Jobless rate falls to 7.8 %

[whell]

Originally Posted by bobabode

You are obviously proud of your membership, whell. Let me pose a question, why are you proud of the Budget Control Act? Why do you think this is necessary? This will more than likely result in another downgrade in the credit rating of the U.S., why do you think this is worth the cost.

First, not a member. Second, exactly how will sequestration - which I assume is the portion of the act that you're referring to - result in a credit downgrade?