US credit rating

If some­one were inten­tion­al­ly try­ing to destroy the cred­it rat­ing of the US gov­ern­ment, then would that not be an act of trea­son?

Would it not be a severe issue that needed to be solved?

The US cred­it rat­ing could be down­grad­ed on Mon­day or lat­er in the week amid spec­u­la­tion that Wash­ing­ton does not know what it is doing, and should that not be the case?  If any­one even a coun­try keeps bor­row­ing mon­ey with­out pay­ing it back and then lat­er print­ing mon­ey and not pay­ing the mon­ey back, and lat­er low­er­ing inter­ests and not pay­ing the mon­ey back even­tu­al­ly the end result is finan­cial ruin.

Any econ­o­mist will tell you that this is the truth yet, for some unknown rea­son Wash­ing­ton does not or refus­es to know this truth, and what can we expect if this is the way that they intend to do busi­ness?

The only way out of this mess, is two things.

Flat tax, bal­lanced bud­get, equals, anoth­er four years, for the democ­rats, if they keep on doing what they are doing now then the repub­li­cians wil win and the democ­rats will be run out of town on a rail.

So here is the deal, if we raise the debt lim­it, (print more mon­ey) then our cred­it rat­ing will go down.

If we dont raise the debt lim­it our cred­it goes down.

If we low­er our costs and set a flat tax our cred­it rat­ing goes up.

It real­ly is just that sim­ple.

Most Amer­i­cans under­stand this and most econ­o­mists also under­stand this so why does the white house not under­stand this?

Received in an email, from Michele Bach­mann

As the debate over the debt ceil­ing gains heat and Pres­i­dent Oba­ma stands firm­ly atop his bul­ly pul­pit, his stub­born insis­tence on drown­ing our nation in debt has caught the atten­tion of the Amer­i­can peo­ple.

A new Gallup poll released this week shows him los­ing by eight points to a Repub­li­can, a larg­er mar­gin than ever before.

With only one out of five sup­port­ing rais­ing the debt ceil­ing, the Amer­i­can peo­ple know what should be com­mon-sense to Con­gress and the President–when you’re in a hole, the first step to get­ting out is to stop dig­ging.

To the major­i­ty of Amer­i­cans that do not sup­port it, rais­ing the debt ceil­ing means much more than just con­tin­u­ing to dig.

It means plac­ing tril­lions more in unfund­ed lia­bil­i­ties on the shoul­ders of future gen­er­a­tions. It means aban­don­ing the very prin­ci­ples that we in Con­gress were elect­ed to rep­re­sent.

In my three terms in Con­gress, I have nev­er vot­ed to raise the debt ceil­ing, and I will cer­tain­ly not start now.

Yes­ter­day, at a press con­fer­ence, Pres­i­dent Oba­ma ignored these vital points, stat­ing that we only need “minor adjust­ments” to fix our econ­o­my. At a time of tril­lion-and-a-half-dol­lar annu­al deficits and 9.2 per­cent unem­ploy­ment, he could not be more out of touch.

Con­sti­tu­tion­al con­ser­v­a­tives know that, in order for our nation to tru­ly pros­per, we need sys­temic reform–not band-aids. This reflects a core dif­fer­ence of phi­los­o­phy that will be at the fore­front of the 2012 elec­tions.

The con­sis­ten­cy and ded­i­ca­tion that our move­ment has shown to stop­ping the hem­mor­ag­ing of our future reflects the stakes that face our nation in 2012. The Oba­ma machine will spend record dol­lars to over­come the oppo­si­tion of the Amer­i­can peo­ple to his poli­cies and win re-elec­tion, and we must work hard­er than ever to ensure that our con­sti­tu­tion­al con­ser­v­a­tive val­ues are vic­to­ri­ous. In this chal­lenge, I could­n’t be more grate­ful that you are with me. Michele Bach­mann