Saturday, August 20, 2011

Fitch affirms AAA rating on US debt

They disagree with S and P; they have a stable outlook on the AAA rating.  They will re-visit the decision at the end of 2011 and could go negative if lawmakers fail to save the $2.1 Trillion the agreed on. Of course Republicans blame President Obama for the S and P downgrade a few weeks ago. I think president Bush is the most to blame and the Republicans seem to want to spend but take in no taxes.  They refuse to let the rich pay any taxes and definitely not the super rich or corporations.  Then when we realize we are to far in debt the benefits to the poor and middle class are on the chopping block just like here in Wisconsin with Governot Walker.   I predict that president Obama will get a second term but I think it will turn him gray. We should pray for him even if we disagree with him. as I said before September will be better than August and 2012 will be better than 2011.

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