Prison Planet.com � An Economy Destroyed: The Enemy Is Washington � ~ BLOGGER.GUNNY.G.1984 ~ (BLOG & EMAIL)

Prison Planet.com � An Economy Destroyed: The Enemy Is Washington � ~ BLOGGER.GUNNY.G.1984 ~ (BLOG & EMAIL): "Prison Planet.com � An Economy Destroyed: The Enemy Is Washington

July 22, 2011 Gunny G


Recently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach a deficit reduction deal and debt ceiling increase. The downgrade threat is not credible, and neither is the default threat. Both are make-believe crises that are being hyped in order to force cutbacks in Medicare, Medicaid, and Social Security.

If the rating agencies downgraded Treasuries, the company executives would be arrested for the fraudulent ratings t"