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anthony
Founder
Well... the US finance situation has rocked global markets again, sending many into a downward spiral as the US faces a downgrading of its credit rating from AAA. Basically, it means the US would have to pay more than its current $0.06 in the dollar it borrows as interest. A BB rating as an example, attracts $0.20 interest in the dollar borrowed.
[DLMURL]http://au.news.yahoo.com/world/a/-/world/9223212/debt-warning-rocks-us/[/DLMURL]
Not real sure of the whole party status in the US, however; this is the Republicans solution to solving the current $17 trillion foreign debt:
What an awesome solution.... you have exceeded your own debt limit, so your solution is to increase the limit, even though the debt is rising daily, not being reduced at all? Seriously people... get a grip on reality here. Poor old Obama is looking for places to already cut $3 trillion from the US budget just to try and not lose its AAA rating. Some politicians seriously need a slapping... instead of trying to solve the problem by reducing the debt, as Obama is trying to do, some party solution is to just raise the debt limit and try to sweep it under the carpet a bit longer.
Seriously, some of these so called politicians need to be shot, because they're only hindering the global economy by continuously putting the US into the dumper, instead of reducing spending and debt, and getting the US out of the crapper. Stupid idiotic quick fix solutions... these people should be shutdown, taken out back and shot. Its these stupid type of "quick fixes" and "get rich" schemes that put the global markets into meltdown to begin with.
Argh!:mad:
[DLMURL]http://au.news.yahoo.com/world/a/-/world/9223212/debt-warning-rocks-us/[/DLMURL]
Not real sure of the whole party status in the US, however; this is the Republicans solution to solving the current $17 trillion foreign debt:
What an awesome solution.... you have exceeded your own debt limit, so your solution is to increase the limit, even though the debt is rising daily, not being reduced at all? Seriously people... get a grip on reality here. Poor old Obama is looking for places to already cut $3 trillion from the US budget just to try and not lose its AAA rating. Some politicians seriously need a slapping... instead of trying to solve the problem by reducing the debt, as Obama is trying to do, some party solution is to just raise the debt limit and try to sweep it under the carpet a bit longer.
Seriously, some of these so called politicians need to be shot, because they're only hindering the global economy by continuously putting the US into the dumper, instead of reducing spending and debt, and getting the US out of the crapper. Stupid idiotic quick fix solutions... these people should be shutdown, taken out back and shot. Its these stupid type of "quick fixes" and "get rich" schemes that put the global markets into meltdown to begin with.
Argh!:mad:
