Congress has lost its mind...

BigV · 08-05-2011, 08:22 PM

S and P has downgraded the rating of US Treasury bonds from AAA to AA+.

They say it is because they don't believe our government will get its act together enough to take care of our financial promises.

tw · 08-05-2011, 08:57 PM

Two bond rating agencies downgraded Italy's government bonds. So another wacko extremist (Berlusconi) had the cops raid both company's offices.

Berlusconi has only done what extremists in America also did so many years ago. Running up debts so that the debts never appear on any spread sheet. Today we are paying for our year 2000+ wakcos. Italy has yet to start paying for their wacko who is still in power. The Euro is in major crisis especially when the EU’s #3 largest economy is that fiscally irresponsible.

Ironically, even Chavez in Venezuela has been more responsible than Berlusconi.

08-05-2011, 08:22 PM	#1
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	S and P has downgraded the rating of US Treasury bonds from AAA to AA+. They say it is because they don't believe our government will get its act together enough to take care of our financial promises. __________________ Be Just and Fear Not. Last edited by BigV; 08-05-2011 at 08:32 PM.

08-05-2011, 08:57 PM	#2
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	Two bond rating agencies downgraded Italy's government bonds. So another wacko extremist (Berlusconi) had the cops raid both company's offices. Berlusconi has only done what extremists in America also did so many years ago. Running up debts so that the debts never appear on any spread sheet. Today we are paying for our year 2000+ wakcos. Italy has yet to start paying for their wacko who is still in power. The Euro is in major crisis especially when the EU’s #3 largest economy is that fiscally irresponsible. Ironically, even Chavez in Venezuela has been more responsible than Berlusconi.

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