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United States credit rating downgraded again

Discussion in 'Political Issues' started by G19G20, Apr 9, 2012.


  1. JBnTX

    JBnTX Texas

    19,751
    3,833
    Aug 28, 2008
    Texas
  2. G19G20

    G19G20 Status Quo 2014

    2,004
    0
    May 8, 2011
    That whole "spending 40% more than we take in" thing. The Federal Reserve ended up purchasing 61% of all federal debt issuance last year. The deficit spending just isn't sustainable and we're losing our ability to pawn off our debt onto greater fools around the world.
     
  3. sounds like we're losing the battle of the fools
     
  4. QNman

    QNman resU deretsigeR Silver Member

    9,966
    418
    Oct 5, 2005
    St. Louis, MO
    Unfortunately, most of us shouldn't be surprised. More unfortunately, this is only a big deal when a Republican can be blamed. Although right about now, I blame them all.

    TEOTWAWKI is almost here. It just isn't going to look like the movie version.
     
  5. aircarver

    aircarver Ride Continues Silver Member

    Why should the government be any different from any other out-of-control spendthrift that is living well beyond his mean ? ....

    .