Lets say the downgrade hurts the us treasury ego. More than the economy, the way ive described it to our clients is that if i was a pilot of an airplane and you are the passenger, its going to get very bumped be put on your seat belt, but the airplane is not going to crash. Were still going to get to our destination, which i think will be higher than it is today, both the s and p and the del majority. Leaders are the reasons for the downgrade, include, which, which describes as an erosion of government, including consensus last minute, congressional debates in june over the 32. 00 trillion dollar debts. The attack on the capital 2 years ago didnt help with any sliding between democrats and republicans. Brewing for years, analysts say, is now reached a boiling point, and we are polarized, where is polarized as weve ever been. We will know that between the democrats, republicans, we cant seem to Reach Agreement on anything. Investors look at Credit Ratings to evaluate their own investmen
Hello and welcome to the fact that loves the whole robin. The credit score of the worlds biggest a call to be downgraded. The Rating Agency fits, says it evaluated several factors before lowering Americas School from aaa to double a plus. But the core of the issue is spending, which many se is out of control. Political divisions also weighed heavily. So will this downgrade sway investors . What impact will it have in washington . Yeah, before the next to us president ial election, well get to those issues with all guess in a moment that says this report by category lopez hold on and its not the assessments the Us Government was hoping for. But the reading agency, such as defending this decision to downgrade americas credit score from triple 8 to double 8 plus it says washington has a major spending problem. It hasnt managed to control. Most analysts agreed, lets say the downgrade hurts the us treasury ego. More than the economy, the way ive described it to our clients is that if i was
Hello and welcome to the fact that loves the whole robin. The credit score of the worlds biggest a call to be downgraded. The Rating Agency fits says that evaluated several factors before lowering Americas School from aaa to double a plus. But the core of the issue is spending, which many se is out of control. Political divisions also weighed heavily, so will this downgrade sway investors . What impact will it have in washington . Yeah. Before the next to us president ial election, well get to those issues with all guess in a moment that says this report by category lopez hold on and its not the assessments the Us Government was hoping for. But the reading agency, such as defending this decision to downgrade americas credit score from triple 8 to double 8 plus it says washington has a major spending problem. It hasnt managed to control. Most analysts agreed, lets say the downgrade hurts the us treasury ego. More than the economy, the way ive described it to our clients is that if i was
Senators return from thanksgiving break next week. Former texas senator phil graham, visiting scholar in American Enterprise institute. Senator, great to see you. Thanks for coming in. Great to see you, paul. Paul you have seen a lot of tax legislation in your day, helped pass good legislation, how do you see the two bills now just as policy, as tax and Economic Policy good or bad . I think they are both good represent good policy. I think the debate is that a lower level than i have before seen, people forget that 56 democrats in the house voted for the reagan tax cut. The tax reform in 1986 got huge bipartisan votes. Its ashame that things are as partisan as they are. Paul yeah, thats where we are right now. I think they will get no democratic votes in the Senate Unless republicans show they can pass it. But do you think theres enough progrowth policy in these bills to energize the economy over next two or three years, get up to 3 growth annually plateau . Well, first of all, the eco
Senators return from thanksgiving break next week. Former texas senator phil graham, visiting scholar in American Enterprise institute. Senator, great to see you. Thanks for coming in. Great to see you, paul. Paul you have seen a lot of tax legislation in your day, helped pass good legislation, how do you see the two bills now just as policy, as tax and Economic Policy good or bad . I think they are both good represent good policy. I think the debate is that a lower level than i have before seen, people forget that 56 democrats in the house voted for the reagan tax cut. The tax reform in 1986 got huge bipartisan votes. Its ashame that things are as partisan as they are. Paul yeah, thats where we are right now. I think they will get no democratic votes in the Senate Unless republicans show they can pass it. But do you think theres enough progrowth policy in these bills to energize the economy over next two or three years, get up to 3 growth annually plateau . Well, first of all, the eco