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S&P Places U.S. on Negative CreditWatch, Could Lower Rating as Early as This Month

S&P Places U.S. on Negative CreditWatch, Could Lower Rating as Early as This Month

Perhaps the current economic and political climate lends one to believe that, where our once stellar AAA credit rating is concerned, anything is possible. And sadly, that seems to in fact be the case.

Standard & Poor‘s has placed its ’AAA’ long-term and ‘A-1+’ short-term sovereign credit ratings on the U.S. on negative CreditWatch.

According to the rating agency, CreditWatch is used to mark the “substantial likelihood of S&P taking a ratings-action within the next 90 days, or in response to events presenting significant uncertainty to the creditworthiness of an issuer.”

S&P released a statement saying Thursday’s CreditWatch placement signals a “one-in-two” likelihood that, due to the “political debate on the debt ceiling,” it will lower the long-term rating on the U.S. within the next 90 days. However, it could happen even sooner than that. According to S&P, if the debt ceiling debate continues, the agency has stated it could lower the long-term rating on the U.S. as early as this month and “leave both the long-term and short-term ratings on CreditWatch with negative implications pending developments.”

The rating agency has also placed its short-term rating on the U.S. on CreditWatch negative, stating it is a reflection of its view that the “current situation” poses “such significant uncertainty to the U.S.’ creditworthiness.”

One of the reasons cited for adding U.S. to CreditWatch is due to a perceived risk of the U.S. defaulting on government debt by not raising the debt ceiling.

S&P, in a released statement published by Reuters, goes on to clarify its position on U.S. credit ratings:

– Since we revised the outlook on our ‘AAA’ long-term rating to negative from stable on April 18, 2011, the political debate about the U.S.’ fiscal stance and the related issue of the U.S. government debt ceiling has, in our view, only become more entangled. Despite months of negotiations, the two sides remain at odds on fundamental fiscal policy issues. Consequently, we believe there is an increasing risk of a substantial policy stalemate enduring beyond any near-term agreement to raise the debt ceiling.

– As a consequence, we now believe that we could lower our ratings on the U.S. within three months.

– We may lower the long-term rating on the U.S. by one or more notches into the ‘AA’ category in the next three months, if we conclude that Congress and the Administration have not achieved a credible solution to the rising U.S. government debt burden and are not likely to achieve one in the foreseeable future.

– We still believe that the risk of a payment default on U.S. government debt obligations as a result of not raising the debt ceiling is small, though increasing. However, any default on scheduled debt service payments on the U.S.’ market debt, however brief, could lead us to revise the long-term and short-term ratings on the U.S. to ‘SD.’ Under our rating definitions, ‘SD,’ or selective default, refers to a situation where an issuer, the federal government in this case, has defaulted on some of its debt obligations, while remaining current on its other debt obligations. — We may also lower the long-term rating and affirm the short-term rating if we conclude that future adjustments to the debt ceiling are likely to be the subject of political maneuvering to the extent that questions persist about Congress‘ and the Administration’s willingness and ability to timely honor the U.S.’ scheduled debt obligations.

S&P reportedly believes continued delays in raising the debt ceiling could lead the agency to conclude that a U.S. default is “more possible” than “previously thought.”

However, the agency says that if congress and the administration “agree to raise the debt ceiling” it will try to review the details of the agreement within the next 90 days to “determine” whether it is “sufficient to stabilize” the U.S.’ medium-term debt dynamics.

But according to a UPI report, both Republicans and Democrats will be taking the day off tomorrow:

Debt limit talks ended in Washington Thursday with no plans for negotiations Friday when the White House said the president will hold a news conference.

Citing a Democrat familiar with the talks, The Hill reported negotiators will likely meet during the weekend. A short time after Thursday’s talks ended without an agreement, the White House said President Barack Obama will hold a news conference at 11 a.m. EDT Friday.

The news conference, scheduled for Friday at 11 a.m., is, according to White House officials, to discuss the “the status of efforts to find a balanced approach to deficit reduction.”

The National Journal reports that earlier Thursday Obama encouraged House and Senate leaders to work “over the next 24 to 36 hours” on finding a path forward regarding the debt ceiling.

The Obama administration will reportedly be “on call” over the weekend.

So is the fate of our S&P credit rating worth raising the debt ceiling? Or could our credit rating suffer an even worse fate if we raise the ceiling and borrow more than we can afford to pay back? What say you?

Comments (117)

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  • DYNA
    Posted on July 14, 2011 at 11:06pm

    It is stupid to borrow or “print” more money to increase our indebtedness. There has been to many people, including foreigners, that live on the taxpayers. There has been too many Federal civilian employees getting too involved in our lives. There has been too much money wasted on ridiculous programs.
    There should not be any tax money surreptitiously funneled into supporting political parties, including the Democrats.

    Report Post »  
    • sWampy
      Posted on July 15, 2011 at 12:05am

      No this is a farce to scare dumb americans to get pissed a republicans because according to lame stream media, it‘s their fault since we didn’t raise the debt limit. Which is stupid because the us raising the credit limit is like me saying my credit limit is 10K when in reality it’s only 5K.

      Report Post »  
    • Restored One
      Posted on July 15, 2011 at 12:28am

      All of The Republicans are not saying that they absolutely will not raise the debt ceiling. The majority are saying for every dollar that the debt ceiling is raised = every dollar that we make cuts. That is a simple math equation. I wish that some of these talking heads could put it in lame stream numbers. If I owe 500,000 and additionally spend 500,000 if I need 250,000 more in credit, well then I have to cut my spending by 250,000, so that the I can take the 250,000 and put it towards my debt. I am still f’d, but it is a start in the right direction RIGHT? Is this what Obama said that we “Little People” could not grasp? Seems pretty simple.

      Report Post »  
    • the hawk
      Posted on July 15, 2011 at 1:53am

      predator drone strike!

      Report Post »  
    • joe3
      Posted on July 15, 2011 at 2:12am

      did every one hear about how these credit agencies fired their people who were warning them about the housing bubble? these agencies are puppets of the mega banks and goldman sachs.

      Report Post »  
    • ConstConservative
      Posted on July 15, 2011 at 2:35am

      This is some serious trouble looming. With Helicopter Ben hinting at QE3 the other day and my expectation that the Republicans will end up “comprimising” and raising the debt limit this could really head toward a downward spiral with a lowered credit rating. I am just hopeful there are some people with sense that can turn this around. I know Ron Paul will stand strong with his principles and not raise the debt ceiling.

      I thought Michelle Bachman would too, but she has been a little hard to follow on her reasoning supporting Paul Ryan’s plan, then saying she wouldn‘t vote for any raise to the debt ceiling and I don’t even know where she stands now? It is just a little difficult to see her final position. Although I do think she is pretty darn strong fiscally – being against the bailouts, TARP, and fairly frequently discrediting the Federal Reserve. There is no question in my mind how Ron Paul will vote though and that is to NOT raise the debt ceiling. I hope enough follow his lead to ensure we don’t get our credit rating lowered!

      Report Post » ConstConservative  
    • ConstConservative
      Posted on July 15, 2011 at 2:43am

      Whoops. I just re-read the article. They are saying that if we don’t increase the debt limit then they will (potentially) lower our credit rating. That is about the most assinine thing I’ve heard in a long time! Hannity was talking the other day – we get $200 billion in revenues each month – plenty to pay for interest on our debt, SS, medicare, VA benefits, troops, etc., etc. If there is any default from not increasing the debt limit, it falls squarely on the shoulders of Obama (or whoever in his administration) that allots where the money goes that is brought in. If it is not used for essentials such as paying the interest on the debt, he is just plain trying to screw the entire country over (not that it would be the first time!).

      Report Post » ConstConservative  
    • bullcrapbuster
      Posted on July 15, 2011 at 2:59am

      So our credit rating gets better if we borrow money to pay the interest on our loans and it falls if we get frugal and pay the interest by cutting wasteful spending? Looks like S&P in helping Obama with his fear mongering strategy. Finally some transparency. The timing makes it pretty obvious as to what S&P’s agenda is.

      Report Post » bullcrapbuster  
    • Polwatcher
      Posted on July 15, 2011 at 5:43am

      How can borrowing more money possibly help?

      Report Post »  
    • Blackhawk1
      Posted on July 15, 2011 at 9:37am

      The credit rating agencies are now regulated by Obama. It was in his Financial Regulation Bill. All these agencies are doing is what Obama is telling them to do. Scare the American people who are to dumb to figure it out.

      Report Post » Blackhawk1  
    • realindependent
      Posted on July 15, 2011 at 4:56pm

      If you call your mortgage holder and say hey, im just gonna pay the interest on my loan. Wouldnt your credit score go down? wouldnt you then default on your loan? Same thing morons. You dont pay your bills your credit gets ruined. You cant just pay the interest. And if you need more money to pay your bills you either cut your spending and you try to bring in more income by getting another job.

      How are you gonna pay 14.5 trillion dollars by just cutting? you tell me how to cut 14.5 trillion in dollars from the budget without putting seniors or poor people out on ths street. you guys talk a good game but show me the numbers that back your ideals.

      Report Post » realindependent  
    • Tree
      Posted on July 15, 2011 at 5:29pm

      Agreed, cut the entitlements, refer to charitable organizations, and use the taxpayer money for what taxpayers need and use, like getting out of debt! Raising the debt ceiling won’t improve our credit, and as S&P says it’s only a small chance not doing so would negatively impact it. So let’s start paying off this debt!!

      Report Post »  
  • 101
    Posted on July 14, 2011 at 11:04pm

    That’s what happens when you overspend & have too much debt with no assets/ savings…welcome to the real world!

    A lot of Americans have had their credit rating dropped because of no jobs…
    CONGRESS GET A JOB!

    Report Post »  
    • Patrick in AZ
      Posted on July 14, 2011 at 11:07pm

      The more “they” pressure, the more I am convinced that they are trying to screw us

      Report Post » Patrick in AZ  
    • JQCitizen
      Posted on July 14, 2011 at 11:19pm

      Patrick is exactly right. You can tell there are many forces lined up against this nation; and since we know one of them is ensconced in the White House, we have much to fear! I don‘t think for a moment that all these forces aren’t either in cahoots with Obama, or licking their chops, smelling the blood in the water, and waiting to take advantage. Here’s praying in the words of David, the Psalmist. “…may they be caught in their own nets…”

      Report Post »  
    • 101
      Posted on July 14, 2011 at 11:40pm

      It’s all one big Dog & Pony Show…neither party has a budget in writing, so they will have to work “overtime” over the weekend and come up with a deal (surprise) they will have raised the debt ceiling and skewed the numbers to make it look like both sides got something (politics at its best).

      You can’t just throw numbers out, 2 trillion…NO…4 trillion…NO…3 trillion then back to 4 without a budget (something in writing) Congress has no say or vote. Party leaders only “closed door” meeting!

      Yes, we will get screwed!

      Report Post »  
  • Cheetosareus
    Posted on July 14, 2011 at 11:01pm

    Shouldn’t Standard and Poor wait to see if we do default. There is really no reason to default on anything. There is enough revenue coming in to pay it all…or at least the interest on the debt. I’m sure our creditors would be delighted with that…it means more in their pockets in the long run…or the longer we take to pay on the principle the more interest they make.

    I think Obama has some influence through Gehitner and Bernake with the credit raters.

    We need to cancel Obama’s credit cards and take away the keys to the car.

    Report Post »  
  • TRILO
    Posted on July 14, 2011 at 10:56pm

    We should have been on a negative credit watch years ago when George Bush and the Republicans were spending like drunk sailors (no offense to sailors) and making financial promises they could not afford. And let me get this straight… Moody’s and S&P are threatening to downgrade our credit if we fail to go into more debt to pay our debt. Is that not by definition bankruptcy?! Were these idiots not the same group of people that gave AAA ratings to all of the credit default swaps that brought down the financial markets. These people are so in bed with the political class that it makes me sick… save the banksters and to hell with the American taxpayer.
    FYI I heard earlier this evening (7/14) that the McConnell “deal” appears to be back on in the Senate which would give BHO power to raise the debt limit, of course with “strings” attached. I guess we will see tomorrow. If that is the case they might as well put the Constitution in the paper shredder.

    Report Post » TRILO  
  • Chuck
    Posted on July 14, 2011 at 10:47pm

    Any Credit Rating Agency (S&P, Moody’s, Fitch, Weiss) that even suggests that raising the debt ceiling from here (14.5 trillion) is sadly in the pocket of g.soros and bo. This simply and emphatically details how far reaching the commies’ paws are. This infiltrating of the credit rating bureaus required some time. I would have loved to see the personnel changes in upper mgt of these firms over the last 5 years. The commie dems placed their people in Fannie & Freddie way back in the mid 1990′s. If the conservatives do take control of both legislative houses, the executive and bump up their presence in the judicial branch in 2012, then they need to begin fumigating BIG TIME, all the agencies and bureaus and halls of education that the commies have touched. It is no longer simply about voting in a congressman or pres; we must capture all the peripheral posts of what drives our society. Universities. Secretary of State positions, judicial ranks at all levels, De-contaminate all the publicly-traded corporations that were touched by bo & his thugs. Eliminate the ACLU and the UNITED NATIONS !! Get the UNITED NATIONS OFF OUR SOIL !! Defund the u.n. Close all mosques, as they are simply following the blueprint of the commies… working their way into the American fabric, until like a moth-eaten fabric, we will no longer be America.

    Report Post »  
    • JoeBtfsplk
      Posted on July 14, 2011 at 11:07pm

      I agree Chuck!
      How true everything you said is.

      Report Post »  
    • JoeBtfsplk
      Posted on July 14, 2011 at 11:11pm

      Couldn’t agree with you more Chuck!!!

      Report Post »  
    • webjockey
      Posted on July 15, 2011 at 2:56am

      I’d have never guessed that they controlled the credit rating agencies. Is there anything left that they don’t control?

      Report Post » webjockey  
    • saranda
      Posted on July 15, 2011 at 11:38am

      @webjockey – you would never have guessed it because it isn’t true. Chuck is talking without having done his homework. Do yours and get off the conspiracy train.

      Report Post »  
  • 13th Imam
    Posted on July 14, 2011 at 10:44pm

    Gee, I wish I could get S & P to do my credit rating. My wife and I could spend twice what we make, print some more income when the mood suited us, steal from everybody else’s children and grandchildren to pay our bills.
    Citizens work hard to prosper and build a good credit rating, and these puke thieves in DC steal, allow their wall st goombas to steal , and hide behind laws that they create themselves. Mostly F/N lawyers

    Report Post » 13th Imam  
  • the_ancient
    Posted on July 14, 2011 at 10:42pm

    I still dont understand why the debt ceiling == default

    There is more than enought money to pay the intrest payments…. When I dont make enough money to cover my bills, the House Payment is first, then my car, then down the line until I get to luxury’s like Cable TV, Nexflix, GBTV, etc…. You dont pay those bills FIRST and skip your house payment.

    Interest on the Debt should be Item 1, then Military Pay then SS and other mandatory items, Way down the list, Parks Dept, EPA, FDA< etc etc etc… if those things need to be furlowed for awhile, guess what, we will all live and be just fine.

    Report Post » the_ancient  
    • abbygirl1994
      Posted on July 14, 2011 at 10:51pm

      And giving any money to foreign countries. Why should we pay corrupt governments money that their people never see.

      Report Post » abbygirl1994  
  • mrknite
    Posted on July 14, 2011 at 10:38pm

    Maybe some people don’t realize that we are SCREWED!! Weather we raise the debt limit or not we are SCREWED!!

    Report Post » mrknite  
  • Richard Compton
    Posted on July 14, 2011 at 10:36pm

    Here we go and it’s going to be a bumpy ride for sure, you think you’ve heard political rheteric before, you haven’t heard anything until they start the blame game on why this is happening once the bond rating hits the skids. Our ecconomy will drop like a rock, interest rates will go even higher than under Jimmy,“ I was chased by a killer rabbit” Carter! (if you don‘t remember this look it up it’s harlarous) Just remember that it‘s Obama who hasn’t had a budget since 4/09! he had a Democratic Congress and Senate and never passed a budget, never even tried to get one, they just asked and got what ever he wanted cause they controlled all 3 branches of government until the election 10/10 then they still had control till 1/11 when the new congress, and Senate were sworn in. Now Bush did his share of damage for sure, but he increased the debt by 7 Trillion over 8 years, Obama has increased it by 3.7 Trillion in 2 1/2 years. Now you do the math and remember Obama wants to increase it today by 2.5 Trillion just for the remainder of the year which would match Bushes spending spree in 2 1/2 years plus we had more people working under Bush than now. So be honest with yourself can you really trust Obama to pay all the bills and not do any new spending if he get what he wants? Nah I don’t think so either, I say we cut him off right now, he get nothing other than what he cuts and takes in from revenue. if we give him more he has to match it dollar of dollar with cuts, and no new

    Report Post »  
    • Richard Compton
      Posted on July 14, 2011 at 10:39pm

      taxes!

      Report Post »  
    • chfields62
      Posted on July 15, 2011 at 12:59am

      Your numbers are a little skewed…Debt was $5 trillion when Bush took office and $10 trillion after he left 8 years later. Obama raised it to $14.3 in less than 2 1/2 years.

      No raising of the debt ceiling PERIOD!!! We have enough money coming in to pay Military, SS, Medicare, medicaid and needed government offices, everything else can be paid until the money is gone and those will be what gets cut…….Government needs to learn to live within its means just like the rest of us……If you max out your credit cards and then ask them to raise your limit, they will laugh in your face and say they will raise your limit when you can prove you can pay it back…….until then, you have to deal with what you have…..But that would be effective and efficient and thats against government policy…….

      Report Post »  
  • TRONINTHEMORNING
    Posted on July 14, 2011 at 10:35pm

    S&P is not the boss of me or America. Well said above that they should of lowered our rating a long time ago if they were legit. Paul Ryan on Greta was exceptional and simple a few minutes ago in his explanation of what needs to be done. Most Americans that are logical conservatives are able to understand and explain just as well. Progressives/Marxists/Socialists are simply destroyers whether on purpose or not. The poser, pouty prez lives to destroy this country and his minions follow him. He is without reason to be respected in any fashion and will be remembered in history as an obstacle American had to overcome. And we will in 2012.

    Report Post »  
  • joshbpool
    Posted on July 14, 2011 at 10:34pm

    the time has COME, Americans UNITE!

    Report Post » joshbpool  
  • momprayn
    Posted on July 14, 2011 at 10:30pm

    Well, this should cheer Obama & crew up…..since they’ve been a little grumpy lately….not getting their way fast enough. Might be in a better mood now….except…oh, I forgot —- the latest Gallup poll says that if Obama ran with “any” Repub, the Repubs. would win by 8% (via Drudge). Only thing is, that might confirm that they need to come up with something really big so they can declare martial law, etc. and not even have any elections….as if they ever had any doubts. Getting more desperate……….. Expect anything, folks – prepare for the worst, pray for the best.

    Report Post »  
    • Chet Hempstead
      Posted on July 14, 2011 at 10:36pm

      Yeah, “any” Republican except any Republican that’s actually running. As soon as you make the question more specific, the President comes out ahead.

      Report Post »  
    • 13th Imam
      Posted on July 14, 2011 at 10:46pm

      And the president is certainly a head

      Report Post » 13th Imam  
    • macpappy
      Posted on July 14, 2011 at 11:14pm

      When it comes time to vote Obama will go the way of Jimmy Carter, and it does not matter who runs against him. He has lost the white independent vote with all his redistribution of their wealth, he has lost the rest of the independents with his lies. He has lost the Jewish vote with his betrayal of Israel, he has lost the base liberal vote because of broken promises. But, he still has the black vote, the communist vote, the socialist vote, and the dumb a$$ vote.

      Report Post » macpappy  
    • EyeofthePatriot
      Posted on July 15, 2011 at 12:17am

      EXACTLY my thoughts too. The way the original alert from S&P is worded this is just teeming with bias and smells of Soros completely.

      Like a dirty damn fish left out in the sun… still flapping.

      Report Post » EyeofthePatriot  
  • endgamer
    Posted on July 14, 2011 at 10:30pm

    If we’ve Never defaulted on our debt in nearly 100 years and NOW we “might have a very remote possibility” we could maybe miss a payment and our credit rating is lowered? Obviously S&P has a lot to gain by lowering the credit rating. WhoTF are they anyway? Do we owe them? We’re not a second rate anything and never have been.. Maybe we should tell our creditors to F.O. and see what standard an poor’s says..

    Report Post » endgamer  
    • Grandmadar
      Posted on July 14, 2011 at 10:51pm

      What would Dave Ramsey Say? “The FICO score is just an ‘I love debt’ score!” If you plan to live within your means and not borrow it doesn’t matter what the FICO score is. So….if the U.S lived within its means (the revenue it takes in) we wouldn’t have to give a rip about S&P or Moody’s Credit Service!!!!

      Hear that Obama?

      Report Post »  
    • brokenwolf
      Posted on July 15, 2011 at 12:56am

      grandmadar…15 years ago ( when it was $300 an ounce ) dave ramsey told me buying gold was a bad idea…sooooo…i don’t listen to him anymore : )

      Report Post »  
  • TheCenturion
    Posted on July 14, 2011 at 10:29pm

    Well, if they downgrade our credit that SHOULD mean that we can’t borrow any more money — that would be a good thing. BUT, on the other hand, a downgrade would push interest rates higher causing a chain reaction sparking inflation, a weaker dollar, and quite possibly a market crash.

    A market crash could be good, because then wallstreet would be mad at communist in chief, and refuse to fund his re-election bid.

    Of course IF Obama CHOOSES to withhold grandma’s S.S. check it’s going to blow up in his face.

    So, what should we wish for, other than getting rid of ALL progressives/liberals/socialists/communists?

    Report Post »  
    • CatB
      Posted on July 14, 2011 at 11:00pm

      So, what should we wish for, other than getting rid of ALL progressives/liberals/socialists/communists?

      I vote for that .. hopefully we can vote them out in 2012 … Call Obama’s Bluff .. he sure is stupid for calling it his “bluff”…. “Don’t call my bluff” Obama idiot!

      Report Post »  
  • chicago76
    Posted on July 14, 2011 at 10:25pm

    So we should go a trillion dollars more in debt so we don’t pay a billions dollars more in interest. Does any of this make sense?

    Report Post »  
    • Dodsfall
      Posted on July 14, 2011 at 10:44pm

      It makes no sense at all. Is borrowing more money the logical way to get out of debt. We are living in upside-down land.

      Report Post » Dodsfall  
  • hauschild
    Posted on July 14, 2011 at 10:24pm

    It’s amazing how many progressives are positions of power today.

    The scare tactics continue and they’ll work again.

    How STUPID can grown people be???

    Report Post »  
  • Archstone
    Posted on July 14, 2011 at 10:19pm

    I gotta hand it to Obama, he certainly has met all of my expectations. NEXT!

    Report Post »  
  • cheezwhiz
    Posted on July 14, 2011 at 10:18pm

    Ooooooh I’m sooooooo scared, S&P has threatened the US government, lets just cave in to the islamomarxist and spen and tax and then tax and spend some more, till we implode

    Report Post » cheezwhiz  
  • ProgressivesAreEvil
    Posted on July 14, 2011 at 10:16pm

    Hey S&P idiots, how’s about you lower the debt rating if the Ceiling IS raised without a plan to reduce spending? If you are so worried about defaults shouldn’t you be more concerned that the liberal idiots still want to spend when they are hard pressed to obtain (should I say steal more money from taxpayers?) more tax money for the continuous cycle of spending?

    Report Post » ProgressivesAreEvil  
    • jb.kibs
      Posted on July 14, 2011 at 10:24pm

      exactly

      Report Post »  
    • Dodsfall
      Posted on July 14, 2011 at 10:50pm

      They simply plan to raise taxes on “the rich”.

      7th grade economics tells us that corporations and businesses do not actually pay taxes. Their customers do. Raising taxes on the oil companies will be directly paid by the working stiff at the pump. Raising taxes on natural gas companies will be directly paid by the poor folks trying to keep warm next winter. Raising taxes on corporate jet manufacturers or other luxury items will cause less sales and layoffs of the working folks who depend on prices being low enough to cause demand for the products.

      Report Post » Dodsfall  
  • Ironmaan
    Posted on July 14, 2011 at 10:11pm

    If Standard and Poors had any real credibility they would have lowered the rating along time ago. Just because the US hasn’t defaulted outright, doesn‘t mean it hasn’t debased the currency. Bond holders are still getting stung badly as the dollars they are getting back aren’t gonna buy as much as they thought.
    http://guerillatics.com

    Report Post »  
  • eat-more-bacon-USA
    Posted on July 14, 2011 at 10:11pm

    Obama is America’s greatest enemy.

    Report Post » eat-more-bacon-USA  
  • banjarmon
    Posted on July 14, 2011 at 10:09pm

    Thanks BO…your miss management has brough this on!!

    Report Post » banjarmon  
  • Snowleopard {gallery of cat folks}
    Posted on July 14, 2011 at 10:08pm

    Well Mr Obama has wanted to collapse the economy and fundamentally transform the nation; he now is within a matter of days in completing that given task. He then just needs to declare that there is now a national emergency of some kind and use it for the final grab for power on his part.

    Be ready, for barring a miracle from the Almighty, all hades is ready to come loose and turn upon us with much fury as not seen for ages. http://artinphoenix.com/galllery/grimm

    Report Post » Snowleopard {gallery of cat folks}  
    • cheezwhiz
      Posted on July 14, 2011 at 10:25pm

      Remember how the media went beserk , throwing everything they could at us just to get TARP passed?
      It was as if the sky was falling and everything had be done now now now …don’t ask questions just do it…
      Looks like the same media crapola building up.
      It has to be done now now now, don’t ask how or why…just do it, now now now .

      Report Post » cheezwhiz  
    • Dodsfall
      Posted on July 14, 2011 at 10:56pm

      It’s not like this problem is brand new.

      Like the health care debacle and stimulus (porkulus) packages, any “solution” will be railroaded in at the last second. Just in the nick of time. Too late to change things now! It‘s almost like it is always planned that way isn’t it?

      Report Post » Dodsfall  
  • djmaine
    Posted on July 14, 2011 at 10:06pm

    Hold the Line.

    Report Post »  
  • Tear Em Up
    Posted on July 14, 2011 at 10:06pm

    Hear that sucking sound?? It’s the drain..and we’re circling, and we’re circling, and we’re circling…

    http://traffic.libsyn.com/mikeleeandterrymartin/Number_72_July_9th_2011.mp3

    Report Post » Tear Em Up  
    • G man
      Posted on July 14, 2011 at 10:27pm

      Our only hope is that the turd is too large to flush.

      Report Post » G man  
    • Dodsfall
      Posted on July 14, 2011 at 10:57pm

      No worries there. They enlarged the sewer pipe to industrial size for Obamacare.

      Report Post » Dodsfall  
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