US Debt

It's official --- we raised the US debt ceiling.  Moody's allows us to retain our triple-A bond rating, but put a "negative" outlook on the rating.  Moody's warns that out debt to GDP ratio must improve.  Fitch warns that the country's debt level will not allow the US to retain its AAA rating.  Standard and Poors had no comment today, but warned in mid-July of a 50-50 chance they would downgrade our rating.  S&P called for a $4 trillion dollar reduction as  a starting point to show that the government is serious about getting our debt and run-away spending under control.  So, is anyone listening other than the tea party?  This "compromise" deal signed by President Obama today doesn't make a dent.  If we are continuing to borrow more than we take in everyday, there will be a crash and burn.  When conservatives speak the truth about this impending economic doom, the leftist now call them "terrorists."  That's right -- no longer just "extremists", they are now calling conservatives, who want the government to stop spending money they don't have, "terrorists."  Unfortunately, the far left liberals, or progressives if you prefer, are winning the propaganda war because they do still control most of the media in this country.  And while the economy continues to decline, Eric Holder decides to sue Alabama over their new immigration law.   Holder claims the law might lead to discrimination against those suspected of being illegal immigrants and might also deter some from enrolling in schools.  So while Obama and Holder have made it clear they will not allow current laws to be enforced, they have also made it clear they will not allow States to do anything about the problem.  And, Obama and Holder also want to make sure our economy is burdened with the extra expense of providing an education to the illegal immigrants --- and health care, and on and on ....  But of course we cannot cut spending, because that would make us terrorists.