U.S. Credit Rating Downgraded: Now They’ve Done It

http://terrellaftermath.com/ 

Heritage  "For decades past memory, United States government debt was deemed the gold standard of credit quality. Textbooks referred to U.S. Treasuries as the “riskless asset” against which all others were compared. Those days have passed, at least for now, because the U.S. government has rapidly piled debt upon debt and ,on its current trajectory, evidences no inclination to stop. Under the circumstances, without a fundamental policy course correction, a repeatedly threatened credit rating downgrade became inevitable, with only the timing at issue."

Our dear ruler's downgrade  "The key to maintaining our current rating, not slipping further, and hopefully bumping back up to our AAA rating will be spending cuts. Period. End of story. While the S&P says that tax increases would be nice, that is not the key for any future downgrade. The key will be spending cuts." Democrats.

Via Neal Boortz as is the following...

The blame game: credit downgrade  "The downgrade of our credit rating has validated this theory. Unable to cope with the idea that their guy, Barack Obama, royally screwed up and is now responsible for the first credit downgrade in U.S. history … they are pointing fingers. Big time.

"So the #1 scapegoat over the weekend was … the Tea Party! Let’s take a look at some of the highlights:"....

More here:

Spending cuts? But what about revenues?

Small business owner talks economics  You will love this lady!

Democrats ignore AAA countries' experience  "These recommendations are nonsense, because all of the countries with AAA-rated debt (as compared to the United States' AA+-rated debt) already have lower corporate tax rates than the US does. ...."

"The frustrations against the Tea Party were rooted in the thinking that the US can continue supporting the welfare and entitlement programs at ever increasing rates as it has for the past 50 years. Instead, the frustration should be targeted against those who accept the idea that the broken programs will be sustainable much farther into the future."

Can a Free Market Support a Democratic Socialist Society? 

Neil Cavuto Challenges Rep. Kucinich On The Economy: ‘Why Are [Corporations] Responsible And Not You Guys?’   "“Why are they responsible and not you guys?” he asked, referring to Congress. “They’re chased overseas because of regulations and taxes.” “Believe me,” he argued, “they want to bring that money home, but they’re spanked big time if they do.” At this the Congressman began reading a list of corporations that paid little to no taxes, including Exxon Mobil, which Cavuto countered was “one of the top ten federally taxed corporations. Cavuto concluded, contrary to the Congressman, that corporations “would invest if they had an environment that was hospitable."