Mikey
14th September 2011, 22:24
WASHINGTON -- Former Vice President Dick Cheney was "embarrassed" when the U.S. credit rating was downgraded in August, and he hopes that the development will compel lawmakers to continue to work to address the deficit.
Cheney's comments came in an extended interview with Rush Limbaugh, published in the right-wing radio host's print newsletter "The Limbaugh Letter."
"Now, these last few months have been pretty messy," said Cheney. "I think like a lot of people I was embarrassed when they lowered our credit rating from AAA to AA. I literally felt embarrassed for my country."
"But I also think that the fact that we've gotten to this point where we are faced with a crisis in terms of the debt problem, that that's going to give those of us who want to address that issue and fix it the leverage that we haven't had up until now, in terms of insisting on the kinds of policies that will be painful, but in the long run are necessary if we're going to restore full faith and credit in the United States government."
Continued at HuffingtonPost. (look for the article by searching for the thread title)
The chart alone (that I have referenced) passively tells us that Obama needs to win re-election in 2012, for the good of our country. One of the most important things that Obama must do with regards to the economy is to work on increasing US employment and reducing the deficit through cuts in defense, other unnecessary services, and by increasing taxes, especially on the top 10%.
This could be implemented with the $450 billion jobs plan that Obama is proposing.
Cheney's comments came in an extended interview with Rush Limbaugh, published in the right-wing radio host's print newsletter "The Limbaugh Letter."
"Now, these last few months have been pretty messy," said Cheney. "I think like a lot of people I was embarrassed when they lowered our credit rating from AAA to AA. I literally felt embarrassed for my country."
"But I also think that the fact that we've gotten to this point where we are faced with a crisis in terms of the debt problem, that that's going to give those of us who want to address that issue and fix it the leverage that we haven't had up until now, in terms of insisting on the kinds of policies that will be painful, but in the long run are necessary if we're going to restore full faith and credit in the United States government."
Continued at HuffingtonPost. (look for the article by searching for the thread title)
The chart alone (that I have referenced) passively tells us that Obama needs to win re-election in 2012, for the good of our country. One of the most important things that Obama must do with regards to the economy is to work on increasing US employment and reducing the deficit through cuts in defense, other unnecessary services, and by increasing taxes, especially on the top 10%.
This could be implemented with the $450 billion jobs plan that Obama is proposing.