tag:blogger.com,1999:blog-28837843.post2443028162949566197..comments2024-03-11T09:29:31.793-07:00Comments on Quark Soup by David Appell: Thanks, Tea PartyDavid Appellhttp://www.blogger.com/profile/03318269033139447591noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-28837843.post-48738795218050980122011-08-07T19:10:54.355-07:002011-08-07T19:10:54.355-07:00The problem isn't the rating. The problem is ...The problem isn't the rating. The problem is the debt.charlesHhttps://www.blogger.com/profile/17798022842779057473noreply@blogger.comtag:blogger.com,1999:blog-28837843.post-56912644710665559452011-08-07T18:34:58.730-07:002011-08-07T18:34:58.730-07:00This is the same S&P who just made a $2 trilli...This is the same S&P who just made a $2 trillion error in their analysis of the US budget. And who gave high ratings to the junky bonds that started all this mess. Clearly they have some problems with basic competence.David Appellhttps://www.blogger.com/profile/03318269033139447591noreply@blogger.comtag:blogger.com,1999:blog-28837843.post-14333519427528844172011-08-06T15:12:34.285-07:002011-08-06T15:12:34.285-07:00Frankly, I'm not concerned about the US paying...Frankly, I'm not concerned about the US paying back its debt. I do believe they will inflate the currency to make it easier. <br /><br />This makes the US different than the Greek situation. Greece is like a state in the EU, no national currency to inflate.charlesHhttps://www.blogger.com/profile/17798022842779057473noreply@blogger.comtag:blogger.com,1999:blog-28837843.post-14866186413226996582011-08-06T06:20:28.561-07:002011-08-06T06:20:28.561-07:00"The bond-rating houses kept saying all along..."The bond-rating houses kept saying all along that they weren't worried about the debt ceiling not being increased. Rather, they were worried about the long-term prospects of the U.S. government paying back $15-plus trillion, which is where our national debt (both publicly held and obligated to trust funds) will be shortly.<br /><br />Because last weekend's deal didn't cut spending deeply enough, S&P has just downgraded us."<br /><br />http://tinyurl.com/4444v9tcharlesHhttps://www.blogger.com/profile/17798022842779057473noreply@blogger.comtag:blogger.com,1999:blog-28837843.post-58382273560915260132011-08-05T18:36:19.457-07:002011-08-05T18:36:19.457-07:00"S&P decided to lower the AAA rating, hel..."S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending."<br /><br />http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_print.htmlcharlesHhttps://www.blogger.com/profile/17798022842779057473noreply@blogger.comtag:blogger.com,1999:blog-28837843.post-81540637671391041152011-08-04T18:41:59.360-07:002011-08-04T18:41:59.360-07:00Well I too can keep economic growth going strong i...Well I too can keep economic growth going strong in my own household if I borrow money to enable spending beyond my income. The problem is that eventually the debt has to be repaid.<br /><br />Would you have the US end up like Greece? That is where the US economy is headed if we keep borrowing like we have been.charlesHhttps://www.blogger.com/profile/17798022842779057473noreply@blogger.com