Would the Bill "Cut, Cap and Balance" have Prevented the Downgrading of the USA's Credit Rating with Standard and Poors?!

According to John Chambers, the USA credit downgrade could have been prevented had the Congress agreed to 4 Trillion in cuts over the next ten years. All our lawmakers could agree too was between 2.1 trillion to 2.4 trillion!

Quote from John Chambers: "The rating was motivated by a number of factors, one was the political gridlock in Washington, which makes us think it is going to be difficult for elected officials to put the fiscal profile of the U.S. Government on a long term sustainable path. And part of it was because of the fiscal path itself--- debt-to-GDP at the all-in level, the states and local governments and the federal governments in that of liquid assets is about 75% of GDP. And that's going to trend up over the next decade unless we get additional fiscal measures than what we got on the table now."

As I read this quote, I see that had we come up with $4 trillion instead of $2.4 trillion we would have portrayed meaningful deficit reduction intentions. Obviously, Cut. Cap and Balance would have been even better!

Additionally, I see that Mr. Chambers and the S&P; are not confident that we will get our political act together! I see here a light at the end of the tunnel, my friends. How do we break the gridlock in Washington and regain our fiscal sanity and with it, our credit rating? IT IS CALLED the ELECTIONS of NOVEMBER 2012! The choice and the Nations fiscal sanity are in OUR HANDS!