Posted on 07/13/2011 2:41:49 PM PDT by kcvl
Barack Obama, presenting Moody's largest shareholder with some serious bling.
The first thing the GOP needs to do before that bill is pass a bill guaranteeing SS and Medicare benefits to seniors. If the Rats reject that then if we do go into default Obama can't play the fear card.
bingo. tHEY SHOULD DO THAT ASAP AND THEN LET OBAMA STEW IN IT.
That cinches it.
The Obama Administration is behind this 100%.
This just doesn’t make sense to me. Let’s say I owe 10k on my credit card that has a 10k limit, and the bank strongly recommends that I sell something and pay it down, or stop using the card. Then the Credit Bureau downgrades my credit rating because I refuse to increase my credit limit which is already more than I can afford. How credible can the Credit Bureau actually be?
September, 2008:
Wait! We've GOT to bail out these banks! They're to big too fail!! If we don't do TARP, all Hell will break loose! The country will be ruined!
July 2011:
Wait! We've GOT to increase the debt ceiling! If we don't, all Hell will break loose! The country will be ruined!
Calling all fools! Be on the lookout for Henny democrat Penny and her media shills!!! Your shame is waiting...
I sure wish that we could have put all these rating agencies out of business when it became so provably obvious in 07 that their ratings were for sale, and had nothing to do with quality at all. Of course that would mean all the big bankers and such would have been exposed as well so we could not do that.
Now we have ratings agencies threatening our credit rating because we may not keep borrowing. Never-mind that we will still have the money to pay interest on out debt, and we will still have money for SS for a little while too. Remember that for a little while SS still takes in almost enough to cover itself.
Here is moody’s saying borrow more money or you will loose your credit rating. Exactly backwards. Well what it proves is that the ratings agencies are part of the scam to drive America into ruins, and lay the conditions to bring in the new world economic system. Everything is corrupt at this time.
Oustanding post!
I don't think there is a single organization that deserves more credit for O's election than Moody's. Some day someone will write that book.
Regards,
TS
And he’s pulling in tens of millions again. Anybody wanna guess where it’s coming from?
Can you say “Downgrad Risk?”
Or “Credit Risk?”
I knew you could.
Ride, Bond Vigilantes, Ride!
bump
Fucked up beyond belief!
>>> Well the GOP will cave for sure now..
Well, If you were Moodys... would you downgrade if the US increased it’s debt limit or stayed firm on the cap?
Republicans need to take note...
Moodys just issued a warning NOT to increase the debt limit...
UNDER ANY CIRCUMSTANCES!
I hope there is a default. All that would happen is that Obama would not have money to pay his ACORN guys billions and his Union thugs friends billions.
Monthly US GOV REVENUE...about 200 billion.
Debt Sevice US gov, monthly....30 billion
thats 170 billion to run the rest of the government per month, and Obama wants that 170 billion in spendable monthly revenue increased to over 300 billion per month through taxation and borrowing.Hopey Changey? Redistribution of wealth? I aint paying his taxes. I will leave the USA first.
BOEHNER SHOULD STOP OBAMA COLD.
Default? BRING IT.
Jul 13, 2011 – Cantor: “The president told me, ‘Eric don’t call my bluff, you know I’m going to take this to the American people. He then walked out.”
President Barack Obama abruptly walked out of a stormy debt-limit meeting with congressional leaders Wednesday, a dramatic setback to the already shaky negotiations, according to GOP sources.
“He shoved back and said ‘I’ll see you tomorrow’ and walked out,” House Majority Leader Eric Cantor (R-Va.) told reporters in the Capitol after the meeting.
Obama is all twitchy. Why even meet with him? Congress needs to pass a budget, and eff Obama. And then they should pass laws directing Treasury to pay social security, the military etc.
The fact is that this is all about funding Obama’s social planning programs, Acorn ( 8 billion) , the unions, Barako Care, and all the other socialist crap we do not want.Default? Sure. bring it on, and save our nation from socialism.
Thank you. It just amazes me that only the banks get all of the blame for the financial crisis, when the rating agencies like Moody’s, S&P and others gave their AAA ratings out on the worst mortgage backed securities.
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