Obama stopped short of sharp criticism of Standard & Poor's for its downgrade of U.S. debt to AA-plus from AAA on Friday. Senior administration officials have accused S&P of going ahead with the downgrade despite a $2 trillion mathematical error.
"Markets will rise and fall, but this is the United States of America. No matter what some agency may say, we have always been and always will be a triple-A country," Obama said.
As Obama spoke, stock markets were registering another steep decline, dropping more than 450 points in afternoon trading.
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I've got a recommendation on how to cut deficits: QUIT SPENDING MONEY WE DON'T HAVE!!! Cut programs and agencies that are duplicated and triplicated in government. Deport all the illegals. Abolish the IRS and charge everybody a flat tax. Quit giving money away to Third World countries. Declare war on Canada and take their shit.
How fucking hard is that?
And a $2 trillion dollar error? Give me a break - it's not like a mistake in your ledger when your checkbook doesn't balance. I would think somebody would notice a $2 trillion mistake, wouldn't you?
Yeah Barack, too bad the rest of the world doesn't take this shit as lightly as you do.
