Unites State Debt- One Key to Long Term Fiscal Strength
I don’t know the affect of the S&P downgrade( although I suspect that the standard riskless treasury bills are bigger then the ratings themselves) Regardless it is important to note one key item from the S&P report. While its true that S&P takes no position on the mix of revenues ( ie Taxes)and spending ( ie Cuts)
However , importantly to the debate, the report does state the following :
“In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements,
the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.”
Below is a link to the full report.
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