Jul 19, 2011

Debt Ceiling / Svet Ceiling...!!!

       Now two major financial forces have said the debt ceiling should be done away with. First it was Moody's, the rating agency. And now it's Warren Buffett.
       Not that they're exactly disinterested spectators.
       But while an elimination of the ceiling might end all of this political posturing, it would also allow, in theory, unlimited debt....probably the last thing the tea-party folks want to hear.
       And let's not forget it was the ratings agencies like Moody's that said the sub-prime mortgage investments were just fine! 
        And those ten times the debt ceiling was raised during the G.W. Bush years, where was Mr. Eric Cantor then?

1 comment:

  1. The Tea Party folks have one goal: to make Barack Obama a one-term president.

    And they don't care who gets hurt in the process.

    ReplyDelete