Analyst says U.S. may lose AAA rating soon
Yet another financial analyst is warning that the U.S. could lose its AAA credit rating in the near future. The “consensus” tends to disagree, though this is the same consensus that failed to predict the stock, credit, and real estate collapse of ‘08.
Mammoth debt, huge deficits, and excessive money printing are raising eyebrows around the world. Facing over $11 trillion of debt, $99 trillion of unfunded liabilities, nearly $2 trillion budget deficits, and a Dollar that has lost about 33% of its value since 2002, the United States is in deep trouble.
The previous, Republican administration and a largely Republican Congress, couldn’t even balance the budget. They piled on more debt and stood idly by as the Federal Reserve devalued the Dollar. Now, a Democratic administration and a Democratic Congress are creating even bigger deficits, piling on even more debt, and devaluing the Dollar further.
At some point, We the People need to step up to the plate if we’re to save our nation from an economic apocalypse. Ultimately, we’re the ones voting in these politicians.
We need to start doing our homework as voters. We need to look at voting records, instead of listening to empty rhetoric. We need to start seriously considering Washington outsiders, instead of giving a free pass to the same old D.C. insiders. We need to start throwing out our own party favorites, instead of justifying their chronically unbalanced budgets. We need to start thinking for ourselves, instead of allowing our favorite networks and talk show hosts to do our thinking for us.
Those are some of my solutions. What are some of yours?
Read here.


June Moore said:
We are asking all to go to your federal bldgs at 9:00 tomorrow. Hold vigils against the passing of a tax on the American people. Call the 8 conservatives that voted for it and the 3 that voted present and ask them how they can justify a vote against the American people. WE sat as they passed tarp, we sat as they passed the stimulus, we will sit no more. SILENT NO MORE.
@junmoore on twitter…..Let’s Roll!!!!
June 26th, 2009 at 7:34 pm
Антон Павлович said:
Мде …
Должен Вам сказать это - неправда….
March 16th, 2010 at 3:40 pm