Late yesterday, word leaked out that Standard & Poors was getting ready to reduce the credit rating on the United States of America, despite the passage on Tuesday of a new Bill raising the debt ceiling. President Obama immediately went on the muscle, claiming that the math used by S&P was wrong and insisting they had better not downgrade U.S. debt. One government official blamed the S&P move on Republican insistence that the Bill not contain tax increases. Late in the day, long after agreeing to recompute its analysis before releasing its final decision, S&P announced that U.S. debt has been downgraded from AAA to AA+ and said that it was making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation.
COMMENTS:
Obviously, the President’s math is still fuzzy and his clout
has been diminished. S&P obviously
agrees with my position that the legislation as passed did absolutely nothing
to resolve the crisis. This is a damned shame.
In fact, it’s a God damned outrage,
what Obama and his stooges have done to this country.
TODAY’S QUERIES & ANSWERS:
Q. I think the Tea Parties over did it and that they will
soon be extinct. (Ray ~ Chicago, IL)
A. Obviously, you attended Obama’s birthday party and
received full indoctrination. The loud
and rancorous name calling serves only to underscore the fact that the
Democrats cannot stand fiscal responsibility.
Q. How can they have the guts to blame the economic
condition of the country on the Japanese earthquake and tsunami, Haiti, the gulf oil crisis, Italy, Greece, George Bush and
everything else under the sun but themselves?
And, where do they get off saying the big reason the economy is bad is
because they didn’t spend enough on the stimulus bull? (Carla ~ San Bruno, CA)
A. It’s all about “change…” change you can believe in.
Q. Nancy Pelosi started a “Green the Capitol” campaign and
now it is being dumped? (Leland ~ Redding,
CA)
A. Yes. It was
redundant and costing unneeded money. Believe it or not, Nancy had a hissy.
TODAY’S QUOTE:
“A man can fail many times, but he isn't a
failure until he begins to blame somebody else.” ~ John
Burroughs
TODAY’S VIDEO:
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