World-News

Antiwar.com Antiwar.com
by Justin Raimondo

07/15/11

For months, the pundits and Washington think-tank know-it-alls have been in a tizzy: who do these unwashed peasants think they are? But of course we?ve got to raise the debt ceiling -- after all, what about the 'full faith and credit' of the United States? Don?t these denizens of flyover country realize they don?t have a choice in the matter? And now, with unmistakable finality, Wall Street has spoken in the form of Moody?s and S&P, the bonds rating agencies, which are threatening to downgrade US bonds if Congress fails to raise the limit. This should give the ordinary American a clue as to what is at stake here, and who is on what side: it?s the Washington insiders and Wall Street versus the people of the United States -- and the stakes are the fate of the nation...

http://tinyurl.com/62yc587


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreign+policy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
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