“He essentially admits a $2 trillion mistake but downplays its significance.”
No, it was difference of opinion on which baseline to use looking out to 2015. 1.5% of GDP projected out 4 years with every government agency except the Comptroller General cooking the books .. $2 trillion did not make enough of a difference in debt to GDP ratio to keep AAA.
BTW our debt has now surpassed our 2010 GDP.
If you want the truth listen to David Walker every chance you get.