THE DANGER IS FROM THE SPENDING CUTS, NOT THE DOWNGRADE

Pragmatic Capitalism ^ | 7-29-2011 | Warren Mosler

[tiki]

Get another credit card?

[Gaffer]

Well thought.... Government does in fact think of itself as 'value-added' and therefore a 'revenue product' which is probably included in Bernanke's absurd conclusion.

Of course you do realize, don't you that the majority of the people that vote for Democrats and RINOs cannot understand the very subtle, yet drastic effects that this government has on the economy - especially the outcomes of their oversight, regardless of whether their underwriting is large - or small.

Feelings (and resultant government meddling therefrom) won't place a gallon of gas in your car or a gallon of milk in your refrigerator at a reasonable price. But, if the leeching masses can get their gas or milk with money the government stole from someone else, why should they care?

They will only care when the government has finally beaten this free enterprise mule to the ground, unable to pull the plow any longer.....it will be a conflagration the likes this country has never seen.

[andy58-in-nh]

It’s going to get as ugly as you can possibly imagine, and thanks to the policies of the last two Administrations; it can no longer be avoided. Prepare yourself.

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