The Gig Is Up ?

By Renee

One Dollar Bill depicting an alarmed President George Washington

The gig is up. Sell offs in European countries reported.

S & P reports US debt has been downgraded from stable to poor.

http://www.bbc.co.uk/news/business-13118834

From BBC link above:

The US has been warned that the credit rating on its government debt could be cut by Standard & Poor’s.

S&P is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.

It has downgraded its outlook from stable to negative, increasing the likelihood that the rating could be cut within the next two years.

The US Treasury responded that S&P had underestimated its ability to tackle the national debt.

“Because the US has, relative to its ‘AAA’ [top-rated] peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable,” the agency said in a statement.

The surprise move sent US and European shares lower. The S&P 500 fell the most in a month, and the US dollar dropped against the euro and Swiss franc. Oil was also sharply lower.

In Europe, the main UK, German and French indexes all fell by at least 2%.

The US federal deficit currently stands at $1.4tn (£858bn) and is expected to reach $1.5tn in the current fiscal year.

Snip~

Well, here we are. Is it time to get serious and cut our budget now ? In the RIGHT places ?

Unions Plan to Destroy Our Economy in May! (Updated)

Posted by WTPOTUS

CAUGHT ON TAPE:

Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America

A former official of one of the country’s most-powerful unions, SEIU, is detailing a secret plan to “destabilize” the country.

Specifically, the plan seeks to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Steven Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtely sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.