kootchman
see redblack, it’s a fuller picture when you know that liberals are amongst the worst insider traders… not just republicans. The full picture helps. It’s sorta like Charlie Rangel berating the 1% while he sits like a beached whale on his Caribbean properties and ..oooops.. forgets to declare income for taxes…
Who rates secruities “AA”? .. securities are bonds, are you talking about federal government backed mortgage bonds?. which are still being bought by Fannie to this day? They are being held accountable.. their pension and healthcare benefits are being cut. The circus clowns have had their day. Are you going to bailout Stockton, Detroit, Philadelphia? ….or is the 1% supposed to do that too? You got some heavy lifting plans for that grpup!!! Those grubby fingers were attached to government employee union and some very very stupid politicians hands,
Now we pay. The government may not be a corporation,,, but they carry liability to pay off their obligations, The underpinnings being their revenue is taxes. As it now stands… the government is NOT able to pay off it’s debt obligations, AND meet current expenditure promises. The proof is in the 40 cents we borrow for every dollar we spend.
Here ya go
http://en.wikipedia.org/wiki/Bond_credit_rating
I’d give the US Govt a Caa …. and that is being patriotic.