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To: janetjanet998
Says if US loses AAA credit rating will be tax on all through higher interest rates.

Obama now lying about debt ceiling, says it does not involve new spending, just paying bills.

104 posted on 07/29/2011 7:58:03 AM PDT by kristinn (Lowering the IQ on FR since Jul 31, 1998)
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To: kristinn

We are going to lose our AAA credit rating because of HIS SPENDING!


116 posted on 07/29/2011 8:00:38 AM PDT by kcvl
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To: kristinn
Obama now lying about debt ceiling, says it does not involve new spending, just paying bills.

He got that line from Robert Reiccccccch.
217 posted on 07/29/2011 8:49:54 AM PDT by Eagle of Liberty (Shaking My Head on a daily basis)
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To: kristinn
Says if US loses AAA credit rating will be tax on all through higher interest rates.

Those higher interest rates will only apply on new bonds issued. Balance the budget, and there will be no need to issue new bonds. Then the poor saps who are purchasing bonds will be forced to invest their dollars in American business opportunities instead, resulting in a booming economy. Obama is fighting hard to make sure this doesn't happen.

238 posted on 07/29/2011 11:22:23 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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