<html><body bgcolor="#FFFFFF"><div>Wrong, g.</div><div><br></div><div>The rating is based on the country's ability to cover (pronounced "pay for") expenditures.</div><div><br></div><div>Drastic spending cuts, at a time when the country is sliding back into recession, does not bode well for our ability to pay our bills.</div><div><br></div><div>I can understand addressing future expenditures and the limits that must be applied to them. But, to tell current creditors (owed by our country) that we may not be able to pay our bills is poor financial management. Bankruptcy courts are full of debtors that claim the same thing.</div><div><br></div><div>As such people lose faith in our economy, as reflected in a 800-point drop in the market SINCE TUESDAY!</div><div><br></div><div>It really is that simple, g.</div><div><br><div>Seeya round town, Moscow.</div><div><br></div><div>Tom Hansen</div><div>Moscow, Idaho</div><div> </div><div>"The Pessimist complains about the wind, the Optimist expects it to change <span class="Apple-style-span" style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); ">and the Realist adjusts his sails."</span></div><div><br></div><div>- Unknown</div><div><br></div></div><div><br>On Aug 6, 2011, at 7:18, "Gary Crabtree" <<a href="mailto:jampot@roadrunner.com">jampot@roadrunner.com</a>> wrote:<br><br></div><div></div><blockquote type="cite"><div>
<div><font color="#000000" face="Calibri">From today's Washington Post</font></div>
<div><font color="#000000" face="Calibri"></font> </div>
<div><font face="Calibri"><font color="#000000">"...<font face="Times New Roman">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."</font></font></font></div>
<div><font color="#000000"></font> </div>
<div><font color="#000000" face="Calibri">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.</font></div>
<div><font color="#000000" face="Calibri"></font> </div>
<div><font color="#000000" face="Calibri">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."</font></div>
<div><font color="#000000" face="Calibri"></font> </div>
<div><font color="#000000" face="Calibri">g</font></div>
<div style="FONT: 10pt Tahoma">
<div><br></div>
<div style="BACKGROUND: #f5f5f5">
<div style="font-color: black"><b>From:</b> <a title="mailto:thansen@moscow.com
CTRL + Click to follow link" href="mailto:thansen@moscow.com">Tom Hansen</a> </div>
<div><b>Sent:</b> Friday, August 05, 2011 7:13 PM</div>
<div><b>To:</b> <a title="mailto:donovanjarnold2005@yahoo.com
CTRL + Click to follow link" href="mailto:donovanjarnold2005@yahoo.com">Donovan Arnold</a> </div>
<div><b>Cc:</b> <a title="vision2020@moscow.com" href="mailto:vision2020@moscow.com">Moscow Vision 2020</a> </div>
<div><b>Subject:</b> Re: [Vision2020] CNN Breaking News</div></div></div>
<div><br></div>
<div>This downgrading, if adopted by the other two rating firms, has more of an
adverse impact than you suggest, Mr. Arnold.</div>
<div><br></div>
<div>Do you realize that most, if not all, 301Ks are committed to investments
with AAA ratings ONLY?</div>
<div><br></div>
<div>The result could be catastrophic </div>
<div><br>
<div>Seeya round town, Moscow.</div>
<div><br></div>
<div>Tom Hansen</div>
<div>Moscow, Idaho</div>
<div> </div>
<div>"The Pessimist complains about the wind, the Optimist expects it to
change <span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469)" class="Apple-style-span">and the Realist adjusts his sails."</span></div>
<div><br></div>
<div>- Unknown</div>
<div><br></div></div>
<div><br>On Aug 5, 2011, at 18:57, Donovan Arnold <<a href="mailto:donovanjarnold2005@yahoo.com"><a href="mailto:donovanjarnold2005@yahoo.com">donovanjarnold2005@yahoo.com</a></a>>
wrote:<br><br></div>
<div></div>
<blockquote type="cite">
<div>
<div style="BACKGROUND-COLOR: #fff; FONT-FAMILY: times new roman, new york, times, serif; COLOR: #000; FONT-SIZE: 12pt"><span style="RIGHT: auto">
<div style="RIGHT: auto">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 <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> population
is employed. Scary! </div>
<div style="RIGHT: auto"><span style="COLOR: black"><o:p><var id="yui-ie-cursor"></var></o:p></span> </div></span><span style="RIGHT: auto"></span>
<div style="RIGHT: auto"><span style="RIGHT: auto">Donovan Arnold</span></div>
<div><br></div>
<div style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<div style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><font size="2" face="Arial">
<div style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class="hr" contenteditable="false" readonly="true"></div><b><span style="FONT-WEIGHT: bold">From:</span></b> Tom Hansen <<a href="mailto:thansen@moscow.com"><a href="mailto:thansen@moscow.com">thansen@moscow.com</a></a>><br><b><span style="FONT-WEIGHT: bold">To:</span></b> Moscow Vision 2020 <<a href="mailto:vision2020@moscow.com"><a href="mailto:vision2020@moscow.com">vision2020@moscow.com</a></a>><br><b><span style="FONT-WEIGHT: bold">Sent:</span></b> Friday, August 5, 2011 7:17
PM<br><b><span style="FONT-WEIGHT: bold">Subject:</span></b> [Vision2020] CNN
Breaking News<br></font><br>Read on, V-Peeps.<br><br>More "good" news to pass
on to the Tea Party stench, the cause behind this<br>downgrade.<br><br><a href="http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm" target="_blank"></a><a href="http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm"><a href="http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm">http://money.cnn.com/2011/08/05/news/economy/downgrade_rumors/index.htm</a></a><br><br>The
downfall of the market this week may foreshadow things to come.<br><br>Seeya
round town, Moscow.<br><br>Tom Hansen<br>Moscow, Idaho<br><br>"Believe we're
gliding down the highway<br>When in fact we're slip slidin' away."<br><br>-
Paul Simon<br><br><br>---------------------------- Original Message
----------------------------<br>Subject: CNN Breaking News<br>From:
"CNN Breaking News" <<a href="mailto:BreakingNews@mail.cnn.com" ymailto="mailto:BreakingNews@mail.cnn.com"></a><a href="mailto:BreakingNews@mail.cnn.com"><a href="mailto:BreakingNews@mail.cnn.com">BreakingNews@mail.cnn.com</a></a>><br>Date:
Fri, August 5, 2011 5:31 pm<br>To: <a href="mailto:textbreakingnews@EMA3LSV06.TURNER.COM" ymailto="mailto:textbreakingnews@EMA3LSV06.TURNER.COM"></a><a href="mailto:textbreakingnews@EMA3LSV06.TURNER.COM"><a href="mailto:textbreakingnews@EMA3LSV06.TURNER.COM">textbreakingnews@EMA3LSV06.TURNER.COM</a></a><br>--------------------------------------------------------------------------<br><br><br>Rating
agency Standard & Poor's says it has downgraded the U.S. credit<br>rating
to AA+ from its top rank of AAA.<br><br>Rating agencies analyze risk and give
debt a "grade" that reflects the<br>borrower's ability to pay the underlying
loans.<br><br>The safest bets are stamped AAA. That's where U.S. debt stood
for
years.<br><br>=======================================================<br>List
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