By Patrick J. BuchananThe decision by Standard & Poor's to strip the United States of its AAA credit rating, for the first time, has triggered a barrage of catcalls against the umpire from the press box and Obamaites.S&P, we are reminded, was giving A ratings to banks like Lehman Brothers, whose books were stuffed with suspect subprime paper, right up to the day Lehman Brothers fell over Continue reading...
Who’s Really Downgrading America?
Monday - August 8, 2011 at 11:44 pm
Filed Under: Columns Tagged With: AAA, Alan Greenspan, Banks, Barack Obama, Ben Bernanke, Debt, Default, Deficit, Dollar, Federal Reserve, GOP, Rand Paul, Republicans, Ron Paul, Taxes, Tea Party, United States
Is a U.S. Default Inevitable?
Tuesday - July 5, 2011 at 12:39 am
By Patrick J. BuchananAs President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion.Lindsey had committed candor, and the stunned Bushites came down on him with both feet."Baloney," said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels Continue reading...
!
