It has come to this.....this has never happened before in our history as a nation....let's not discount the implications of a downgrade. The impact would be akin to financial armageddon and make our previous economic issues seem a walk in the park in comparison.....it is past time for leadership on this issue and it appears Rep. Ryan is the only one willing to step up. http://www.reuters.com/article/2011/04/18/us-ratings-sp-text-idUSTRE73H2LE20110418
You know, I'm working on my taxes last week, trying to minimize the damage when I overheard a news story on TV where they are detailing how the IRS last year sent out over $500 Million in first time homebuyer rebates to people who were NOT first time homebuyers. Our government is completely inept at this point from our cartoonish president down to John Boehner who is rumored to lobbying hard behind the scenes to RAISE the debt ceiling again. By the way, I heard on the radio that we quietly exceededthe current debt ceiling yesterday . Its incredible that these buffoons draw a salary. They exist totally on the stupidity and ignorance of the typical American citizen.
Unfortunately, there is no rational alternative to raising the debt ceiling....it's just one of those things that you just hold your nose and do.....addressing the structural deficit issues going forward will be the heavy lifting that will prevent us from having to swallow such vile, distasteful medicine going forward......but for now, Speaker Boehner has to pull the wagon and get it done. There is no other choice, but I would hope that he get some guarantees from the tax and spenders......it is almost an out of body experience to watch this play out and then listen to these buffoons argue that the best way to solve these issues is to raise taxes - which must necessarily then shrink the private sector economy - to pay for a larger deficit. Listen to that logic very carefully....... the ONLY source to pay for government spending is the private sector.....raising taxes must necessarily shrink the private sector economy making the source of payment grow ever smaller.....therefore raising taxes on a shrinking private sector is the preferred way of paying for greater government spending......it doesn't take a rocket scientist to figure out how that's going to end......wake up people.
George Here are some "first time" homebuyers http://www.foxnews.com/politics/2010/06/23/inmates-m-homebuyer-tax-credits/ And let's not forget the stimulus checks http://www.texaswatchdog.org/2010/10/donotpay-list-authorized-after-dead-people-and-prisoners/1286547120.column This administration is so hopped up on giving away taxpayer money that they don't give a **** who they're giving it to.