U.S. on notice that it risks losing its AAA Credit Rating
Agency Scolds the United States on Sovereign Debt
EL RESULTADO DE LOS ENORMES E IRRESPONSABLES GASTOS DEL REGIMEN DE OBAMA, POR PRIMERA VEZ DESDE EL ATAQUE DE PEARL HARBOR HACE 70 AÑOS, EL CREDITO DE ESTADOS UNIDOS HA SIDO REBAJADO A "NEGATIV\O" CON CONSECUENCIAS CATASTROFICAS DEBIDO AL AUMENTO EXPONENSIAL QUE TENDREMOS QUE PAGAR EN LOS INTERESES DE LA DEUDA.
All Hail the credit rating agencies. Standards & Poor's just gave the good ole' USA a negative credit rating outlook, with a scolding on what we should do as a nation:
Standard & Poor’s put the U.S. government on notice that it risks losing its AAA credit rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt.
“If an agreement is not reached and meaningful implementation does not begin by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns,” New York-based S&P said today in a report that maintained its top rating on U.S. long-term debt while lowering the outlook to “negative” for the first time.
S&P is giving the U.S. a 33% chance of losing it's AAA credit rating.
This is how the game is played to force a nation into austerity. The agenda is to destroy what is left of the working people and middle classes by dismantling what is left of social safety nets, under the claim of too much debt. In other words, it seems S&P is in on the game to make sure Americans have no Medicare, Medicaid and Social Security.
Indeed, it seems Republicans are jumping on this like flies on .....well, you know. All to destroy what is left of America's social safety nets.
Shock of all shocks, Obama's chief economics guy, Austan Goolsbee, is calling cash on S&P and implying this is political:
They are saying their political judgment is that over the next two years they didn’t see a political agreement” to reduce long-term deficits. don’t think that the S&P’s political judgment is right.
Slate seems to be one of the few media outlets noting S&P did not actually downgrade the U.S. credit rating:
Standard & Poor's has attached a "negative" outlook to the United States' sterling credit rating. The ratings agency did not actually downgrade America's debt, currently rated at AAA/A-1+. Rather, it said there is a one-in-three or better chance that it will downgrade it if the United States does not get its fiscal house in order, and quick.
They also noted a "consistent global preference" for the dollar over other currencies, helping to keep the government's borrowing cheap. But, they noted the obvious: The United States has big annual deficits, $14 trillion in debt, and, to put it gently, a bonkers political system that is making it close to impossible to do the responsible thing in a timely manner. The problem is not financial, S&P argued, at least not right now. The problem is political.
We've seen this pattern over and over in Greece, Ireland and now Portugal. Various forces, such as the IMF and conservative agenda groups, demand a country implement austerity. That is code speak to destroy social safety nets, lower wages and paychecks for workers, all under the guise of reducing national debt.
They scream from the rooftops, it's a crisis. The next thing that happens are sovereign bonds become more expensive to finance the existing debt, due to credit default swaps and other derivatives.
The cost to insure U.S. sovereign debt from default rocketed 16% Monday and Treasurys briefly swooned after Standard & Poor's revised its outlook on the nation's AAA credit rating to negative from stable, citing budgeting issues.
Insurance sold in the form of derivatives called credit default swaps were quoted around 50 basis points, or 50,000 euros ($71,000) a year to insure 10 million euros ($14.2 million) of the Treasury bonds over five years, according to data provider Markit, up from 43 basis points before S&P's announcement.
Next the credit rating agencies start issuing warnings and downgrades. Eventually the IMF and in the case of Europe, the ECB and EU step in and order that nation to reduce it's social safety nets and wages....in order to reduce their debt.
Never a defense budget or private sector ripoffs of the government and people are mentioned in this dialog. You also won't hear a word about increased revenues to the government. It's a script and it works really well against working people. Just ask Greece, Portugal, Ireland, Thailand....the list goes on and on.
America, it's time to wake up and smell the use of a crisis to destroy the services you paid into and plan to rely on in retirement: Social Security and Medicare.
Rep. Allen West says Obama displays “third world dictator-like arrogance”
Eyeblast TV ( Media Research Center) ^ | 4/19/2011 | Joe S.
Rep. Allen West appeared on the Laura Ingraham show and said Obama displays “third world dictator-like arrogance.”
West says around the 3:11 mark:
What you continue to see is a third world dictator-like arrogance, that’s what I saw in that speech [by Obama] last week. And look, Laura, to borrow a phrase from Reverend Jeremiah Wright, the chickens are coming home to roost.
And around 3:58:
This whole talk about shared prosperity–that really gives me the goosebumps because I’m starting to believe that a community organizer is nothing but a low-level socialist agitator.
Publicado: 04-19-2011 06:44 PM
Axelrod Can't Explain Why Democrats Haven't Passed a Budget in 1,040 Days Daniel Halper
Fox News host Bret Baier had a straightforward question last night for Obama advisor David Axelrod: "Why haven't Senate Democrats passed a budget resolution in 1,040 days?" It's the sort of question that's probably not asked enough, especially considering Republicans in the House have passed a budget in that time and they--under the leadership of Paul Ryan--introduced a new budget yesterday.
Axelrod punted. "Well, I think you understand the dynamics in the Senate, Bret," said Axelrod. "And you know, there are lots of things that we haven't been able to pass over the course of the last three years, and a lot of it...some are procedural..."
Baier interrupted to remind Axelrod that only 51 votes are needed to pass a budget in the Senate (and, of course, there are currently 53 Democratic senators in the Senate, and only 47 Republicans).
"Understand," Axelrod countered, before again not answering the question. "But we've got -- we've got deep divisions in the Congress between the House and the Senate, and that's complicated our ability to get these things done. And one hope is that when we win this election that there'll be a greater spirit of cooperation moving forward."
Baier said, "You know, people sit home and say, I have to do a budget. I have to do a budget about my family spending. Why can't Senate Democrats do a budget if they control the Senate and they need 51 votes to put it through?"
Yet again, Axelrod punted. "Because they also don't have to deal with the theater of politics in making their budgets. We obviously have to budget and we do budget and deal with our budgetary challenges. The president has cut domestic spending, discretionary spending, by $1.2 trillion in order to accommodate the budget and the demands of our budget. And we're going to continue to do the things to live within our means while still moving our economy forward."
Publicado: 03-22-2012 09:51 AM
Townhall.com ^ | May 24, 2012 | Erika Johnson
I hate that I feel compelled to say it, but the gentleman most definitely has a point. Some words of wisdom from Sen. Tom Coburn (R-Okla.): Coburn: U.S. "should see another downgrade"
"S&P's downgrade on us was right, matter of fact we're going to get another downgrade. I can tell you right now, you can have a great legal case for suing the rating agencies for not downgrading us again because we have not demonstrated the political will to solve the problems," said Coburn on CBS's midweek show "Face to Face," posted online Wednesday. ...
"We should see another downgrade, because we have not done the structural things that will fix our country," he added. ...
When asked if he agreed with Boehner's decision to push forward the tumultuous debt-ceiling debate, Coburn said, "I think that's exactly what our founders had in mind." ...
"Those are all things people don't want to hear, but it's going to happen, because if we don't do it, the people who are loaning us the money are going to make us do it," he said.
Coburn is essentially saying that last summer's downgrade, which took our credit rating from AAA down to AA+ for the first time ever, was pretty much our just desert. We've had the ability to foresee the consequences of our metastisizing federal government's spending binge for ages, and we have failed to summon the political will it's going to take to effect real change in Washington. The United States creditworthiness is still a better bet relative to lots of other countries, but we're going the way of Greece -- and fast.
Publicado: 05-24-2012 08:50 PM
May 28, 2012 | Reaganite Republican
CON 100 MILLONES DE DESEMPLEADOS GRACIAS A OBAMA, EN LAS PRIMARIAS DEMOCRATAS MAS DEL 40% EN WEST VIRGINIA, KANSAS Y KENCTUKY REPUDIARON OBAMA LLEGANDO A PREFERIR VOTAR HASTA POR UN DELINCUENTE PRESO EN TEXAS ANTES QUE POR SU PRESIDENTE.
Publicado: 05-28-2012 02:24 PM
DA EL TIRO DE GRACIA BILL CLINTON A LA REELECION DE OBAMA
ENSALZA BILL CLINTON EL "STERLING" RECORD EMPRESARIAL DE ROMNEY
Video: Romney's Qualifications, Business Experience Lauded by...Bill Clinton
By Guy Benson 6/1/2012
Just when you thought yesterday couldn't have gotten any worse for the Obama campaign, a certain former president appeared on CNN and asserted that Mitt Romney is qualified to be president, thanks to his leadership as governor and "sterling" career in the private sector:
This could deliver something of a coup de grace to the Obama campaign's all-Bain-all-the-time attack strategy. President Obama stated that this campaign will "be about" Romney's "vampire capitalism." Bill Clinton, Deval Patrick, and at least a dozen other Democrats have dissented from that view. Publicly. And we're still awaiting an explanation for why a handful of companies failing after Romney left Bain = greedy and evil, whereas Solyndra and other taxpayer-financed benefactors of cronyism shutting down = honest mistakes. Enlighten us, liberals. Oh, and by the way, Romney has jumped ahead in Ohio, Virginia, Florida and North Carolina.
OBAMA FUE REPUDIADO POR MAS DEL 40% EN LAS PRIMARIAS DEMOCRATAS DE WEST VIRGINIA, KANSAS Y KENTUCKY, AL EXTREMO DE LLEGAR A VOTAR LOS PROPIOS DEMOCRATAS POR UN DELINCUENTE PRESO EN TEXAS ANTES QUE POR EL DELINCUENTE QUE OCUPA LA CASA BLANCA.
Publicado: 06-01-2012 06:45 PM
La hipocresía y los progres
Por Walter Williams
El presidente Barack Obama y sus aliados tanto en los medios convencionales como en los campus vienen librando una guerra abierta contra las rentas altas, "los del 1%", según sus proclamas. Quien, guiado de su demagogia falsaria, los viera como integrantes del 99% se equivocaría por completo.
Recientemente MSN Money publicaba un informe titulado "los condados más ricos de América" y en el que se leía: "Mientras muchos americanos luchan por encontrar un empleo, cuadran sus cuentas y se ajustan el cinturón, a algunos tipos les está yendo muy bien ".
Bien. Echemos un vistazo a alguno de esos quince condados.
Loudoun County, en Virginia, tiene una renta familiar media de 119.540 dólares, lo que le convierte en el condado más rico del país. Le sigue Fairfax County, también en Virginia, con 103.010 dólares; ahí, el precio medio de una vivienda es de 507.800 dólares. El tercero es Howard County, en Maryland, con 101.771 dólares. Los condados más ricos del país están muy cerca de Washington DC, adonde la gente va a hacer el bien... y acaba haciéndoselo a sí misma.
Estos integrantes del famoso 1% no son unos ricachones republicanos de derechas. Son... ¡los progres de Obama?
Siete de los diez condados más ricos del área de Washington DC votaron a Obama de forma abrumadora en 2008. Estos progres se dicen del 99% cuando realidad son del 1% de las rentas superaltas. Simplemente, y ayudados por los medios convencionales, protagonizan una engañosa mascarada.
Cuando el movimiento Occupy se hizo notar, el año pasado, sujetos de apariencia astrosa acamparon en las calles y parques de varias ciudades, provocando millonarios daños a la propiedad. Perpetraron robos y delitos sexuales. Varias de sus acciones más impresentables, como orinar y defecar en lugares públicos o vehículos policiales, fueron grabados. Esta gente también se ha venido retratando como integrante del 99%. Bueno, pues resulta que tampoco.
Will Rahn, director adjunto del Daily Caller, escribió en noviembre un artículo titulado: "Detenciones en Nueva York: muchos manifestantes de Occupy Wall Street viven de lujo." Entre el 18 de septiembre y el 15 octubre la policía de Nueva York detuvo a un millar de personas. El valor medio de las viviendas de los detenidos era de 305.000 dólares, cifra muy por encima de la media nacional: 185.400 dólares. Noventa y cinco de los detenidos residían en casas valoradas por encima del medio millón de dólares. Los que vivían de alquiler pagaban una media de 1.850 dólares al mes. De los 984 detenidos, al menos 797 eran blancos. Uno de ellos vivía en una casa de la capital valorada en 850.000 dólares.
Estando en campaña, Obama prometió: "Nos ponemos en marcha para traer un cambio no sólo electoral, sino un cambio que transforme América". Junto a los progres, que antes se llamaban liberales, Obama quiere transformar América para convertirla en un país socialista de corte europeo. Los activistas de Occupy y sus tontos útiles en los medios y los campus mostraban orgullosamente pancartas y carteles que revelaban sus gustos y afiliaciones, como "Partido Comunista de EEUU", "Socialistas Demócratas de América" o "Lucha por el Socialismo". El Partido Nazi de América también emitió una declaración de apoyo a Occupy, así como el Partido de las Familias Trabajadoras y el Comité Nacional Demócrata.
Estén seguros de que esta gente hará lo que pueda, protestas violentas incluidas, para ayudar a Obama a disponer de otros cuatro años para seguir adelante con su proyecto de transformación de nuestro país.
Publicado: 06-04-2012 07:43 PM