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Ireland just got downgraded to junk and needs a second bailout as well.
Moody's cuts Ireland to junk, warns of second bailout - Yahoo! News (http://news.yahoo.com/moodys-cuts-ireland-junk-warns-second-bailout-194239202.html - broken link)
The PIIGS are falling apart again.
Hadn't heard Ireland was back at the table with hands out. House of cards crumbling before our eyes.
But, keep in mind, the GOP's bosses on Wall St and probably the US Chamber, are pretty concerned about the TParty led refusal to pay our debts. At least this way, McConnell and the remaining Repubs would be able to blame it all on Obama. That might satisfy the TPers a little.
Where are you getting that the Tea Party is refusing to pay our debts? Opposing raising the debt ceiling only means we can't borrow more. It has nothing to do with us paying the debt we have.
We have plenty of money to pay the debt. And that should be the priority. Anything left over can be used for entitlements.
Well, need to accept when one makes bad investment. I am not sure why anyone would invest in a Euro based economy and the institutions within.
I agree but with the IMF and US dollars sitting there ready to bail em out and seeing how their buddies in the US got billiions for bad investments heck why not?
He is so full of it. I hope that Americans are smart enough to see through these scare tactics.
Payments do continue if the government stops. It's the non-essential services and people ..LIKE HIS PAID ADVISORS and STAFF that will get the boot. Guess Michelle will have to start cooking dinner and clean the WH.
Trust me, we American are smart enough, but when more than 40%, maybe 50% now are taker of the system, then this is the path we are going.
If we have more giver than taker, then we will not have this problem.
I mean, who in the taker group will their benefit taken away? They represent more than 50% of the vote.
Then the senior citizens just walk on over and sign up for welfare and medicaid.
Obama will NEVER cut those programs. And they can get free cell phones while their at it.
Many are already on food stamps and those that aren't well sign on up.
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