Moodys: Another US Credit Rating Downgrade is Nigh

Discussion in 'Economy' started by RoadVirus, Sep 12, 2012.

  1. RoadVirus
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    RoadVirus <insert pithy title here>

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    This is what we can expect if our Failure in Chief is re-elected.

     
  2. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Its hard to reduce debt when liberals cant reduce the spending they need to buy votes!!

    Is it legal to subvert our Constitution this way??
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    Looks like RV called it right - Looks like we're getting downgraded - again...
    :eusa_eh:
    State Dept. Briefing for Foreign Reporters: ‘We’re Going to Get Downgraded’
    November 7, 2012 - An economic analyst invited by the State Department to brief a group of foreign journalists on the U.S. economy on Election Day responded to a question from a reporter from the Egyptian newspaper Al Wafd by predicting that U.S. Treasury securities—the means by which the U.S. government finances its debt--will be downgraded again.
    See also:

    Stocks Slammed by Fiscal Cliff Fears
    11/07/12 --- The major U.S. equity averages were plunging Wednesday worries about the fiscal cliff rattle investors in the wake of Tuesday's status quo election results
     
  4. AmyNation
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    AmyNation Road Warrior Supporting Member

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    That's what happens when you print more money. Awesome.
     
  5. Nova78
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    Nova78 Silver Member

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    We borrow 30 cents for every dollar we spend, we are already in the shitter with the liberal demwits.......womb to the tomb entitlements wil come back to haunt us.....:eusa_eh:
     
  6. Rozman
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    Rozman Gold Member Supporting Member

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    You would think that this would be a concern to Libs....

    Wait,what was I thinking.... :lol:
     
  7. Politico
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    Politico Gold Member

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    Can you repeat your post? I can't hear it over the sound of the printing presses spooling up.
     
  8. oldfart
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    oldfart Older than dirt

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  9. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    too stupid!! they are all rushing to get 0% interest because nothing anywhere on earth pays more with any safety. Most of the world is more liberal, irresponsible and broke than we are. The only secure thing these days is the liberal's willingness to tax responsible people who have a surplus from being fiscally responsible.

    This is hardly a good thing when money is supposed to flow where it gets the highest return by contributing most to an increasing standard of living! Government merely wastes money, does not invent new products, and so makes no contribution whatsoever to an improving economy.

    A little Econ 101 for you! Why not wait till college before you post here?
     
    Last edited: Nov 8, 2012
  10. oldfart
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    oldfart Older than dirt

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    I used to teach Econ 101 at UNC Chapel Hill, along with statistics and a few other courses in the late 60's. Perhaps you can enlighten me as to when and where you passed your doctorals in economics?
     

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