US Faces Another Downgrade Without Budget Plan

The U.S., lacking a plan to contain $1 trillion deficits, faces the prospect of another rating cut in six to 24 months depending on the outcome of November elections, according to John Chambers of Standard & Poor’s.

America has had an AA-plus rating with a negative outlook since Aug. 5 when the New York-based unit of McGraw-Hill Cos. stripped the nation of its AAA ranking for the first time, citing the government’s failure to agree on a path to reduce deficits.

The U.S. has a one-in-three chance of another downgrade, Chamber said during a recent S&P sponsored Webcast.

“What the U.S. needs is not so much a short-term fiscal tightening, but it has to have a credible medium-term fiscal plan,” said Chambers, managing director of sovereign ratings. “That is going to have to say something about entitlements, and that is probably going to have to say something about revenues.”

Bond investors ignored the downgrade, driving Treasury yields to the lowest levels in history, amid concern the U.S. economy was stalling and as Europe’s debt crisis intensified.

Treasurys have returned 3.9 percent since the rating cut and gained 9.8 percent last year, the debt’s best performance since 2008, according to Bank of America Merrill Lynch index data.

“I don’t think anything is going to happen between now and the election in November,” Chambers said.

S&P said in August that political brinkmanship over increasing the government’s debt ceiling year showed the U.S. is becoming “less stable, less effective and less predictable” as the Treasury almost reached its borrowing limit before the government reached a compromise.

The “political brinkmanship hasn’t gone away,” Chambers said. “That simply doesn’t happen in other AAA economies.”

Find the article at S&P's Chambers Warns: US Faces Another Downgrade Without Budget Plan

Thoughtsjustoffcenter: You have a budget, I have a budget, why doesn't congress think they need a budget? Yes, we break our weekly, monthly and sometimes yearly budgets from time-to-time, but we all know the money has to be paid/put back at some time or another. Otherwise we would all be bankrupt. Is this what we want our current or future to be - a nation in bankruptcy? I don't and I hope you don't. We have to live within our means - why can't the nation? Do you job Mr. President, Mr./Mrs,/Ms. Senators and Representatives.
 Senator. congress

Good Bye and Good Riddence!

from: http://netrightdaily.com/2011/11/barney-franks-impact/

Who Voted Against the "in GOD WE TRUST" Issue Before Congress

Here are our American Atheists that serve in the U.S. House of Representatives. Odds are we won't know about the U.S. Senate, for a fact, because the Senior American Atheist in the U.S. Senate won't allow it to come forward for a vote. Yet I'm sure you'll be able to figure it all out just by looking at the over-all voting records of the various Senators.

Lawmakers voting against “In God We Trust” include:

Rep. Jerrold Nadler (D-NY),
Rep. Gary Ackerman (D-NY),
Rep. Justin Amash (R-Mich),
Rep. Judy Chu (D-CA),
Rep. Emanuel Cleaver (D-MO),
Rep. Mike Honda (D-CA),
Rep. Hank Johnson (D-GA),
Rep. Bobby Scott (D-VA), and
Rep. Pete Stark (D-CA).

Voting present, the "Chicken Shits" were:

Rep. Keith Ellison (D-MN), and
Rep. Melvin Watt (D-NC).

Political Television Ad

From my friend at:

Thanks Brad!

Another hit out of the park - if he was running here in Colorado Springs. He'd have my vote.  The DemocRATS are trying to get the media to take this ad off the air.

Prima Facie

August 29, 2011 by Bob Livingston

The American people do not inquire beyond that which appears as “public” information.

Prima Facie is a legal term that translates as “on its first appearance” or “at first sight.” This also means self-evident.

In other words, if something is prima facie, no inquiry is needed to further investigate. All evidence is contained on the face of a subject.

The American people see and interpret prima facie. They do not inquire beyond that which appears as “public” information.

The reality is that most information comes to us in layers. The truth is beneath the surface and beneath the written or spoken word. Information from the public media and from official and political sources comes in layers. The first layer is what our natural senses perceive and retain as fact. This is almost 100 percent deceptive.

However, inquiring beneath the first layer, or prima facie, brings us closer to reality and truth. The more layers peeled back and the more inquiry we make, the closer we come to reality.

Some people get through several layers. A few people get to the reality that all or almost all public information, as well as public education, is false and totally misleading.

Finally, a small number of people get through enough layers of information that they come to the shocking conclusion that government is organized crime and it is every man for himself.

Most people don’t inquire enough to get to the big shock. The ones who do rush their assets out of the country.

This is why propaganda is so effective against a population. It is human nature to see, hear and translate without inquiry or without question.

The world of most Americans is a cartoon, a fantasy or a mirage. This is the product of a controlled media and “public education.”

People control is a work in progress. The system attacks the population by dumbing the people down to the point where they have no inquiry. Everything is prima facie. Everything is what the system says it is. Our lives are prescribed and defined. We do not think our own thoughts. We have a Mickey Mouse mentality, and we dwell upon frivolity.

Dr. Ron Paul (R-Texas) is the only sober voice in American politics. He repeatedly warns the American people about the evils of our monetary non-system and how fiat paper money is in the final stages of transferring the remaining savings and wealth of the American people to the money creators.

Few people are listening!

Paul has now drilled a chink in the armor of the elite’s 100-year tyranny and financial burden of the private Federal Reserve Bank. Paul teaches and explains daily about the evils of a debt money system that is in the final stages of destroying America and impoverishing its people.

Thoughts just off center comment: As an ultra conservative, Ron Paul tells the truth as he sees it.  He makes serious gaffs when asked questions towards America’s evolvement in foreign affairs. I for one would not want him as the President for his lack of knowledge and clear views on foreign affairs and a few other issues. He would isolate us from the rest of the world.

How has this monster, masquerading as a central bank, survived and prospered in our midst for several generations since 1913? The answer is back to prima facie. We accept the propaganda of the Federal Reserve and its lackey banker stooges without inquiry. The Federal Reserve Bank is organized crime at its apex and perfection.

This private cartel is at this moment creating inflation and food shortages by stepped-up money printing. It is criminal but “legal.”

The American people have been well taught to trust the system, the politicians, the bankers and the bureaucrats. They are oblivious to crime at the highest levels of government and the crime of the money creators.

The United States Congress and the U.S. Presidents are scoundrels. They get elected and stay in office by promising something they don’t have. It’s made possible because of printing-press money.

President Andrew Jackson said: “If the American people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”

“Presidents Lincoln, Jackson and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest…” (Quotes from “Bulletin” Feb. 1989 and 1991 issues, P.O. Box 986, Ft. Collins, Colo. 80522).

My friends, the sole purpose of the U.S. Federal Reserve (which is neither Federal nor reserve) is to transfer wealth from savers and producers to the non-productive creators of fiat money. We are in the final stages of the greatest wealth transfer in history, and precious few Americans are aware of it. This is a testament to how crime at the highest levels can operate for a century under the cover of prima facie. The people simply believe without inquiry what the system tells them.

We are out of time because governments in their last days engage in all kinds of tyranny and oppression under high-sounding and “patriotic” terms. Be warned and beware. As confidence collapses, aggression against the population intensifies.

Bob Livingston is an ultra-conservative American who has been writing a newsletter for 42 years. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom. His views and writings can be found at: http://www.personalliberty.com/

I predicted this was going to happen.

and it did.



So much for believing that our Representatives and Senators would to the right thing, instead of leaving our children and grandchildren to poverty.