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**Gedominew** · 10-08-2011, 08:20 PM

I think the Philadelphia Inquirer's editorial opinion today summed up that situation quite well, including the unnecessary damage (self-fulfilling in a way) it is inflicting based on its math and predictions credibility problems and propriety of considerations problems with the assessment.

Inquirer Editorial: Credit-rating drop unnecessary | Philadelphia Inquirer | 08/09/2011

There was not, and is not, any risk that the United States won't pay its bonded debts as promised. Even if Congress hadn't raised the debt ceiling, the government would have paid what it owes to investors

How? How when you look at 10 year bonds and the fact we will be be over 30 trillion in debt by the based on current spending. How do you and the phidelphia inquirer think we will be able to meet all the obligations?

The only way to pay the debt then will be with 70% income tax rates on everyone and cutting entitlememnt programs in half.

10-08-2011, 08:20 PM	#27
Gedominew Join Date Nov 2005 Posts 519 Senior Member	I think the Philadelphia Inquirer's editorial opinion today summed up that situation quite well, including the unnecessary damage (self-fulfilling in a way) it is inflicting based on its math and predictions credibility problems and propriety of considerations problems with the assessment. Inquirer Editorial: Credit-rating drop unnecessary \| Philadelphia Inquirer \| 08/09/2011 There was not, and is not, any risk that the United States won't pay its bonded debts as promised. Even if Congress hadn't raised the debt ceiling, the government would have paid what it owes to investors How? How when you look at 10 year bonds and the fact we will be be over 30 trillion in debt by the based on current spending. How do you and the phidelphia inquirer think we will be able to meet all the obligations? The only way to pay the debt then will be with 70% income tax rates on everyone and cutting entitlememnt programs in half.
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