Congress Warned of Credit ‘Downgrade’ if War Savings Counted as Deficit Reduction


via Congress Warned of Credit ‘Downgrade’ if War Savings Counted as Deficit Reduction – FoxNews.com.

“Senate Democrats’ inclusion in their proposed debt package of $1 trillion in savings from the wars in Iraq and Afghanistan may not satisfy ratings agencies threatening a credit downgrade since the wars were expected to end with or without a debt deal. ”

Wouldn’t you like to know when they talk about cuts, if cuts means absolute cuts or reductions in future growth rates? And, when exactly are they supposed to occur? Shouldn’t the media be more responsible and disclose this information?

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