Now is the time at SDA when we juxtapose!
CBS News, August 2011 – Credit rating agency Standard & Poor’s says it has downgraded the United States’ credit rating for the first time in the history of the ratings. […] The credit agency said late Friday that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country’s debt situation and that the policymaking is not stable or effective as needed to address the current economic challenge.
Globe Investor, May 2011 – The province joined an elite club of provinces on Tuesday when Standard & Poor’s upgraded its debt rating to triple-A […] Rather than quickly spending its newly-earned wealth, the provincial government has put its tax revenue toward paying the bills. S&P gave special credit to Saskatchewan for its “low-and-declining debt burden.”
(Related: Is that what you’d call a Tea Gopher upgrade?)
And you suspend the gophers in boiling water for how long to make tea out of them? Or is that poaching gophers?
Things are pretty good here, lots of new growth and easy to find work. Hope the NDP are watching. After grinding this province into the dirt for so many years with their “progressive” policies, we are just now recovering.
Obama will just print and borrow and spend more to prop up the down grade.
Obamanomics = We will not be happy until the wealthy are as poor as you.
Hm, must be the difference in governing styles.
Obama says it’ll just take more time for his “change” to kick in,I hope the Americans aren’t fooled by his rhetoric or by 2016,their S&P rating will be the same as Obama’s home Country.
Good to see Saskatchewan booming after all that Dipper Time. You have the resources,and a government that has the sense to use ’em.
Here in B.C.,we have the awful reality of an NDP government looming,hope the voters here have long memories or we’ll be re-rated by S&P to Obama’s level fairly soon.
@ proud western canadian – I hope for our and the rest of the world’s sake that the clowns in the beltway and the clown in the EU are watching. I also hope they are looking at our recent history “From the precipice of bankruptcy to the triple A rating.”
if canada had another 30 million people and were still persuing current policies we would be bankrupt. it is our small population relative to our natural wealth that allows us the socialism we currently live under. even so we have a serious amount of debt in this country.
“Standard & Poor’s says it has downgraded the United States’ credit rating for the first time in the history” Chickens coming home to roost.
Just got home from a stint in SK. Things are certainly rolling along. Good luck keeping it rolling. You still have a frightening political element pacing like jackals, on the fringes.
The present attempt by the left to blame the Tea Party people for our budget troubles reminds me of the lefties in California. Their state is dead broke due to giving healthcare to illegals, having 30% of the country’s welfare cases, and financing massive government meddling in their economy. Instead of admitting they need to cut back, they blame the old Proposition 13 initiative that prevents them from taxing property owners to death for the shortfall. There is no arguing with people this dense, so I just ignore them.
The MSM and Democrats jump on the blame wagon totally ignoring this from S&P’s downgrade “the policymaking is not stable or effective as needed to address the current economic challenge.”
Just like Amilya Antonetti says “There is no leadership!!!”
Come on my American friends, FIRE. THEM. ALL.
The socialists are just users. Its negative growth all the way baby with these monetary vacuums . All for the love of Entitlements with its perks.For the so called poor. For anyone but a born Canadian. They lay the land waste to feed their own endless opiates of greed they need ny using other peoples money in their power addiction.
Saskatchewan has proved that, as has every province that has got rid of these political rats.
JMO
thank goodness fer the tea party, Bush finally gets a rest!!
Obama’s advisors or TZARS have no experience outside of “Community activism” ergo they just keep telling him Bo print more money man. They have no clue that the mmore money Bo prints the lower the value of the dollar goes and in the end the US dollar will be a worthless junk bond.
The official line now – Biden, the NYT, some blog I was reading where the “Christian” host was comparing the Tea Party to The Joker – “some men just want to see the world burn” – this is the line.
The Tea Party wants to cut spending, and they’re terrorists!?
I never hated the left before; to do so seemed overly earnest, and anyway I do know some lefties I like. But overall, the real left is evil. I believe that now.
“Romer said, “The basic idea that if you increase government spending or you cut people’s taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It’s in every economics textbook, that’s what we teach our undergraduates, and I certainly try to teach them the truth.
“It is a very known and accepted idea and fact and the empirical evidence is definitely there, and people just want to say the sky is green.”
Again with the “widely accepted” bullshit.Do these allegedly well-educated people ever think about what they say,”it must be right because everybody says so”?
You may teach,Ms.Romer,but you sure as hell DON’T teach critical thinking.
Why should Obama worry? It’s not HIS money he is wasting.
Obama had George Bush, Brad Wall had Roy Romanow.
Critical Thinking! Where is that taught today? Can you get Adult Credit:-)
Obama inherited a AAA credit rating from George Bush.
Brad Wall has brought prosperity.
Any more brilliant observations, Phil?
O’great leader.
http://i.crackedcdn.com/phpimages/photoshop/7/7/3/72773_v1.jpg
“We face recession without shock absorbers as Berlin loses patience with the eurozone”
“The Telegraph ^ | 8/7/2011 | Ambrose Evans-Pritchard”
“The Great Reprieve is exhausted. The world has used up the three years’ grace gained by extreme stimulus after the debt bubble burst in 2008.
This time we face the risk of double-dip recession without shock absorbers. Interest rates are already at or near zero in much of the OECD club. Fiscal deficits are stretched to the limits of safety.
Far from loosening, the US is on track to tighten by 2pc of GDP next year, and Europe by 1pc to 2pc, into the slowdown.
China has already pushed credit to 200pc of GDP. It cannot repeat the trick.
The Anglo-Saxons can print more money, but the gains in asset prices for the rich are offset by losses from fuel and food inflation for the poor. This is a destructive trade-off.”
http://www.freerepublic.com/focus/f-news/2760132/posts
George Bush was a better President than Obama by any metric.
Jimmy Carter was a better President than Obama by any metric.
Obama takes no credit for the current fiasco, it’s all Bushes Fault.
Obama = Keynesian Economics = Marxist Doctrine.
The MSM will give Brad Wall no credit, i suspect the credit upgrade will go unreported in the MSM.
Hey Kate, why does Glenn call you a Canadian Reader, and not provide you a back link?
CNN was blaming the tea party this morning for the downgrade. Serious.
Nobody likes a show off, young lady.