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Saturday, August 06, 2011

Credit Rating

Retrieved by Pat Darnell | August 5, 2011 | Bryan TX

Francis Duxbury III
So in 1917 the U.S.A has had a AAA credit rating now it's AA+. Is this bad? You tell me.
5 hours ago via Facebook Mobile · Like ·
Trudi Sexton for over 40 yrs we have been screaming to cut spending which they have not done.
5 hours ago · Like
Alice Alley Catz Solheim It sure crashed the market, but the news about jobs brought it back up. It seems you can play the market with loaded dice, why use real ones.
5 hours ago · Like
Aj Janssen It means higher finance charges
4 hours ago · Like
Levi Elvi Unfortunately, Trudi, "they" listened to the big money lobbyists and gave tax breaks to the big corporations. And the "tax breaks" also encouraged big corporations to bank their money offshore.

"They" relaxed much of the regulations wrt to banking -- and when the lenders went broke, "they" used the public's money to restore the bank's coffers. The first of this series of maneuvers was the Savings and Loan bailouts.

"They" went out and bankrupted the country by starting unnecessary wars in Iraq and Afghanistan. You should count Reagan's "Stars Wars" (SDI) in the unnecessary war category.

None of this created jobs, none of this did anything but put ordinary people's hard earned money into rich people's pockets.

Meanwhile, "they" try to misdirect folks by lying to you about "welfare queens". Myths that all the money is gone because we supposedly support all these "lazy" people. But a couple billion dollars for a submarine to fight wars in the deserts somehow makes sense?

Yes, Francis, AA+ is kinda bad. It means that the grifters have grabbed our money. What's really bad is that most Americans don't have the knowledge base or attention span to understand what's happening to them.
4 hours ago · Like · 1 person
Aj Janssen It has nothing to do with the market, that was due to the unstable European economy, learning how the world runs make Jack and Jill smarter. :-/
4 hours ago · Like

1 comment:

Anti-Stupidity said...

AA+ ~~~ Alcoholics Anonymous to the extreme: slang name of our gvmt officials.

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