USA may loose AAA rating - DFWstangs Forums
 
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post #1 of 8 (permalink) Old 05-24-2009, 03:07 PM Thread Starter
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USA may loose AAA rating

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The Oxford-educated Mr Fisher, an outspoken free-marketer and believer in the Schumpeterian process of "creative destruction", has been running a fervent campaign to alert Americans to the "very big hole" in unfunded pension and health-care liabilities built up by a careless political class over the years.

"We at the Dallas Fed believe the total is over $99 trillion," he said in February.

"This situation is of your own creation. When you berate your representatives or senators or presidents for the mess we are in, you are really berating yourself. You elect them," he said.

His warning comes amid growing fears that America could lose its AAA sovereign rating.
http://www.telegraph.co.uk/finance/f...ing-money.html

Change we will not want.
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post #2 of 8 (permalink) Old 05-24-2009, 03:14 PM
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The only other alternative we have is to raise taxes. Everyone screams when they raise taxes. So this is what they are doing.

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....LMAO @.... trying to figure out how to make a Utopian society!
In a perfect world the police would get paid to do nothing. So next time you see a cop eatin a donut, Yell.. Hey! Good Job!

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post #3 of 8 (permalink) Old 05-24-2009, 03:24 PM
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Obama will keep spending till WE account for a subprime loan
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post #4 of 8 (permalink) Old 05-24-2009, 05:23 PM
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taxes won't fix this mess

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Originally Posted by 5.0 svo View Post
The only other alternative we have is to raise taxes. Everyone screams when they raise taxes. So this is what they are doing.

I don't know what will but taxes can't
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post #5 of 8 (permalink) Old 05-24-2009, 09:17 PM
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What exactly is an AAA rating or what is it for?
I'd look it up but I'm at work currently. :0
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post #6 of 8 (permalink) Old 05-24-2009, 09:33 PM
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Originally Posted by Taylor View Post
What exactly is an AAA rating or what is it for?
I'd look it up but I'm at work currently. :0
Debt rating. The USA "loosing" its AAA rating is something that's been discussed for months, not exactly breaking news.
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post #7 of 8 (permalink) Old 05-24-2009, 11:16 PM
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hahha china even telling the US how stupid we are when it comes to money. How far the proud have fallen.

The trouble with doing something right the first time is that nobody appreciates how difficult it was.
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post #8 of 8 (permalink) Old 05-24-2009, 11:38 PM
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Originally Posted by Slammy View Post
hahha china even telling the US how stupid we are when it comes to money. How far the proud have fallen.
The biggest dog on the block is the biggest target.
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