Open Letter to President Obama on the Debt Ceiling Debate http://www.freedomworks.org/blog/mkibbe/open-letter-to-president-obama-about-the-debt-ceil?src=nl The prez is insistent on wanting a long term credit limit that he’ll spend over the next 13 months. Giving this guy a trillion or two, to help his friends and punish his enemies is insane in an election year. it’s political suicide, Duh. The question is would we be better off if we start paying down the debt now or 2 years from now; would we be a better financial risk today if we had started paying down the debt 2 years ago. (That’s a no brainer. Our AAA rating would not be at risk today. Some people argue that we can’t afford to not to borrow the couple of trilion he wants because we might default. I ask you, if we can’t afford to pay back the $14T we owe today, why would anyone think we could pay back $16T without defaulting?
we’ll be deeper in debt this time next year and I suggest, a bigger credit risk to our creditors. Chances are we will be losing our triple “A” rating within the next few months is he don’t set up self-imposed plan to reduce the debt. It is the only way to assure the preferential treatment in the dredit market we now over-enjoy. Are short-term debt limit increases unusual? http://keithhennessey.com/ Here’s a project Obama that needs immediate funding. Ya know, Madison is about 150 miles north of his Chicago HQ. The last time I was in Madison, the temp fell to minus 25 degrees F. http://www.chicagotribune.com/news/local/breaking/chi-obamas-political-wing-involved-in-wisconsin-recalls-20110722,0,3456362.story The stock market gets nervous when faced with uncertainty. They like stability. It is highly unlikely that The end of NASA and Americas role in space exploration ends the JFK legacy. “When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you...you may know that your society s doomed. - Ayn Rand - We the People http://www.youtube.com/watch?v=JVAhr4hZDJE -- To join RichsRants, send email to: [email protected] For more options, visit this group at http://groups.google.com/group/richsrants?hl=en
