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August 9, 2011
Senate Democrats Reviewing S&P Downgrade
Topics: Political News and commentariesWhen Democrats disagree with the message, their response is to shoot the messenger.
After all, why should they consider the fact that the country being $14.6 trillion in debt (over 96% of GDP) and having over $65 trillion in unfunded liabilities (an amount far greater than the economic output of the entire planet) had anything to do with S&P's downgrade!
Related video: Cato's Dan Mitchell - Debt, Entitlements, Downgrades, Unfunded Liabilities, and the Europeanization of America:
Posted by Richard at August 9, 2011 12:12 PM
Articles Related to Political News and commentaries:
- Senate Democrats Reviewing S&P Downgrade - Aug 09, 2011
