Saturday, August 6, 2011

Credit Down Grading

For the frist time in the history of this country, our credit rating as been reduced from AAA to AA+, what does that mean for you and I?, higher prices for goods and services, higher interest rates on credit cards,home loans and everything you need from day to day, how did it happen?, Standards & Poor's the leading credit rating agency in the world ask this country to come up with 4 trillion dollars to pay for depts already on the books from spending that has already taken place, President Obama, willing to meet the tea party more than half way, submitted a plan that called for 3 trillion in cuts and 1 trillion in taxes. The tea party, which i might add consist of people with no idea on how a economy of a country is run, said no!,because of a small group of narrow minded people with a history of calling the President racially charged names like tar baby, terrorist, and a few I choose not to repeat. The tea party has created a situation that will result in ever more class war fair, division between the races and a host of other issues not yet realized. Recent data released has indicated that the African American house hold, middle class, receives about 20 cents for every dollar received by the average middle class white family,these people are doing everything in there power to make the President look bad, the blame game will start now but it was the Grover Norquest followers who caused this problem, make no mistake about it the 2.7 trillion that was recently signed was all the President could squeeze out of congress. The house of congress is the body of government that deals with the funds this country handles not the White House. I'm sure the tea party will think about this, if they have a brain in there heads and come back in September and take a long hard look at the mess they created, after they blame Obama. The bottom line is the loop holes in the tax code have to be adddress, the super rich have to folk over some of that loot, and the tax code has to be reformed. Hopfully this will be a wake up call for the freshmen congress that think dept, down grading and a week economy is something you can take for granted.

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