Day: August 2, 2011


“Moody’s Investors Service says the United States will retain its AAA credit rating after President Obama signed a bill to raise the federal debt ceiling.

Moody’s assigned a negative outlook on the top-notch rating, echoing comments by Obama that the new deal was only a “first step” toward a long-term debt solution.

Still in question is the rating assigned by Standard & Poor’s, which last month warned lawmakers of a possible downgrade.

The AAA rating enables nations to borrow funds at lower costs because their governments are considered stable and their bonds safe.” [Source: CNN]

THE RICH KEEP THEIR TAX CUTS!


SENIORS & MILITARY WILL GET PAID

THE RICH WILL KEEP THEIR TAX CUTS

After a protracted legislative process to solve a manufactured financial crisis, Democrats and Republicans make a deal that:

  • Avoids Default
  • Averts a Downgrade of US “AAA” Rating
  • Makes No Cuts to Social Security, Medicare and Medicaid
  • Sets up Congressional Committee for Further Cuts
  • Achieves a Raise in Debt Ceiling Through 2012


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Daily Cartoon from CartoonStock.com


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