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)
It's about time it got downgraded.
Our bonds are worthless.
Maybe congress will learn something.They surely don't care what we think.
by Person of Interest 7 years ago
Markets are starting their crash and burn.An interesting week lies ahead…
by Stacie L 6 years ago
NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.The trigger would be a likely failure by Congress to agree on a...
by Man from Modesto 6 years ago
Standard & Poor's just downgraded 8 European countries. So what? Grade A bonds are the new AA bonds.I'm looking for some input from the finance crowd.
by Jimbo'daNimbo 6 years ago
http://www.marketwatch.com/story/egan-j … 2012-09-14I am sorry folks.All this just ain't working.And four more years of the same thing will just mean more downgrades.
by David Stillwell 6 years ago
As voters, Why are we excepting either Romney or Obama as presidential candidates for 2012.The argument over leadership and leadership abilities, lost job, jobs sent overseas, economic policy, foreign policy, national and foreign debt, national banking and international banking issues, has raged......
by fishskinfreak2008 9 years ago
So President Obama's approval rating after one month is...only 68%. Our expectations of him on Inauguration night were too high. His approval rating back on Jan. 20 was around 80%.
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