How far are our politicians willing to mortgage the USA
Posted By RichC on December 8, 2009
As the politicians in Washington continue their borrowing and spending, President Obama pitches using $200B from borrowed TARP funds for yet another stimulus … money that wouldn’t even be asked to be paid back. At the same time, the Moody credit worthiness rating company warns of potential downgrades for U.S (and other nations) if fiscal deficits and heavy debts are not effectively managed.
How far are our politicians willing to mortgage US taxpayers ... and their children? We are talking ridiculously unsustainable rates of spending and deficits that grow our debt well in to the future. (video new clip below)
[flv:FN_MoodyRating091208.flv 480 355]
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