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Message Subject
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BREAKING Egan-Jones downgrades U.S. rating to AA- from AA
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"The ratings agency said the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar, and raises the price of commodities." Full: [ link to www.marketwatch.com] In a nut-shell, the Debt to GDP ration of the USA is almost DOUBLE that of debt dripping Spain. That is crazy. Quoting: 2012Portal That's due to the fucking republikans. Some of us have been screaming about their corrosive, budget-busting supply-side policies since the Reagan years. Reagan tripled the national debt into the trillions, Bush doubled it again, and we're still leaking trillions of dollars because of Bush's unfunded wars and enormous tax cuts for the rich, NOT because of Obama's spending. Quoting: Anonymous Coward 23756616 Sorry loon, but that bullsh*t don't sell, anymore. IT'S BARRY'S FAULT!Get over it... Quoting: PravdaDemocrat No moron, the $16 trillion dollar national debt is almost entirely due to Republikan policies!!!! Another way the repukes are to blame is their obstinate refusal for decades to get medical spending under control. Quoting: Anonymous Coward 23756616
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