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U.S. credit rating not worth saving, Ron Paul says

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MrScorpio Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 12:16 AM
Original message
U.S. credit rating not worth saving, Ron Paul says
By JENNIFER EPSTEIN | 7/14/11 10:32 AM EDT

The United States’s top credit rating is “probably not” worth saving, Rep. Ron Paul (R-Texas) said Thursday, less than a day after a major rating agency indicated it was considering a downgrade as the country hurtles toward the August 2 deadline without a deal to raise the debt ceiling.

Paul, who earlier this week announced that he won’t run for reelection to Congress so that he can focus on his campaign for the Republican presidential nomination, suggested in an interview on Bloomberg TV that he doesn’t see much value in the ratings of Moody’s and the two other major bond raters.

“I think if you had a market evaluation on this issue, it should have marked down a long time ago,” he said.

A downgraded credit rating would only amplify what is already clear to him - that the U.S. government is “insolvent,” Paul said.



Read more: http://www.politico.com/news/stories/0711/58974.html#ixzz1S9EcdbD6



Republicans try to get elected on a platform that says, "Government doesn't work", and if they make into office, do everything within their power to make sure that it never does.
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checks-n-balances Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 12:20 AM
Response to Original message
1. Agenda much, Rep. Paul?
Irresponsible a**hole.
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MilesColtrane Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 12:21 AM
Response to Original message
2. Ron Paul is a racist greedhead and an asswipe.
I wouldn't piss on him if he was on fire.
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DeadEyeDyck Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 01:15 AM
Response to Reply #2
6. I think he supported Cynthia McKinney in 08
Paul is a complicated one
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MrDiaz Donating Member (365 posts) Send PM | Profile | Ignore Fri Jul-15-11 05:22 AM
Response to Reply #6
7. Ron Paul, is
A very strict CONSTITUTIONALIST, if the Constitution does not specifically give the government certain powers, then he will vote no and publicly tell you why.
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MrScorpio Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 05:31 AM
Response to Reply #7
8. Whatever he calls himself, he's still an irresponsible asshole
The WORLD is a lot more complicated than that fantasyland inside of his pointy little head.
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MrDiaz Donating Member (365 posts) Send PM | Profile | Ignore Fri Jul-15-11 05:36 AM
Response to Reply #8
9. LOL yea
I know, I was just saying.
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FarLeftFist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 12:23 AM
Response to Original message
3. Guy lost his damn mind.
It's hilarious that Govt employees would ever rail against Govt and entitlements. Pssst, hey Ron, you ARE the Govt and you get the biggest entitlements of all. You are 80 years old and have made a career living off of taxpayer dollars. You have enjoyed "the best healthcare in the world" because of our money. You live in a gated community and send your children through college with OUR money. Get over yourself.
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moondust Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 12:31 AM
Response to Original message
4. Still crazy after all these years.
:crazy:
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-15-11 12:36 AM
Response to Original message
5. Well, that old racist has a load of opinions, now, doesn't he?
Tiresome old coot...and I'm no spring chicken myself.
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The Big Vetolski Donating Member (436 posts) Send PM | Profile | Ignore Fri Jul-15-11 11:05 AM
Response to Original message
10. The government is insolvent, eh, Congresscritter Paul? Well, I know
one surefire way to help fix that: RAISE YOUR TAXES! Pay up or shut up and get the hell out of my country, please!
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