Taken from editorial: http://news.yahoo.com/blogs/ticket/choosing-prediction-predictor-u-ongoing-debt-crisis-190729155.html
In an election that stresses fiscal responsibility and knowledge, candidates often exaggerate a problem that is relatively non-existent in this country. The ongoing debt crisis is a serious problem in the eyes of the American people, but not for the reason presented in such presidential debates. Most politicians recently have been focusing on raising revenue to sustain government spending. But the problem is not the governments budget, but its credit rating. If the United States do fall into a credit default most of the large corporations would be forced out of the countries, something revenue cannot prevent. So instead of focusing on raising the governments budget, politicians should be focusing on a way to get investor confidence back to the United States; a matter that has not been stressed enough in Congress because there is relatively no media coverage for presidential candidates to feed off of.
In an election that stresses fiscal responsibility and knowledge, candidates often exaggerate a problem that is relatively non-existent in this country. The ongoing debt crisis is a serious problem in the eyes of the American people, but not for the reason presented in such presidential debates. Most politicians recently have been focusing on raising revenue to sustain government spending. But the problem is not the governments budget, but its credit rating. If the United States do fall into a credit default most of the large corporations would be forced out of the countries, something revenue cannot prevent. So instead of focusing on raising the governments budget, politicians should be focusing on a way to get investor confidence back to the United States; a matter that has not been stressed enough in Congress because there is relatively no media coverage for presidential candidates to feed off of.
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