[PGalt]

On Friday, Standard & Poor’s downgraded Belgium’s credit standing to AA from AA+, saying it might not be able to cut its towering debt load any time soon. Ratings agencies this week cautioned that France could lose its AAA rating if the crisis grew. On Thursday, agencies lowered the ratings of Portugal and Hungary to junk.

UNaccountable bureaucracies are junk and their bureaucrats need to go. Are you listening Congress?

[buzzer]

“UNaccountable bureaucracies are junk and their bureaucrats need to go. Are you listening Congress? “

The only reason the US ain’t considered junk either is that the FED is printing 24h/7d. The germans insist on not let the ECB printing more money (The american way) but on cut spending.