Posts Tagged ‘Angela Merkel’
By Guest Blogger Maria Broschi
Standard & Poor has downgraded our country’s credit rating to below that of what was once a fantastic AAA, the lowest credit rating since 1917. Add to that a national deficit of $14, 599,087,801,606.52 (yes, you read that correctly–and the debt is still growing) and a U.S. joblessness rate of 9.2 %, translatable to approximately 14,101,000 unemployed persons, and you have a recipe for disaster.
Consider the impact fiscal irresponsibility has on a nation whose government continues to engage in mismanaged, out-of-control spending and a refusal to invest in infrastructure and continued engagement of a non-balanced, bi-partisan leadership. No doubt I’m preaching to the American People’s choir at this point. And the choir is disgusted.