Sunday, August 07, 2011

The Debt Crisis In A Nut Shell

The Debt Crisis explained:
  1. Democrats run up the national debt to unsustainable levels buying junk that no one wants or needs;
  2. Democrats want to raise the debt limit so they can spend even more;
  3. Republicans say NO;
  4. USA credit rating is downgraded due mainly to an inadequate cut in spending;
  5. Republicans are blamed for the downgrade.
Ain't politics fun?

No comments: