Warren Buffett Tells Congress To Raise Taxes On Wealthy – Source: ABC News

Warren Buffett, one of the richest men in the country, wants to pay more taxes and thinks his super-rich friends should too.

Buffett, who is estimated to be worth more than $47 billion, called on Congress to commit to "shared sacrifice" and raise taxes on people earning more than $1 million. Buffett said the rich are "coddled" by Congress "as if we were spotted owls or some other endangered species." (Read more)

Between the Lines: The Standard and Poor’s Rating Downgrade and What It All Means –Source: eurweb

*Within a week of Congress passing its compromise debt-ceiling legislation, and a week after President Obama signed the legislation into to law, raising the debt ceiling a measly $2.4 trillion dollars, the Wall Street markets, and the global markets tied to it, have been in a constant downward trend. Nearly every economist predicted it. (Read more)

American Arrogance, Global Reality – Source: The Root

The irony in all this is that the trigger was a ratings agency whose reputation was in tatters after the housing market collapse. S&P (and the other agencies) failed to warn investors about the game of three-card monte the banks were playing by bundling bad mortgages and selling them as good deals. The Financial Times called the downgrade of U.S. debt "precipitate, wrong and dangerous." (Read more)

Debt Rating – A Triple Plus vs A Double Plus Don’t Sound That Bad To Me

A Triple Plus rating vs A Double Plus do not sound that bad to me however I don’t know what the significance is as it relates to the debt rating other than they saying they have a problem with the US paying their debt.

But in a sense to me just looking at it as a grading average I just can’t see what the fuss. Well I think I get it that it is all about President Barack Obama being a black man whom just happens to be all of our President whether we like it or not.

It appears some folks will sink the damn boat and don’t care who survives. But I believe all that they continue to do to attempt to discredit our President that they are showing just how ignant they are.

I hope to hear more about the significant difference in the rating. If someone has some information on it please share it with me.

I believe folks are misleading people and trying to scare the hell out of them when it ain’t a big deal in my opinion.

I am Curmilus Dancy II – The Professional Agitator.

“I have no permanent friends, no permanent enemies only permanent interest.”

Tea Partying Like It’s 1954–Source: truthout

The power of the Tea Partiers, who refused to raise the US government’s debt ceiling this past week despite the pleading of Republican pundits and the powerful, echoes the 1950s when Sen. Joe McCarthy, Fighting Joe, went after those who thought themselves his masters. (Read more)

See related:

Business Unusual – Source: brotherpeacemaker

Debt Limit