Rating Agencies Warn Further Downgrade Without Deficit Plan

[Dammy]

http://www.newsmax.com/Newsfront/fe...n/2012/05/26/id/440363?s=al&promo_code=F07C-1

Coburn agrees. “We should see another downgrade because we have not done the structural things that will fix our country. If you look what’s getting ready to happen to us, in another five years, we’re going to have $22 trillion worth of debt. We’re going to have 120 percent of our total GDP in debt. If you look at historic interest rates, we’re going to be paying $800 billion a year in interest. Where are we going to get that money?” he warned in the Face to Face interview.​

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It will be sooner then that and worse then that. ​

 

[faethor]

To rephrase you're asking why the Republican run Budget Committee in Congress is failing to do their job?