In the wake of threatening to shut down social security because of a lack of money, and walking of budget talking, Mr O'bama apparent thinks we have got money to help a terrorist group. Kinda makes you question his priorities, doesn't it?
(CNSNews.com) – Facing strong bipartisan support in Congress for defunding a Palestinian government that includes the terrorist group Hamas, the Obama administration on Tuesday stressed the importance of continuing the funding, arguing that the Fatah-Hamas power-sharing deal has changed nothing on the ground.
Meanwhile,
Moody's Investors Service yesterday (July 13) threatened to downgrade America's credit rating, rattling the White House and lawmakers. Moody's on Tuesday (11 July) downgraded Ireland's debt to junk status, amid growing market concerns about the stability of the eurozone as the debt crisis reaches Italy and Spain. Moody's made the same move last week when it downgraded Portugal's rating by three notches to Ba2 status. Greece's rating is considerably lower - Caa1 which stands for "substantial risk", just three steps before what a rating agency considers "default" and with no perspective for investors to recover their money.
According to the EUOBSERVER
Just a question - with all this talk about Congress raising the debt ceiling it made me wonder. Could I go to my credit card company and say that I need to have my credit limit raised because if I don't then my household will shut down and I won't be able to feed my dog? Do you think that would work?
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