Gee, this is unexpected, Obama and Geitner lying about default.
What is the problem? Its the debt stupid!
And Moody’s fesses up to the Tea Party:
Moody’s, best known for “Subprime is AAA,” is belatedly coming to the realization that a country running serial deficits of 10% of GDP is not a AAA credit.
Well, admitting you have a problem is the first step. And today, Moody’s is admitting what we’ve been telling you for some time, that the debt ceiling charade is a farce and the real problem is the debt itself.
President “Sub-prime Training Wheels” could not be reached for comment.
And, gee, who predicted this obvious turn … next time Obama or his allies in the press go back to the well and recite the well-worn verse that spending is all the other guy’s fault, take a look at the facts. The lies are crystal clear.
It’s the debt stupid!!! The debt limit is just a distracting kabuki dance. And yes it is all Obama’s fault. As are the lies about GDP, recovery summer and all the other crap spewed by this liar.
No country can run debts of these percentages of GDP, think debt to GDP ratio, and survive.
Cut, Cat and Balance anyone???
Here is Sen Rubio and the real problem defined … read the report.
“can’t raise the debt limit without addressing the real problem, the debt”
I know, don’t pay any attention to the idiot