seconds: Million 0.0328 years; Billion 31.7 years; Trillion 31,710 years


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Thursday, January 13, 2011

Credit the left for ruining US credit! And, yes, I know Bush started it. The ‘elite’ occupy both parties!

Actually it’s been in progress for decades but Bush greatly accelerated it and then Obama put it into ‘warp’ speed!

TARP covered us with debt and then Obama quadroupled down on it!

S&P, MOODY'S Warn On USA Credit Rating

LONDON—Two leading credit rating agencies on Thursday cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction.

Moody's Investors Service said in a report Thursday that the U.S. will need to reverse an upward trajectory in the debt ratios to support its triple-A rating.

Banks repossess 1 million homes in 2010...
FT: What chance a US default?
CITI still too big after 'ad hoc' bailout
WILL THE FED NEED A BAILOUT?

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