Debt warning rocks US economy

Ratings agency Standard & Poor’s has cut the outlook on US sovereign debt to “negative”, raising doubts about Washington’s ability to tackle its huge debt and fiscal deficits. The move, is the first time S&P has ever placed such a warning on the US’s gold-standard AAA rating. Read full story HERE. Treasury Secretary Timothy Geithner said on Sunday, April 17, 2011 “I want to make it perfectly clear that Congress will raise the debt ceiling.” Read more HERE.

END TIMES TRUTH

The United States plan to raise its debt ceiling that will further inflate its dollar by devaluation will be yet another of Satan’s ploys to try and keep his child alive. But, the USA will not thrive nor survive from making this move. Presently the E.U. is raising its head to become further involved in Libya. As it continues to move forward with strides, the USA will fall farther into oblivion.

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  1. #1 by Jumptown Inflatibles on May 19, 2012 - 12:11 AM

    Raising the amount of debt we can go into definitely isn’t going to help us get out of debt any faster it’s not solving anything it’s just making the problem worse

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