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Re:United States loses AAA credit rating from S&P by onedognight on Friday August 05, 2011 @10:10PM (#2852685)
> would go a long way to balancing the Federal budget

> as reducing the deficit goes, I have less insight into this

Balancing the budget is exactly reducing the deficit. It's the debt I suspect you have less insight into.

Frankly it's an embarrassment that they could only agree lower the deficit by less than 10%. They are a long way from addressing the debt.

Re:United States loses AAA credit rating from S&P by aaronbrethorst on Saturday August 06, 2011 @02:14AM (#2853225)
Yes, you are correct. Long day and I'm confusing terms :)