Home » Political Rants » Update….August 1, 2011

Update….August 1, 2011

Looks like still going to be a fight to pass the ‘Agreed To’ debt reduction bill. Some of the GOP conservatives are determined to vote ‘No’ because the bill does not do enough.

They are right, it doesn’t do enough, and if it passes, the rating agencies will probably downgrade our credit worthiness.

We currently are paying $29 Billion, that’s $29,000,000,000 a month in debt service, and that is with the best credit rating……how much will it go up if we are downgraded?

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