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PostSubject: HOW IS YOUR “HOPE & CHANGE” VOTE WORKING OUT FOR YOU??????   Mon 18 Apr 2011, 12:07 pm

As the White House and lawmakers call for renewed cooperation to tackle the deficit, a leading rating agency isn't buying it.

Standard & Poor's Ratings Service warned Monday that politics may be getting in the way of a budget compromise, and -- in an announcement which sent stocks tumbling -- said it was lowering the outlook for U.S. sovereign debt to "Negative" from "Stable" due to the risk posed by the growing deficit.....@...http://www.foxnews.com/politics/2011/04/18/treasury-defends-budget-outlook-ratings-service-downgrade/

The Obama administration disputed S&P's finding …..that is the problem with the current regime..if anyone's findings goes against the regime's finding than they are TOTALLY wrong.

Below is a couple of articles that support Standard & Poor's Ratings Service's warnings!

Framing The Debt Limit Debate.....
In May, Congress will begin debate on our nation’s debt limit. The debt limit is an alarm bell built into our nation’s laws, which forces members of Congress to confront out-of-control spending when our debt reaches a certain level. Five times in the last four years, we have ignored this alarm bell. This time must be different.

It would irresponsible and reckless for them to even consider raising the limit without also enacting spending cuts and reform. The nation’s credit worthiness is directly tied to our fiscal stewardship, not our desire to borrow. America would send a strong signal to global financial markets by taking prudent steps to address our out-of-control spending habits, not by blindly giving ourselves another blank check........@.... http://blog.heritage.org/2011/04/18/morning-bell-framing-the-debt-limit-debate/

Tax Hikes Can’t Fix the Deficit ….
In 2010, the federal government collected roughly $2.2 trillion in total tax revenue. The federal government spent around $3.5 trillion; the resulting deficit of $1.3 trillion was made possible by borrowing.

If Congress, rather than borrowing or cutting spending, raised income taxes by the $1.3 trillion necessary to pay for 2010 deficit spending, it would need to more than double income tax collections. In fact, income tax revenue would need to increase by 144% to cover the overspending. http://www.heritage.org/Research/Factsheets/2011/04/TAXES-ARE-NOT-TOO-LOW-Its-the-Spending-Stupid

Hope and change voters....do not forget to after you enjoy a  with obama Kool-Aid....sweetened with NutraHope!

Many people (that I know) are alive only because it’s illegal to shoot them.

Ronald Reagen said it best.......The trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.

"You can ignore reality, but not the consequences of ignoring reality." Ayn Rand

The truly educated never graduate !

When the Going Gets Tough, the Tough Get Going. The Smart Left a Long Time Ago.

I have always said I don't care what you do or with whom you do it, but don't demand that I think that it is normal or that it is OK!!!!

Only two things are infinite, the universe and human stupidity!
how rude

Defining....Abracadabra … cursing censored
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