7/14/2011

Tax and Spend: Obama, McConnell, Moody’s, China, Putin

putin hooligans

Pittsburgh, Pennsylvania – July 14 –

President Obama is a big time tax and spender. He spent almost a trillion dollars on the stimulus, and I believe he would do it again, if he could get away with it. The President is a graduate of Harvard, but that doesn’t mean a thing. He’s addicted to spending as was the case with Greece. Greece is in austerity mode, and spending is under attack. Portugal, Spain, and Italy are some of the prominent nations with current spending problems. Right here at home we have Minnesota, which is shut down, which has problems due to the big spender Mark Dayton, a Democrat. Democrats have a long history of addiction to taxing and spending, but it will come to a halt, as it did in Greece and Minnesota.

Mitch McConnell:

The Senate's top Republican said Tuesday that he did not see a way for Republicans and Democrats to come to agreement on meaningful deficit reduction as long as President Obama remains in office.

"After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is probably unattainable," Senate Republican Leader Mitch McConnell said in remarks on the Senate floor.

Moody’s:

Moody's Investors Service on Wednesday threatened to lower the United States' credit rating, saying there is a small but rising risk that the government will default on its debt.

China:

BEIJING — Chinese credit ratings agency Dagong said Thursday it had put US sovereign debt on negative watch for a possible downgrade -- following a similar move by Moody's the previous day.

Putin:

They are behaving like hooligans, switching on the printing press and tossing them around the whole world, forgetting their main obligations.”

 

"The arrogance of officialdom should be tempered and controlled, and assistance to foreign hands should be curtailed, lest Rome fall." Cicero