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| Economy |
| Obama speech prompts S&P downgrade |
| 2011-04-19 |
| The ratings agencies are hardly the last word on U.S. economic health. But the S&P outlook is a warning to the White House that financial markets have noticed that this President seems to have decided that his path to re-election lies in demonizing his opponents rather than seeing to the nation's fiscal well-being. Some day the rest of the electorate may notice that the nation's fiscal well-being has NEVER mattered to this President. Or maybe they'll 'get used to it', and go down the drain. |
| Posted by:Anguper Hupomosing9418 |
| #3 How on earth can we ever repay $14.3 Trillion dollars in debt? It's easy. Just fire up the printing presses. |
| Posted by: Ebbang Uluque6305 2011-04-19 11:43 |
| #2 Wow! Boy was I a piker. I left a budget surplus, thank you Newt and good luck. The WSJ says that we have a 14.3 TRILLION dollar debt and a 4.3 TRILLION budget deficit this year. The good old WSJ (I wonder if any other Dems read that) says that you could sieze the assetts and confiscate all earnings (taxing at 100% is what Nancy would say) of anyone making more than $90K a year and only come up with $4.3 Trillion. The total assetts of the "rich" and that definition changes everyday, okay let's say only people making over $1.0 million, if you taxed them at 100% and took all of their assetts, land, donkey, savings, stocks, girl friends, boat, dog and hot tub, you would only come up with $1.4 Trillion. I think S&P actually read the WSJ article and did the math. How on earth can we ever repay $14.3 Trillion dollars in debt? We've had our economy guided by the democrats since George W's second term. They've been in control of spending for six years and they managed to undo in six years what it took the american people to accomplish in 65. It's ghastly. The only solutions are draconian and we all have Nancy, Harry and the empty suit to thank. So next time a lib friend of yours starts with the name calling when you quote facts, look him in the eye and say "calling names and making wild accusations is all your party has done for twenty years. When are you going to quit acting like spoiled children and help with a solution?" |
| Posted by: Bill Clinton 2011-04-19 10:36 |
| #1 Obummer has left Carter far behind in the rear view mirror. |
| Posted by: JohnQC 2011-04-19 10:13 |