Quote:
Originally Posted by sperbonzo
Really? Perhaps you show me that part of the s&p report
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The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction?
independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government?s debt dynamics, the long-term rating could stabilize at ?AA+?.
?Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place.
We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
http://www.standardandpoors.com/rati...=1245316529563