[Vision2020] CNN Breaking News

[Gary Crabtree]

>From today's Washington Post

"...the bipartisan agreement reached this week to find at least $2.1 trillion in budget savings "fell short" of what was necessary to tame the nation's debt over time and predicted that leaders would not be likely to achieve more savings in the future."

Was it the Tea Party that was fighting tooth nail in favor of raising the debt limit to an absolute all time high with no spending reductions what so ever? Was it the Tea party that would have no part of the cut, cap, and balance plan or the Mack penny plan that would have put the country on a path to solvency? Can you point to a single democrat/progressive plan that might have had as a result even a slight reduction in the countries debt burden? Heck, with two years of total government control they couldn't even pass a budget.

The bond rating agencies want to see spending and the debt required to perpetuate it brought under control, a goal that is at the very heart of the "Tea Party stench."

g


From: Tom Hansen 
Sent: Friday, August 05, 2011 7:13 PM
To: Donovan Arnold 
Cc: Moscow Vision 2020 
Subject: Re: [Vision2020] CNN Breaking News


This downgrading, if adopted by the other two rating firms, has more of an adverse impact than you suggest, Mr. Arnold.


Do you realize that most, if not all, 301Ks are committed to investments with AAA ratings ONLY?


The result could be catastrophic 


Seeya round town, Moscow.


Tom Hansen
Moscow, Idaho

"The Pessimist complains about the wind, the Optimist expects it to change and the Realist adjusts his sails."


- Unknown



On Aug 5, 2011, at 18:57, Donovan Arnold <donovanjarnold2005 at yahoo.com> wrote:


  The good thing about a democracy is you get what you voted for. And the bad thing about democracy is you get what you voted for. Unfortunately, it is going to take much more than a downgrade of AAA to AA+ from S&P to make the American people respond to this economic crisis. I heard on NPR today that only 58% of the adult US population is employed. Scary! 
   
  Donovan Arnold


  From: Tom Hansen <thansen at moscow.com>
  To: Moscow Vision 2020 <vision2020 at moscow.com>
  Sent: Friday, August 5, 2011 7:17 PM
  Subject: [Vision2020] CNN Breaking News

  Read on, V-Peeps.

  More "good" news to pass on to the Tea Party stench, the cause behind this
  downgrade.

  http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm

  The downfall of the market this week may foreshadow things to come.

  Seeya round town, Moscow.

  Tom Hansen
  Moscow, Idaho

  "Believe we're gliding down the highway
  When in fact we're slip slidin' away."

  - Paul Simon


  ---------------------------- Original Message ----------------------------
  Subject: CNN Breaking News
  From:    "CNN Breaking News" <BreakingNews at mail.cnn.com>
  Date:    Fri, August 5, 2011 5:31 pm
  To:      textbreakingnews at EMA3LSV06.TURNER.COM
  --------------------------------------------------------------------------


  Rating agency Standard & Poor's says it has downgraded the U.S. credit
  rating to AA+ from its top rank of AAA.

  Rating agencies analyze risk and give debt a "grade" that reflects the
  borrower's ability to pay the underlying loans.

  The safest bets are stamped AAA. That's where U.S. debt stood for years.

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