Sunday, August 7, 2011

S&P Warns of Further Downgrade of USA Credit Rating

More Taxes Is Not The Answer!
S& P's managing director John Chambers said Sunday that it would take "stabilization and eventual decline" of the federal debt as a share of the economy as well as more consensus in Washington for the U.S. to win back a top rating.

Chambers is saying that the Tea Party is correct in wanting real declines in government spending.  Therefore you liberals who still support Obama are fools and by supporting the presidents policies you are hurting our country.

Even if you tax every millionaire 100% you would not be able to pay off one year's deficit much less put a dent in our nation debt.  The only sane solution is to cut the size of government.  The longer we wait the more it will hurt. 

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