FITCH SAYS THE U.S. WILL LIKELY OVERTAKE FRANCE AND GERMANY TO BECOME THE MOST HEAVILY INDEBTED “AAA” RATED NATION IN 2009.
FITCH SAYS THE U.S. WILL LIKELY OVERTAKE FRANCE AND GERMANY TO BECOME THE MOST HEAVILY INDEBTED “AAA” RATED NATION IN 2009.
Quick, shoot the messenger!
That doesn’t even count the mountain of other liabilities the US Government has underwritten, like pension funds, each backed with the “full faith and credit” of the federales. Sounds impressive, but ask any Brazilian about the “full faith and credit” of a government that has gone trough money like Michael Moore through a Chinese buffet.
There should be a law limiting the fiscal short-sightedness and stupidity of legislators… this kind of ‘special’ spending should be voted on, not enacted by a few select politicos whose motives are questionable.
Not only that, this act of punishing and indebting us (the innocent) because of the actions of a greedy few and some past legislators mistakes, and the oil/power-mongers hatred of the Western countries who helped them gain the technology to become oil rich, is just not just or FAIR!!!!
It is entirely fair. We get the government we vote for. The idiots that have done this to us…ultimately…are us. If we don’t clean house and un-elect every single person that voted for this vile transfer of debt, we deserve what we get. We need to not only vote out the rascals, but carefully vote in folks that will undo this injustice. The power is ours…we the people. We can throw up our hands and succumb to the elitests who have committed this crime against us, or we can fight back at the ballot box.