Credit Downgrade Due to Poor Compromise

Deneen says the decision by Standard and Poor’s to downgrade the credit rating of the United States is likely based on the recent debt ceiling compromise not offering a valid solution to government spending. Deneen suggests that reconsidering onerous regulations and adhering to a stronger budgetary agenda such as conservatives’ “Cut, Cap and Balance” proposal might improve America’s fiscal reputation among financial institutions.

Joining Deneen in this discussion on the 8/7/11 edition of “Fox and Friends” on the Fox News Channel is host Juliet Huddy as well as liberal commentators Brian Benjamin and Maya MacGuineas.