Friday, 22 April 2011

The Answer to why the S&P put the United States on Credit Watch this Week

I've been scratching my head all week, wondering why the S&P would stick its neck out and put the United States on Credit watch (since we all know the S&P is in the back pocket of the government). Bob Chapman of the economic forecaster seems to have an answer.

It is all being done deliberately, so there will be an excuse to slash social security and medic care. Which everyone knows must be slashed. But is political suicide, without a valid excuse.