US Credit Downgrade Is The End Of The World – Here’s Why

Other countries have had downgrades and been fine so why is this different? Here’s what people don’t understand: Unlike other sovereign debt downgrades such as europe or japan that have happened, the U.S. treasury securities are unique as a substitute for cash/dollars. No other country is like this, their securities are considered risk investments not […]

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China tells U.S. “good old days” of borrowing are over

NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over. Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget […]

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The Truth About The Debt Deal

The so called “historic, bipartisan compromise” reached to raise the debt limit does not end the struggle to reign in the federal deficit — in fact, all it does is pushes the most difficult decisions off into the future. More surprising, the debt deal actually cuts almost nothing now–it just promises future cuts that may […]

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Boehner: No ‘Blank Check’ for Obama

Boehner Responds to Obama’s Address: ‘The Bigger the Government, the Smaller the People’ In his response to President Obama’s televised address to the nation Monday night, House Speaker John Boehner stuck to his guns, giving no indication he would be willing to compromise with the President on a debt deal. During his address, Boehner asserted […]

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SHOCK: Post Office Home Delivery Could be Cut to ‘3 Day’s a Week’…

Falling mail volume and soaring red ink may soon doom Saturday mail delivery and prompt three-day-a-week delivery within 15 years, Postmaster General Patrick Donahoe warns. Donahoe’s forecast is based on a projected $8.3 billion loss this year as the drift from paper to electronic communication hammers the Postal Service. “On Sept. 30,” he told the […]

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