QE3 Sparks U.S. Credit Ratings Downgrade From Egan-Jones

[taft2012]

This kind of got buried by all the good news from Obama's unparalleled successes in the Middle East:

http://www.foxbusiness.com/government/2012/09/14/fearing-qe3-egan-jones-downgrades-us-again/



Fearing the negative repercussions of the Federal Reserve’s latest easy-money program, ratings firm Egan-Jones once again slashed the U.S.'s credit rating on Friday.

The latest downgrade brings the firm’s rating on the world’s largest economy down to “AA-,” which is three notches below the coveted “AAA” threshold.

I may be wrong, but I seem to recall one of the "economic messes" Obama inherited from President Bush was that coveted "AAA" rating.

Now it's been pissed away, along with our international standing, and our future.

[red states rule]

Well why not? We are seeing gas prices continue to go up, inflation kicking in, unemploymenbt getting worse, and people are closing their wallets

And yet we are told by the liberal media to reelect Obama so we can get four more years of this hope and change

Right now we the taxpayers pay over one quarter of a trillion dollars in intrest on the debt. How much more will we have to pay thanks to another accomplishment by Pres Obozo?

[taft2012]

Right now we the taxpayers pay over one quarter of a trillion dollars in intrest on the debt. How much more will we have to pay thanks to another accomplishment by Pres Obozo?

Ding! Ding! Ding! Give this man a cigar!

Interest are going up, how soon before basically *ALL* of our tax dollars go to paying *INTEREST* on the debt?

Imagine a scenario where *ALL* of your take-home pay went to making the *minimum* payments on your credit cards? And at the same time your wife is still running around shopping 'til she drops?

[red states rule]

Ding! Ding! Ding! Give this man a cigar!

Interest are going up, how soon before basically *ALL* of our tax dollars go to paying *INTEREST* on the debt?

Imagine a scenario where *ALL* of your take-home pay went to making the *minimum* payments on your credit cards? And at the same time your wife is still running around shopping 'til she drops?

I has siad before Mitt and Ryan need to present a BALANCED budget now and one that takes effect the first year they are in office

We no longer can keep adding to balance due on the nations credit card. It is time to pay the bill and the harsh medicine must be taken NOW