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(US) MOODYS PLACES US AAA ON REVIEW FOR DOWNGRADE

Posted on July 14, 2011 by Kendall Harmon

Yuck. Read it all and there is now a lot more there.

Posted in * Economics, Politics, Budget, Economy, House of Representatives, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, The National Deficit, The U.S. Government

2 comments on “(US) MOODYS PLACES US AAA ON REVIEW FOR DOWNGRADE”

  1. AnglicanFirst says:
    July 14, 2011 at 4:24 am

    I know that some may call this an over-simplification.

    But, if I were in debt to some credit card companies and I decided to pay off those debts, by borrowing from some other persons offering credit, wouldn’t I be accused of putting off at greater cost to myself the debt that I already owed.

    And, if I couldn’t pay back the debt that I incurred to pay off the original debt that I owed, wouldn’t I be guilty of theft of some sort?

    Paying off a debt by printing money that devalues the buying power of money already held by other persons is a form of theft, at least ethically, is it not?

  2. Archer_of_the_Forest says:
    July 14, 2011 at 7:37 am

    AnglicanFirst…you’re trying to apply logic to the Federal government. That just makes matters worse. 😉