Posted on 08/05/2011 6:52:37 PM PDT by NoLibZone
Yup, MSM is already blaming the Tea Party. Claiming that Hussein wanted a bigger deal and nasty conservatives blocked the needed revenue increases.
Yeah, I have a fixed loan. Definitely more inclined not to move in the near future since I would have to get a new loan though.
In the best scenario all that gold can do is partially hold your wealth through a very tough economic time - and that is only if you hold it pyhsically. In the mean time you’ll still have to deal with every day life in a severe global depression just like everyone else. Do you really think you’ll be able to cruise on down to the local grocery store and exchange some gold for bread when everyone else is starving? Do you think the grocery store will put up a sign that says, “Only gold accepted”? Only a stupid fool would walk into a grocery store with gold in their pocket when the masses are starving. It’s never going to happen. And in the coming scenario I would never trade my guns, ammo, food, clothing, etc., for gold. Would you?
Here we go...
We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues......if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal consolidation measures beyond the minimum mandated...
S&P is clearly recommending a “balanced approach”, which is Obama’s position. This report helps Obama.
Sorry but I have to call BULLSHIT on this one.
We were in a boat headed down river towards Niagara Falls at Half Speed. The only difference the Democrats and Obama made was to run the engines up to flank speed.
We would have got to this same conclusion with the likes of John McCain and the big spending RINOs. Just not as fast.
Here we go...
Yep.
Just like his wife, the both of them cannot handle the big stick. They even screw up their own raping of each other.
They cry and they moan, angry at those who can do. Watch us succeed from this one and the rage bleating in their eyes. It’s what the liberals want to deny us now, to fix it.
And the RINOs are all too willing to oblige, with their little butt hurt tears.
I cannot wait to see them feel like the bigotted words and terms and distortions of words they labeled us, in this pathetic fit of blasphemers.
Congress is possessed by the Temple of Doom
Gird your loins, Freepers. This is an economic nuclear detonation which may well relegate this country to the likes of Greece and Italy.
The states will fairly quickly follow over the next year....when the welfare checks fail to be mailed or fail to clear....our city streets will swell with malcontents and those requiring of the producers of this country that they pay for their needs.
This nation shall be in travail, with leadership without a clue how to deal with this mess. Their menu of choices, by definition, is filled with only wrong choices. It cannot fathom the idea of free market ideals creating the truth of profit for success and the failure of those individuals who fail to do so. Therefore
Yeah, they behave like the girl who is short and has an image problem, always attacking beautiful girls, angry and spiteful. US health hurts them. They do not feel part of it, or they are so gloomy and doomy drunks, they cannot see further than their noses.
You . . . you . . . you mean raising our own credit line wasn't the magic wand that would save our credit rating? That it was all about how much debt we were taking on compared to our income? . . . Like the credit rating of an ordinary man or a private company? You mean there isn't a special reality for governments, not even special, socialist Unicorn ones?
Somebody better phone the White House. They need to hear about this. And I wonder why S & P dropped this on a Friday night, when nobody watches the news.
Wow times have changed. Bernanke may have other thoughts.
The only thing that will help the U.S. now is for Obama to resign. That would immediately boost the markets. Obama is a total and complete disaster.
The options are more taxes or cut spending to make s&P happy.
I chose cut spending.
The entire planet would like nothing better than for the US to take or current debt x 10.
They don’t have to repay it.
@zerohedge zerohedge No S&P downgrade rumor 12 hours ago via TweetDeck
Message to these azzhats: Please resign. You SUCK.
Perfect description of your typical liberal Democrat.
Well maybe and it will be spun that way by liberals but what plan did Obama have on the Table? Do you have a link to an Obama or even a Senate proposal? His budget (increasing spending by 10 trillion over 10 years) couldn't even get one Senate vote.
None of these people are serious.
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