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Canuck57[_9_]

On 29/07/2011 3:04 PM, wrote:
First, Standard& Poors threatened to downgrade the US credit rating
if cuts were not made to Social Security and Medicare to reduce the
deficit.

Long overdue. Where do you think Obama got the money to run from March
to present? Bugger raided SS and Medicare. Obama blew it on more
government waste.

Then, two days after a bipartisan Senate committee found S&P's
misleading mortgage ratings to be a 'key cause' of the 2008 financial
crisis, the agency issued another downgrade threat.

A few months later, after the SEC announced they would investigate
agencies like S&P for fraud, S&P issued yet ANOTHER downgrade threat,
this time with the arbitrary ransom of $4 trillion in deficit
reduction which would likely include deep cuts to Social Security and
Medicare benefits.

Funny, that is why I consider US treasuries junk paper and Moody and
others just paid for frauds. Wasn't that long ago S&P said GM was A rated.

You don't deserve a AAA rating unless you are constantly paying your
bills with real money and without impairment. And sorry, having
Bernanke just print it like toilet paper isn't paying your bills with
real money.

Only thing holding back on downgrade is in the off chance on Tuesday, US
becomes a pay as you go country, and if so, AAA is befitting.

Anything else, just to save what little reputation these ratings
agencies have they must downgrade. USA can no longer pay its bills with
real money. USA is BROKE. Too damned much crazy fool debt spending and
currency/interest rate fraud.

--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .