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Politics : President Barack Obama
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To: Neil H who wrote (99113)8/7/2011 12:05:50 PM
From: tejek  Read Replies (2) of 149317
 
Debt at 62% of GDP or less is considered acceptable by the credit ratings. The US is currently at 74% and is expected to be 79% by the end of the year. Greece, Italy et al are well over 110%. The concern is not that the US deficit is out of control but rather that it could be if not addressed.

Therefore, your constant concern over the debt is overstated. Your lack of concern over what the rich are contributing to our country is understated. Therein lies the problem and why your posts are not well received on this thread. In fact, your position very much follows the GOP meme which is getting cited by the S&P as one of the prime causes for the US ratings downgrade.

At what point do you all admit you have it wrong?
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