Posted on 07/30/2011 12:04:01 PM PDT by bruinbirdman
"If we do not come to an agreement, we could lose our country's AAA credit rating. Not because we do not have the capacity to pay our bills. We do. But because we did not have a AAA political system to match our AAA credit rating. Make no mistake, for those who say they oppose tax increases on anyone, and lower credit rating would result potentially in a tax increase and everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards, and that is inexcusable," President Obama said on Friday morning.
(Excerpt) Read more at realclearpolitics.com ...
The only thing that has kept the stock market from a panic is the few holdouts in the House that don’t want taxes raised.
Businessmen of wall street understand companies go bankrupt and default all the time, it’s expected. It’s more taxes being thrown into a black hole of debt that would unnerve the markets.
Of course, what would Congress know about running a business unless it had ‘incentives’ ‘special tax treatment’ ‘bailouts’ ‘protections’ ‘lobbyists’ ‘exemptions’ involved.
Obama himself is one turd of that political system....
Well, what 0bama really meant by having the “capacity” to pay bills is the ability to raise the debt ceiling and keep borrowing. In the twisted financial minds of many in government, deficits don’t matter if you can continue to borrow.
We don’t have a AAA political system because our President is running up debt at a D for default rate.
The Dems are the only brain dead specie who love democracy when it gives them power and then hate democracy when it takes it away or just threatens to take it away.
STFUBO
FUBO
ESADBO
I’m going through a whole lot of soap lately washing my mouth out. :[
Obama: “We Do Not Have AAA Political System To Match Our AAA Credit Rating”
Translation:
Obama: “The revolution where the exploited get to dictate to their exploiters is here!”
I’m rich!! Woo hoo!! My credit cards aren’t quite maxed out and if they do get that way, I can just get some new ones!!
We have the number one political system in the world, the fact that no one can have their way is evidence of this!
The guy is a Marxist.
But I'd say you are being a little too kind to the _resident.
Where was Peolsie’s budget for the last 2 years?
Where was Reid's budget for the last 2 years?
Who verbally assaulted Congressman Ryan's Plan live on national TV? Why did the Senate table that bill?
What Debt/Ceiling plan passed the House with a bipartisan vote?Why did Reid table it?
Why did you propose a budget that was voted down in the Senate 97-0?
Obama, Reid and Pelosie STFU and eat your bloody peas. EPIC FAIL!!!!
We used to have a AAA political system. Hmmm, hmm, hmm, what has changed?
We used to have a AAA political system. Hmmm, hmm, hmm, what has changed?
I love the last one!
It only works AAA level when there’s NOT a socialist scumbag in the Whitehouse.
I kinda like STFUBO.
That said, we’ve got to be more unified in opposing him. He and the press got a golden opportunity this week to show the GOP circular firing squad in action, and of course that was trumpeted all over the place.
We need to get our forces aligned and stop giving him an opening.
That said, I think he plans - and has been planning all along - to do something “unilateral,” because that’s the Alinsky way (and I’m sure Bill Ayres is whispering in his ear every day, because Bambi is dumb as a post and only does what he is told to do for the leftist cause).
The Dems won’t oppose it at all. The question is whether the GOP will be united enough to oppose it and get the kind of popular support necessary to make him STFU. Not if we keep on the way we have been going...
Abditive African Alien
Candor7 recognizes The Alinsky Code.
yitbos
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