By the way folks, a really good indication of what is going to happen will play out in the markets. Have you seen the stock market crater? Has the price of gold shot through the roof of late? Has the dollar dramatically dropped in price?
No, no, and no. While the maladministration is trying to jawbone the apocalypse, the markets aren’t buying it. Nor should we.
Lew is fear-mongering. He expects us to cave in the face of his blackmail attempt. Congress should demand his resignation.
Or is it a case that the regime has cried wolf too many times?
I’ve heard both outcomes now. Catastrophe and Moody’s statement of confusion at the scare mongering, because there is plenty of income to service the debt.
The only thing I can really think is the United States financial books are truly ‘cooked.’ The President knows it, Reid knows it, and Boehner knows it. In my mind there can only be one of two things true.
Either Moody’s conclusion or the Regimes conclusion. One is real that other is a crime of massive proportions.