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The United States now joins this distinguished group as having more public debt than gross domestic product (GDP): Japan, Greece, Jamaica, Lebanon, Italy, Ireland, and Iceland.
1 posted on 08/07/2011 2:58:26 AM PDT by Right_Wing_Madman
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To: Right_Wing_Madman

If Obama & Crew gets the debt rating down to an F, what then? - Oopsy!? Unintended consequences?


2 posted on 08/07/2011 3:32:08 AM PDT by Twinkie (Is Obama using the Cloward-Piven Strategy?!? Yea or Nay?)
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To: Right_Wing_Madman

Ah, who cares.

Just print some more money, give the people a $200 check and they’ll be happy because MSNBC tells them all is OK.


4 posted on 08/07/2011 6:23:31 AM PDT by Red6
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To: Right_Wing_Madman

“The United States now joins this distinguished group as having more public debt than gross domestic product (GDP): Japan, Greece, Jamaica, Lebanon, Italy, Ireland, and Iceland.”

Unfortunately, Obama probably thinks it will be a feather in his cap to race to the top of this list. After all, such a move would be unprecedented, hence “historic.” This narcissist’s legacy is secure: he definitely will go down in the history books and likely will not be forgotten for centuries.

His administration either will mark the fatal turn left that toppled America’s standing as the leader of the free world or it will mark the point at which the U.S. came closest to fatally driving off the cliff only to be rescued in the nick of time by a president elected in 2012 who was visionary enough to dismantle all the destructive policies put into place in the first two years of the Obama administration.


5 posted on 08/07/2011 6:53:43 AM PDT by DrC
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