Okay, so Geithner says the S&P made a terrible judgement call in downgrading the U.S. credit rating (read about it here). Well this is a big DUH! Of course Geithner has to say this just as much as a "White House adviser" has to say it is the Tea Party Republican's fault (read about it here) and Republican leaders say it is the fault of the White House and veto threats that forced them to sign onto a less than desirable compromise.
Here are a few of my thoughts.
1) we (the generations since the "Greatest Generation") gave ourselves a lot of services and payments from the government without stopping to think about how this is really funded.
2) we (the same generations previously mentioned) have also proven generally to be poor managers of our own money.
3) now we want to pawn off the payments on future generations by not lowering spending or raising revenue intakes in any meaningful way.
4) we are a bunch of schmucks!!!!!!!!!!!
Here are a few of my thoughts.
1) we (the generations since the "Greatest Generation") gave ourselves a lot of services and payments from the government without stopping to think about how this is really funded.
2) we (the same generations previously mentioned) have also proven generally to be poor managers of our own money.
3) now we want to pawn off the payments on future generations by not lowering spending or raising revenue intakes in any meaningful way.
4) we are a bunch of schmucks!!!!!!!!!!!
No comments:
Post a Comment