Mash His Cute Little Nose
We're Looking For a Little Yellow
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Posted on 08/08/2011 6:17:21 AM PDT by markomalley
Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
With U.S. markets still to open after rival Standard & Poor's stripped the United States of its AAA rating late on Friday, Moody's said in a statement its own decision to affirm the AAA rating on August 2 was on the condition that further cuts were found.
"For the Aaa rating to remain in place, we would look for further measures that would result in the ratio of federal government debt to GDP, for example, peaking not far above the projected 2012 level of near 75 percent by the middle of the decade and then declining over the longer term," Moody's analyst Steven Hess wrote in a report.
(Excerpt) Read more at reuters.com ...
/sarc>
Nah...we need more tax hikes!
“Kill ObamaCare!”
Something tells me Democrats will sooner burn for a 100 years in the hell of their own creation then admit to the unpleasantness caused by their unconstitutional impositions.
But your right, we can save more then a trillion dollars in wasteful spending and many times more in regulations and taxes for the private economy if they just Kill Obamacare.
If Republicans had any backbone the repeal of that act of abomination (Obamacare) would be a precondition to any and all negotiation.
Yes, kill Obamacare.
Then Kill Foreign aid totally.
Place spending for Israel under Defense as they are our our only ally in the mideast and take all kinds of the aggression from Islam that’s aimed at us.
Have the public vote on Foreign aid on a country by country basis.
Eliminate the Alphabets and related ‘laws rules and regs’ except FBI/CIA
Open drilling.mining and jail any eco nut group that interferes
Short-mid term problem solved.
http://www.freerepublic.com/focus/f-news/2760708/posts
Rick Santelli Goes Off: “We’d Be BBB Without Tea Party!” (Video)
Gateway Pundit ^ | August 8,2011 | Jim Hoft
Posted on Monday, August 08, 2011 5:03:44 PM by Hojczyk
From the Video: Rick Santelli reacts to President Obama’s blame game when it comes to the downgrade of the United States of America’s credit rating. Santelli says that if it wasn’t for the tea party movement, America’s credit would have been downgraded to BBB.
He also responds to the argument that we have a revenue problem by comparing it to if his wife spending 30% more money then telling him to get 2 more jobs. Hat Tip Ed
http://www.youtube.com/watch?v=XifNbkwJUz0&feature=player_embedded
Moody’s better be looking over its shoulder, because I get the feeling that all kinds of new probes, investigations and regulations are coming its way.
Maybe Moodys is watching and waiting to see what happens to S&P. Right after the downgrade, the senate banking commitee announced that they were going to “investigate” S&P. Boy the dims in the senate got right on that one and quick. S&P is already getting trashed by baraq and his media.
baraq’s plan for the debt is to destroy the messenger.
Sounds like the preamble to an epitaph for Moody’s. They’ll get it from both sides now - investors won’t trust them for their ratings not being independent, but ideological; and the administration and its zombie hordes will consider them evil, and ‘picking on’ the chosen one.
Moody's would do well define "cuts." Is that cuts as in spend less money next year than this year, or cuts as in reduce imperceptibly the whopping 8% rate of increase that's already cooked into the books for next year?
On the other hand, since Moody's is licensed by the Federal government, perhaps it would do better simply to define cuts as suggested by the powers-that-be-and-grant-ratings-licenses...
More of NOTHING? There weren’t any cuts!
If the debate of the last few months could not get this Congress to make cuts and control spending then I would not expect them to do so now.
It just will not happen. The Will is not there to overcome the decade upon decades status quo.
I know the libs in the Senate are investigating S+P.
And that’s like the bank robbers investigating the bank because the bank was robbed.
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