The Ludwig von Mises Institute

Advancing the Scholarship of Liberty in the Tradition of the Austrian School

Source link: http://archive.mises.org/18788/u-s-to-face-another-downgrade/

October 23, 2011 by Jeffrey Tucker

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Kevin L October 24, 2011 at 6:43 am: “Fitch says a “negative rating action,” which could be only an outlook revision, could result from a weaker-than-expected economic recovery or by failure by the bipartisan committee to reach agreement on at least $1.2 billion in deficit-reduction measures.”

I hope that “billion” was a typo. If not, Fitch is really going easy on Congress.
Joseph Ruda October 24, 2011 at 1:28 pm: Howdy, The solution by the committee would be very easy if they had the best interest of the country, its citizens and the Dollar at heart. Those honest congressmen would only have to state if we don’t cut a Trillion dollars now from the current budget for 2011 and convert to the gold standard the country can expect to have the currency downgraded again. The stealing, fraud, and conterfeting by printing money out of thin air must stop. The people holding dollars are being stolen from. The dollar has decreased 80% since Nixon delinked the dollar to gold back in August 1971. These Marcist policies must be recognized as such and stopped. Those who love Marcism can leave the US and return to other countries who already have that form of government.

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