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BigAl
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« on: August 05, 2011, 08:52:41 PM » |
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The USA has now been relegated to AA+, down from AAA. A credit rating the USA has enjoyed since 1917. WOW what a ride. Around the Bowl and down the Hole. I hope everyone likes soup and queing up. Because it will be free and wow free is good. 15% of Americans are on Food Stamps, according to the Agricultural Dept. Check it out, these are not my figures. But wait the BIG fun will be Monday when the Markets Open. Don't think I will watch the news or read the papers. I'll just go ride my Valkyrie one more time, before I have to sell everything to eat. Not really, but some are already having to do just that. What a ride.  |
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« Last Edit: August 05, 2011, 08:59:53 PM by BigAl »
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BigAl
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« Reply #1 on: August 05, 2011, 08:59:04 PM » |
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Moody's Rates Businesses and Corporations.
Fitch Rates States and Large Cities.
Standard and Poores rates,,,,,,,,,,,get this,,,,,,, Countries.
S&P told them, 4 trillion or down you go.
Our Government did not even get close.
SO down she goes.
Ride to Live, Vote to Live
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old2soon
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« Reply #2 on: August 05, 2011, 09:11:08 PM » |
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Simple-ain't it. The elected a$$holes thought the money coming in was from a bottomless pit. And they spent it that way. Deficit spending. Raising the debt ceiling. Helping countries that won't help them selves. Cash for clunkers. $500 hammers. Voting them selves raises. Did you or i have ANY say in how they pissed away OUR money??? You know the answer to that one.    Ah h-ll RIDE SAFE. |
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Today is the tommorow you worried about yesterday. If at first you don't succeed screw it-save it for nite check. 1964 1968 U S Navy. Two cruises off Nam.
VRCCDS0240 2012 GL1800 Gold Wing Motor Trike conversion
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bigvalkriefan
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Posts: 407
On the green monster
South Florida
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« Reply #3 on: August 06, 2011, 07:04:09 AM » |
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Hopefully the spit won't hit the fan come Monday. Since there has been rumors of this possibly coming for awhile the market SHOULD not go crazy right now.  But get ready because long term outlook is dismal at best.  Be prepared, cash is king, gold works too, silvers not bad either.  |
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.....say to those with fearful hearts, "Be strong, do not fear; your God will come, he will come with vengeance; with divine retribution he will come to save you."
Isaiah 35:4
I know who wins in the end.
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Master Blaster
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« Reply #4 on: August 06, 2011, 08:21:49 AM » |
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Who says POTUS is ineffective and cant lead. He has led us right where he wants us. Another step towards Haiti. Lets face it Baby Doc had a good run, and Hussien covets POTUS for life, or better yet one world gvt. with him leading. Cant get there if US is a super power.
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"Nothing screams bad craftsmanship like wrinkles in your duct tape."
Gun controll is not about guns, its about CONTROLL.
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bassin
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« Reply #5 on: August 06, 2011, 12:19:43 PM » |
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Its a sad day when the worlds greatest nation needs credit to start with. But when you GIVE away more then you make what do they expect. SS did not get a cost of living raise but you can bet your A** Congress got theirs and never thought a second about it. God help us all we're going to need it.
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Brad
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« Reply #6 on: August 06, 2011, 12:55:33 PM » |
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I don't see any way that our country will be able to pay back the over 17 trillion dollars that we have borrowed. The best that congress could come up with is paying down the debt by 2 trillion dollars over 10 years. We will be allright but millions of yet unborn Americans are screwed!!! I don't know how our government thinks that it is OK to borrow 40 cents of every dollar they spend. |
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RoadKill
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« Reply #7 on: August 06, 2011, 01:00:22 PM » |
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Where are we going and why are we in this handbasket ?
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Serk
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« Reply #8 on: August 06, 2011, 01:17:23 PM » |
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All we need now is some crazy guy in a toga played a fiddle in front of a burning building...
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Never ask a geek 'Why?',just nod your head and slowly back away...  IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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BigAl
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« Reply #9 on: August 06, 2011, 05:35:28 PM » |
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Everyone be calm, hang on to your stocks.
I already sold mine and I am headed for the door.
So just be calm.
The Fat Lady is about to sing on this ole boy.
She is tuning up in the wings right now.
Tar and Feathers is a thought.
Wait that ain't fair to the chickens and we will need them for eggs after all this.
Just tar then.
Oh that guy in Congress got in trouble for saying tar baby.
A feller just can't win with this hand we have been dealt.
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musclehead
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« Reply #10 on: August 06, 2011, 06:55:54 PM » |
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'in the tunnels uptown, the Rats own dream guns him down. the shots echo down them hallways in the night' - the Boss
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MP
Member
Posts: 5532
1997 Std Valkyrie and 2001 red/blk I/S w/sidecar
North Dakota
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« Reply #11 on: August 07, 2011, 04:55:11 AM » |
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I don't see any way that our country will be able to pay back the over 17 trillion dollars that we have borrowed. The best that congress could come up with is paying down the debt by 2 trillion dollars over 10 years. Right here is the problem. People believe we actually CUT some spending. We did NOT! We are projected to spend 10-12 Trillion MORE than we take in over the next ten years. IF all the cuts in this bill actually happen, which is doubtful, we will spend 8-10 Trillion MORE than we take in. So the national debt will only go to about 25 Trillion, instead of 27 Trillion, over the next ten years! Big whoooop! Only a reduction in the shortfall, by a tiny amount too. Yet, according to progressives, it will decimate all the programs, and dump granny over a cliff. I see no way out. If we took 100% of the money the top 10% earn, it would not make up the difference. 100%! 50% of Americans pay NO Federal Income Tax. Dems talk about fairness, what is FAIR about 1/2 of the population paying NO taxes? I do not think they should pay much, but if you have NO skin in the game, you only take. MP |
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 "Ridin' with Cycho" |
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