OK, we are down graded: AA+ (Still a long way from F+ guys)

[KIBU]

S&P downgrades U.S. credit rating

[EconProf]

This is a big deal.
S & P is recognizing reality here. Spending remains out of control, the economy is weakening markedly (rendering current revenue projections obsolete), and the math was inescapable.
When we look back at the wailing and gnashing of teeth Congress just went through to achieve puny spending reductions, we get a sense of what we are in for.
Greece, here we come.

[EconProf]

This is a big deal.
S & P is recognizing reality here. Spending remains out of control, the economy is weakening markedly (rendering current revenue projections obsolete), and the math was inescapable.
When we look back at the wailing and gnashing of teeth Congress just went through to achieve puny spending reductions, we get a sense of what we are in for.
Greece, here we come.

[EconProf]

This is a big deal.
S & P is recognizing reality here. Spending remains out of control, the economy is weakening markedly (rendering current revenue projections obsolete), and the math was inescapable.
When we look back at the wailing and gnashing of teeth Congress just went through to achieve puny spending reductions, we get a sense of what we are in for.
Greece, here we come.

[EconProf]

This is a big deal.
S & P is recognizing reality here. Spending remains out of control, the economy is weakening markedly (rendering current revenue projections obsolete), and the math was inescapable.
When we look back at the wailing and gnashing of teeth Congress just went through to achieve puny spending reductions, we get a sense of what we are in for.
Greece, here we come.

[EconProf]

This is a big deal.
S & P is recognizing reality here. Spending remains out of control, the economy is weakening markedly (rendering current revenue projections obsolete), and the math was inescapable.
When we look back at the wailing and gnashing of teeth Congress just went through to achieve puny spending reductions, we get a sense of what we are in for.
Greece, here we come.

[SD Realtor]

I agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…

We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.

Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.

Here is a bold proclamation made not to long ago.

http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating

[SD Realtor]

I agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…

We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.

Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.

Here is a bold proclamation made not to long ago.

http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating

[SD Realtor]

I agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…

We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.

Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.

Here is a bold proclamation made not to long ago.

http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating

[SD Realtor]

I agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…

We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.

Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.

Here is a bold proclamation made not to long ago.

http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating

[SD Realtor]

I agree with Econ but over a long period of time. Lets call it like it is, we are NOT Greece…

We are way way worse off then Greece but everyone is willing to keep on playing charades with us so we can go skipping along.

Funny how those who told us we had to spend a trillion or so on bailouts are still be listened to. I am of the opinion that we should have taken our bad medicine 3 years ago but I guess we always do what we are told.

Here is a bold proclamation made not to long ago.

http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating

[AK]

Over a long period of time we’re Japan, not Greece … hope someone finds the “Easy” button for the economy like soon.

[AK]

Over a long period of time we’re Japan, not Greece … hope someone finds the “Easy” button for the economy like soon.

[AK]

Over a long period of time we’re Japan, not Greece … hope someone finds the “Easy” button for the economy like soon.

[AK]

Over a long period of time we’re Japan, not Greece … hope someone finds the “Easy” button for the economy like soon.

[Author]

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