge? That’ll fly.

[STARWISE]

Vile, beyond description. That he’s presided over
this debasement .. first time in our these momentous
and proud 235 years.

DAMN him!

[ken21]

ditto.

where were our pubies?

[C210N]

Is the regime using tactics its usually reserved to use against conservatives and TEA partiers, now focusing them on S&P?

[SueRae]

The only thing worse than having Geithner as the head of Treasury is the rumor that Corzine would be the next nominee.

[meyer]

Thus speaketh turbotax timmy.

[Rocky]

We have a guy who cheated on his income taxes making a math challenge? That’ll fly.

How do you put a tax cheat in charge of Treasury? That alone should disqualify Obama from office.

[chris37]

Well, it sure ain’t NObama fault! Nope, no sir, not his fault, no way, no how, no sir.

/s

[Carling]

Where are the pubbies? Has anybody made a statement on this debacle? Obama’s tactic seems to be and destroy the entire bond credit rating system, which while bold, is not a surprise at all.

IT’S ON, AND THE GOP IS GOLFING.