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Submitted by Tyler Durden on 08/07/2011 23:07 -0400
Quote:
And so the comedy circle is complete yet again after none other than former White House budget chief Peter Orszag throws cold water in the face of the White House, the Treasury and everyone else who has so far been so stupid to continue to deflect blame for America's horrendous fiscal situation purely on S&P and its "colossal $2 trillion mistake." Because if the guy who up until a year ago personally came up with the White House's voodoo numbers is telling you they are full of sh** (the numbers, not the White House), perhaps it does put the administration's claim that it is all S&P excel spreadsheet skills that are at fault, in a slightly different light.
Because they warned both the Republicans and Democrats about excessive spending and raising the debt ceiling, but they didn't listen
Thats a lie.....they didnt warn anyone when people should have been warned they waited until december 08-09 to remove the muzzles they put on themselves
You know months ago there was a TP electee who relapse on TP principals, The TP said nothing
We're in danger of defaulting BECAUSE of our very high debt, it was foolish to pile more on. Very very foolish. And notice we didn't lose our credit rating while they were debating raising the debt, it was after the GOP caved in and raised the debt ceiling.
If we can't control our out-of-control spending, it's going to be controlled for us. Wild unrestrained spending cannot go on forever.
Exactly. We shouldn't even have the doubleAplus. We are borrowing 188 million every freaking hour.
Did you just say BLUE part of America? Does it ever end with you people? I live in Georgia. Lots of liberals do. Can we get beyond that tired out red state blue state crap?
You can spell state without a p or an r. That's convenient, as it allows both red and blue to exist within mutual civil boundaries, sharing parts of a territory. Maybe sharing is a red thing that Blue Baggers wouldn't understand.
Well, the ratings agencies were sure effective when it came to derivatives, now weren't they?
I would say they missed the boat on that one - to the tune of an international crisis. I guess they are trying to show they are "paying attention" now.
I am just one person, but I bet there are plenty of others who haven't forgotten that the ratings agencies were not astute enuff to see the house of cards in the mortgage industry. THey kinda lost their "standing" with me after that fiasco.
No slam intended, but what you and I kinda think doesn't mean squat in this context. The effect of the S&P pronunciamentos will cost billions in paper money among investors worldwide starting Monday.
Like it or not (and believe me, I don't), we have all put our eggs in the basket of an unelected fiscal barony, and given them near-Papal power. The consequences of our laziness and their greed are turning out to be more severe than anyone ever suspected.
Look for momentous changes in many major institutions, and soon. Or widespread disorder...
Thats a lie.....they didnt warn anyone when people should have been warned they waited until december 08-09 to remove the muzzles they put on themselves
You know months ago there was a TP electee who relapse on TP principals, The TP said nothing
Couldn't get Reid or Obama to sign the C,C & B deal, which would have halted all talks of a downgrade.
God but the left is stupid. Really no point in any discussions with them, they simply need to be removed from any positions of power. They are brain dead.
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