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Herman Cain Applauds Defeat of Bill to Raise Debt Ceiling

(Stockbridge, GA)- Republican presidential candidate and business executive Herman Cain applauded the defeat of H.R. 1954, legislation that would raise the federal debt ceiling to $16.7 trillion, saying: “I am pleased to learn that the U.S. House of Representatives voted against raising the debt ceiling to an unacceptable $16.7 trillion. As a business executive, I have turned several companies around ...

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Another Orchestrated Panic

The current political atmosphere in this nation is so diametrically polarized that any centrist or compromising position is seen as selling out. Take note of the fact that damage done by Newt Gingrich’s criticism of Republican efforts to constrain spending and stop piling on debt cannot be easily undone.  That is to say in the immortal words of the late ...

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S&P Deems America a Credit Risk, Hoyer Pushes Pelosi to the Side

  From Standard and Poor’s official website: Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable. (emphasis mine)      Of note there, is ...

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Debt Ceiling Vote: Look at the Hypocrites Come out.

    The endless budget debate in Washington D. C. will ratchet up again next week as Democrats will push to raise the debt ceiling again, while Republicans will demand serious budget cuts in a trade-off for their support for raising the debt ceiling.  Make no mistake  either way, the people paying for all this will eventually see the debt ceiling ...

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