Note: High Social Spending = Higher Credit Ratings: "Deal or No Deal, Our AAA Rating Is Toast"

[grahamhgreen]

"Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings all have warned that failure to raise the debt ceiling would trigger a downgrade of US government debt. S&P in particular has raised the stakes, and quite publicly. The kind of short-term fix so popular in Washington — like the ones that are being bandied about as I write this — that raises the debt ceiling for six months or so, with maybe $1 trillion or so in spending cuts, may forestall a technical default, but still may result in a downgrade, S&P officials have said.

I’ll save who I think is primarily responsible for this mess for my political blog, but I will say this: You can kiss the AAA rating of US Treasury debt goodbye.

If a miracle happens, we may be able to forestall it for a while. But without a huge turnaround in Washington’s broken political culture, I don’t think this Congress and president will enact the dramatic changes S&P has strongly suggested are necessary for us to stay in the elite club of AAA-rated sovereigns.

They include Australia, Austria, Canada, Denmark, Finland, France, Germany, the Netherlands, Norway, Singapore, Sweden, Switzerland, and the United Kingdom."

FROM: http://seekingalpha.com/article/282619-deal-or-no-deal-our-aaa-rating-is-toast?source=email_the_daily_dispatch
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Note that the countries that are AAA rated are the ones that spend THE MOST on social programs (http://bit.ly/oky3mD), this makes the attack on social spending even more pathetic.

[CoffeeCat]

1. Is it possible that this was their goal?

I hate to ask this, but I am just wondering if anyone else feels that all of this grand theater
has, all along, been about destroying the United States. These bastards have done so much
to destroy our country all ready. Can you really blame me for asking the question?

These are the same people who give companies TAX REWARDS to outsource jobs and send them overseas. They
also ushered in free trade that sucked jobs out of America. They've also made the corporations their
best friends--at the expense of all Americans.

Could they have orchestrated this chaos, in order to further decimate our country?

I've said it before, and I'll say it again--if the globalists truly are in control (and it appears that they
are), then there is no need for an American empire. In fact, an empire--in which workers are paid well and
the citizens are educated, well informed and ready to act when their democracy is in peril--would be a thorn
in the side of globalists.

Globalists want corporations to operate on a global scale--and they want the lowest possible costs for
workers and the greatest compliance among the peasants. Empires stick out like a sore thumb. They
raise wages (thus decreasing precious profits) and revolts from democracies tend to spread to other
countries--where the people are kept down and kept in line.

Are they attempting to pull the foundation out from under our country--by purposely triggering a downgrade
and an economic collapse? They all know what the consequences of this "fight" are. They're certainly
not dumb.

[grahamhgreen]

2. I think that is the correct assesment. But, how do we counter it?

[Beavker]

4. The cartoon I saw somewhere today depicts just that

Basically we are becoming China/India. Like locusts or the countless Alien Invasion movies, the GOP is here for our resources. Once depleted, they move on, and the remaining residents are slaves.

[Morizovich]

3. Perfectly Symmetrical

The rich will maintain their Standard of living, while the rest of us get Poor'so fast!

[Mimosa]

5. WOW! Enthusiastic K&R

Thanks for the article.