credit downgrade on Townhall
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Erika Johnsen
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Will Any Part of Europe Save Itself? Tue Jan 31Rachel MarsdenThe Fitch Ratings agency has downgraded the credit of another five European countries -- Belgium, Cyprus, Italy, Slovenia, and Spain -- citing "the financing risks faced by eurozone sovereign governments in the absence of a credible financial firewall against contagion and self-fulfilling liquidity crises." ... more
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Elections Have Consequences Fri Sep 2Brian McNicollSomewhere in the files of The Heritage Foundation there is a photo of President Clinton holding up a Heritage report for photographers to see. ... more
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Paul KengorWe have failed to heed the lessons of economic history, with terrible consequences for our economy and country. And the most crucial of those lessons, particularly since the start of LBJ’s Great Society, is this: deficits have been caused not by a lack of income-tax increases but by recession and, most of all, by excessive government spending. ... more
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Robert KnightRecall began as a progressive idea around the turn of the 20th Century, when the villains were law makers in the pockets of the “robber barons” who controlled large banks, railroads and oil. Today’s robber baron is the massive government/union axis that sucks money from the private sector and which always –always--wants more. ... more
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Mike ShedlockSo, yes, I blame Republicans too, but 180 degrees removed from what the Times suggests. Finally, it is primarily Democrat support for unions and untenable union pensions that is at the heart of the crisis in city, state, and municipal governments. ... more
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Cliff MayThe debt crisis, chronic high unemployment, the tumbling stock market, the credit downgrade — these are — fairly obviously — symptoms of an economy in distress. We might disagree about the best policy responses. But perhaps we can agree on the worst: Borrow massive amounts of money from the Communists who want to diminish us and transfer that wealth to the jihadis who want to destroy us. ... more
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David LimbaughOne thing is for sure: It's not in Barack Obama to accept personal responsibility for the consequences of his actions and policies. He still won't own this economy and the exploding spending spiral, reminding us at every turn that our problems are a result of what he "inherited". ... more
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Debt Ceiling Up, S&P Rating Down Tue Aug 9Phyllis SchlaflyThe problem isn't the debt ceiling, but out-of-control spending. The bipartisan compromise increased the government's borrowing limit by nearly a trillion dollars but cut less than $2 trillion in spending over the next 10 years, which hardly makes a dent in the problem. ... more
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Who's Really Downgrading America? Tue Aug 9Pat BuchananThe decision by Standard & Poor's to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites. ... more
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Marita NoonPerhaps traders were holding their breath thinking that the President, absent since the announcement, was really going to say something that might stabilize the markets and give confidence to skittish businesses. Instead he begged Congress to do something to create jobs and talked about the taxes. ... more
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John HawkinsIf it wasn't for those darn Tea Partiers, we’d already be in Obamatopia with unicorn-powered cars and an economy driven to new heights by unity, hope, and most importantly, THE POWER OF LOVE. ... more
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Ron Paul: Inflation Coming Tue Aug 9TexasPresidential hopeful Ron Paul blames out-of-control spending for the downgrade and predicts coming inflation. ... more
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Townhall.com Staff
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