An Ol' Broad's Ramblings
I don’t usually post on Sunday morning. I’m too busy trying to get both eyes open so I can get ready for church, but when I saw a link to THIS on FB…..
Citing an increasing debt burden, Egan-Jones Ratings Co. downgrades the US credit rating another notch. This is the second time they have done this in 8 months.
Here is what the President Sean Egan said in a telephone interview:
Reason for downgrade: “the increasing debt load coupled with the fact that there has been no tangible progress in addressing the country’s growing debt to GDP”
“Unfortunately, the debt is growing fairly rapidly while the GDP is not.”
The debt has climbed 23.6% from 2008 to 2010.
What is Obama doing to address this? Probably taking a vacation or campaigning.
This is dated April 9. It’s now April 22. Am I the only one who never heard a word about another downgrade? I realize I haven’t been keeping up with the outside world as well as I should….too much going on…but seriously, I do watch the news once in a while, and if I heard about this, it evidently went in one ear, and out the other, which I find highly unlikely!