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America's Bond Rating Downgraded For the First Time in History

  1. uncorrectedvision profile image60
    uncorrectedvisionposted 6 years ago

    What should have been done?  Where was the leadership?  Where were the Republicans?  Is the motto of the Republican leadership, "never squander an opportunity to squander an opportunity?"  The bond rating agencies made it clear that without aggressive debt reduction, America's bond rating would be down graded.

    While the economy tanks the Democrat leaders want to raise taxes and slaughter what little animal spirit is moving in the economy and create the second Democrat Great Depression.   Though stopped by Republicans from that disastrous action they were still permitted to increase the national debt resulting in an increase of $7trillion over the next ten years.

    Republicans should have fought on and called the bluff of a man whose idea of brilliant negotiating technique is "don't call my bluff."

    The Republicans need to change their rallying cry from, "don't trust the Tea Party," to something more befitting the nature of the event.

    We few, we happy few, we band of brothers;
        For he to-day that sheds his blood with me
        Shall be my brother; be he ne'er so vile,
        This day shall gentle his condition;
        And gentlemen in England now-a-bed
        Shall think themselves accurs'd they were not here,
        And hold their manhoods cheap whiles any speaks
        That fought with us upon Saint Crispin's day.

    (St. Crispin's Day is October 25th - a good day to finally settle the budgetary issues and cut real spending)

  2. Evan G Rogers profile image75
    Evan G Rogersposted 6 years ago

    It's about time it got downgraded.

    Our bonds are worthless.

    1. uncorrectedvision profile image60
      uncorrectedvisionposted 6 years agoin reply to this

      Worthless is a relative term.  Even the vaunted gold standard you so love only works if gold is awarded value.  All values are ascribed.

  3. Moderndayslave profile image60
    Moderndayslaveposted 6 years ago

    Maybe congress will learn something.They surely don't care what we think.

    1. uncorrectedvision profile image60
      uncorrectedvisionposted 6 years agoin reply to this

      Some in Congress have learned but they are castigated in the press, by Democrats and by old time Republicans.