Harry Reid: pants on fire

Regarding the US debt downgrade by S&P, from S&P: Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing. Regarding the US debt downgrade by S&P, from Harry Reid (pants on fire): This makes the work of the joint committee all the more important, and shows why leaders should appoint members who will approach the committee's work with an open mind - instead of hardliners who have already ruled out the balanced approach that the markets and rating agencies like S&P are demanding. So S&P has explicitly disavowed any position on the tax/spending mix, yet Harry Reid claims S&P "demands" taxes be a part of any approach.  This obvious disconnect has two explanations, either a) Harry Reid is incompetent (he didn't bother to read the S&P release) or b) Harry Reid is lying. Fool or liar, both are excellent...(Read Full Post)