If S&P made a 2 Trillion Dollar error? really?
The numbers in Washington is all bs anyways. Obamacare CBO rosy projections will easily correct for this 2 Trillion error if there was one.
I hate to say that we live in an era that 2 Trillion Dollars is a standard error to a complicated and cumbersome process, but we do.
They need to overhaul this process.
“Incompetence Can Save Us”
Only if he picks Incontinence for VPee.
The Establishments politicians and 40 years of out of control spending by DC
Eliminating income tax on subchapter-C corporations that issue dividends would eliminate most of the need for SEC oversight, too. The market would swiftly reward good corporate stewardship while punishing bad; the current system rewards rising stock prices while punishing dividends.
The entire premise of the article is bogus.
There was no error, S&P merely used a shorter, more accurate, forecasting method that does not accept so much smoke & mirrors from the O regime.
As I recall they went five years, not the ten O’s regime wants them to use.
We all know the ten year projection is pure fantasy, there will be several sessions of congress and at least one change of president over that term, they WILL make their own plans.