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Fitch says the sequestration would not prompt a rating cut, but would "erode confidence"...

Fitch says the sequestration would not prompt a rating cut, but would "erode confidence" necessary measures will be taken to secure the U.S. AAA rating. "A failure to raise the debt ceiling in a timely fashion would prompt a review and likely downgrade of the U.S. credit rating."
Comments (7)
  • rjj1960
    , contributor
    Comments (1366) | Send Message
     
    Is the U.S even rated A now ???
    27 Feb 2013, 08:35 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Yes Fitch you are way behind the 8 ball on this one....AAA...and only if we print more money..lol..that is AAA now...spend spend spend...is good now...savings bad...
    27 Feb 2013, 08:40 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Fitch is an...

     

    ...the backside of a horse...

     

    ...the "sequestration" is going to happen. The leftists got caught with their pants down on this one. They should have labeled this "Cliff II, This time we all Die."

     

    Once the public understands that modest cuts in the growth of government doesn't end history as we know it, Fitch will come along for the ride and our public class will be on a roll for once.
    27 Feb 2013, 08:45 AM Reply Like
  • june1234
    , contributor
    Comments (2590) | Send Message
     
    When federal spending is 23% of your GDP it all matters. $200 + or - billion less from cliff deal, - $85B from sequestration + minus whatever they come up with from the upcoming debt ceiling and you just halved 2013 GDP growth in this country
    27 Feb 2013, 09:04 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4011) | Send Message
     
    The White House is comfident the Republicans will be blamed for sequestration even though the idea originated there. It's just that no one thought it would happen. Of course the Republicans will be blamed. They're taking away the punch bowl because the Democrats want more taxes from the rich. Never mind that more taxes wont fix the budget deficit and that the middle class will get hit as well. It's perception that matters. Who do you think will get the blame when your handout gets cut and you know the Democrats want to keep funding it? After all, it's not like we can run out of money. The Fed will do whatever is necessary to keep the ball in the air. By the time gravity crushes the system, we'll all be dead and it will be our grandchildren' problem. What a legacy!
    27 Feb 2013, 09:17 AM Reply Like
  • blueice
    , contributor
    Comments (3245) | Send Message
     
    Good points, Geoffster! What I have heard, is that this is just a reduction of the mandated increases in spending...

     

    The lying LaHood stating he will have to close 100 towers which were schedule to close anyways....
    27 Feb 2013, 09:47 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4011) | Send Message
     
    The sequester mandates across the board cuts which ties the hands of managers who could otherwise rob Peter to pay Paul. The Administration is spinning Armageddon and is winning the battle for the reasons I explained above. Our politicians cannot cut spending any more than the Fed can end QE.
    27 Feb 2013, 10:06 AM Reply Like
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