Tuesday, April 19, 2011

S&P Downgrades U.S.

I don't think enough people are really paying attention to this situation. We are in deep trouble and it's going to get worse before it gets better.

This is not rocket surgery. The U.S. credit rating is dropping which means we will have to pay a higher interest rate to borrow money. How are we going to service that debt? Higher taxes? Yes.
Less services? Yes. Less security? Yes. Less freedom? Yes.

The republicans are saying this is a "wake up call"? Well they have been asleep for some time now so I guess it is for them but I would think that the Tea Party explosion, the ballooning debt, the midterm elections, etc. would have already shook them from their slumber.

Daily Caller

1 comment:

Donkeyhue said...

I love how the WH dismisses the downgrade as just a "political act" now fucking shit its political, and theyre saying Obama's politics suck on this issue.