How far are our politicians willing to mortgage the USA

Posted By 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]

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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