Code Red
About
WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
Subscribe
Recent Posts
Recent Comments (RSS)
Twitter Feed
Blogroll
Links
Linkiest
CH 2.0 Info Center
The Jersey Report
Labor Union Report
Memeorandum
Net Right Nation
The Patriot Post Newsletter
Pajamas Media
PJTV
Victor Davis Hanson
J! E! T! S! Jets! Jets! Jets!
OpenVMS.org Portal
AVS Forum
NJ.com Caldwell Forum
The Caldwells Patch
The Jersey Tomato Press
![[socia.list]](http://wyblog.us/images/socia_list-1-200x75.jpg)
Badges
Link to me
Feedjit
Search WyBlog
The Party of "No"
Fair Use Notice
"This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of environmental, political, human rights, economic, democracy, scientific, social issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes."
Hey! I've moved to He's Pretty Fly For A Jersey Guy.
Please update your bookmarks. Thanks!
Tuesday, 11 September 2012
President Downgrade, the sequel
Perhaps in between fundraisers and golf outings President Obama could squeeze in a few minutes to whack Dingy Harry Reid upside the head. Otherwise Moody's will cut our credit rating again.
Moody's Investors Service says it would likely cut its "Aaa" rating on U.S. government debt, probably by one notch, if budget negotiations fail.
Yippee Kai Ay. The Senate hasn't passed a budget in 3½ years, so don't count on them doing anything before the country falls off the "fiscal cliff" come January 1st.
If Congress does not reach a budget deal, more than $600 billion in spending cuts and tax increases will kick in next year, a scenario that's been dubbed the "fiscal cliff" because it is likely to send the economy back into recession and drive unemployment up.
Stock up on ammo and canned goods. Things are gonna get bumpy. And then, if the people in this country are stupid enough to re-elect Barry…
Nah. I don't want to think about that.
UPDATE 12 Sep 2012 08:58:
Many thanks to Wombat-socho for the Live At Five link.
Posted at 11:58 by Chris Wysocki
[/economy]
Comments | Perm Link |
Technorati Tags:
Moodys
credit-rating
Obama
|
Tweet
| Previous: A day for remembrance, and resolve | Next: Cairo and Benghazi 2012 vs Tehran 1979, it's deja vu all over again |
| Main | |