[Vision2020] CNN Breaking News

Sat Aug 6 10:00:55 PDT 2011

Selective quoting yet again, eh, Gary?

For those interested, here's the link to the article Gary is quoting:

http://tinyurl.com/WP-S-P-Downgrades

Of course, anyone listening to reputable news and not selectively quoting is
aware of this little gem, which is also in the article Gary selectively
quoted from:

"The majority of Republicans in Congress continue to resist any measure that
would raise revenues," the firm said."

So, yes, let's be sure to be honest about the teabaggers' role in this
fiasco:  they are apparently too economics challenged to understand that the
US simply cannot appropriately deal with our debt without increasing revenue
as well as addressing  spending.  That ignorance plays a significant -
perhaps the most significant -- role in this disaster.

And, the current GOP leadership obviously lacks the backbone to stand up to
these lunatics who are willing to absolutely destroy this country's economy
in the name of their flawed ideology.

Perhaps a great example is the FAA deauthorization - they were so stupid
they thought they were saving taxpayers money (as well as attacking the hard
working American men & women who make up airlines) by preventing the FAA
from collecting taxes.  But, what really happened?  The same damn thing that
happens nearly every time we give big corporations a "break":  the airlines
ran with their corporate greed & simply jacked up ticket prices.

As near as I can tell, the 'baggers either think greed is a virtue or are as
stupid as their hero Greenspan was about the pervasiveness of greed & the
loss of humanity, compassion, and caring for others in America.

They must be so proud.

Which speaks volumes about what's gone wrong with this country - greed &
ignorance trump all.

Saundra Lund

Moscow, ID

The only thing necessary for the triumph of evil is for good people to do
nothing.

~ Edmund Burke

***** Original material contained herein is Copyright 2011 through life plus
70 years, Saundra Lund.  Do not copy, forward, excerpt, or reproduce outside
the Vision 2020 forum without the express written permission of the
author.*****

From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com]
On Behalf Of Gary Crabtree
Sent: Saturday, August 06, 2011 7:19 AM
To: Tom Hansen; Donovan Arnold
Cc: Moscow Vision 2020
Subject: Re: [Vision2020] CNN Breaking News

>From today's Washington Post

"...the bipartisan agreement reached this week to find at least $2.1
trillion in budget savings "fell short" of what was necessary to tame the
nation's debt over time and predicted that leaders would not be likely to
achieve more savings in the future."

Was it the Tea Party that was fighting tooth nail in favor of raising the
debt limit to an absolute all time high with no spending reductions what so
ever? Was it the Tea party that would have no part of the cut, cap, and
balance plan or the Mack penny plan that would have put the country on a
path to solvency? Can you point to a single democrat/progressive plan that
might have had as a result even a slight reduction in the countries debt
burden? Heck, with two years of total government control they couldn't even
pass a budget.

The bond rating agencies want to see spending and the debt required to
perpetuate it brought under control, a goal that is at the very heart of the
"Tea Party stench."

g

From: Tom Hansen <mailto:thansen at moscow.com>  

Sent: Friday, August 05, 2011 7:13 PM

To: Donovan Arnold <mailto:donovanjarnold2005 at yahoo.com>  

Cc: Moscow Vision 2020 <mailto:vision2020 at moscow.com>  

Subject: Re: [Vision2020] CNN Breaking News

This downgrading, if adopted by the other two rating firms, has more of an
adverse impact than you suggest, Mr. Arnold.

Do you realize that most, if not all, 301Ks are committed to investments
with AAA ratings ONLY?

The result could be catastrophic 

Seeya round town, Moscow.

Tom Hansen

Moscow, Idaho

"The Pessimist complains about the wind, the Optimist expects it to change
and the Realist adjusts his sails."

- Unknown

On Aug 5, 2011, at 18:57, Donovan Arnold <donovanjarnold2005 at yahoo.com>
wrote:

The good thing about a democracy is you get what you voted for. And the bad
thing about democracy is you get what you voted for. Unfortunately, it is
going to take much more than a downgrade of AAA to AA+ from S&P to make the
American people respond to this economic crisis. I heard on NPR today that
only 58% of the adult US population is employed. Scary! 

Donovan Arnold

From: Tom Hansen <thansen at moscow.com>
To: Moscow Vision 2020 <vision2020 at moscow.com>
Sent: Friday, August 5, 2011 7:17 PM
Subject: [Vision2020] CNN Breaking News

Read on, V-Peeps.

More "good" news to pass on to the Tea Party stench, the cause behind this
downgrade.

http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm

The downfall of the market this week may foreshadow things to come.

Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho

"Believe we're gliding down the highway
When in fact we're slip slidin' away."

- Paul Simon

---------------------------- Original Message ----------------------------
Subject: CNN Breaking News
From:    "CNN Breaking News" <BreakingNews at mail.cnn.com>
Date:    Fri, August 5, 2011 5:31 pm
To:      textbreakingnews at EMA3LSV06.TURNER.COM
--------------------------------------------------------------------------

Rating agency Standard & Poor's says it has downgraded the U.S. credit
rating to AA+ from its top rank of AAA.

Rating agencies analyze risk and give debt a "grade" that reflects the
borrower's ability to pay the underlying loans.

The safest bets are stamped AAA. That's where U.S. debt stood for years.

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