Fitch Ratings warned again that the United States’ rising debt burden threatened the country’s top AAA credit rating.
Barack Obama went shopping for dance videos.

Mover and shaker: Obama picks up Just Dance 3 at Best Buy for his daughters Malia and Sasha but said they ‘beat him every time’. (Daily Mail)

Reuters reported:

Fitch Ratings on Wednesday warned again that the United States’ rising debt burden was not consistent with maintaining the country’s top AAA credit rating, but said there would likely be no decision on whether to cut the rating before 2013.

Last month, Fitch changed its U.S. credit rating outlook to negative from stable, citing the failure of a special congressional committee to agree on at least $1.2 trillion in deficit-reduction measures.

“Federal debt will rise in the absence of expenditure and tax reforms that would address the challenges of rising health and social security spending as the population ages,” Fitch said in a statement.

“The high and rising federal and general government debt burden is not consistent with the U.S. retaining its ‘AAA’ status despite its other fundamental sovereign credit strengths,” the ratings agency said.

In a new fiscal projection, Fitch said at least $3.5 trillion of additional deficit reduction measures will be required to stabilize the federal debt held by the public at around 90 percent of gross domestic product in the latter half of the current decade.

 

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  1. #1 December 21, 2011 at 9:13 pm

    Patty commented:

    S & P rating AA, Fitch is AAA? Better than I thought, but no matter how poor things get soon Obama will part the waters and the seas will open and the world will all be better, just in time for the 2012 elections.

    Isn’t that special.

  2. #2 December 21, 2011 at 9:15 pm

    Bustr commented:

    OMG so square. That’s not a dance video, it’s a game.

  3. #3 December 21, 2011 at 9:19 pm

    Matt commented:

    Your fascination with the President going Christmas shopping for your kids only goes to prove that you are a partisan a-hole.

  4. #4 December 21, 2011 at 9:26 pm

    LZM5 commented:

    Is this part of your recycling program? One “Obama goes shopping” story wasn’t enough for today? The guy went 6 miles from the white house to buy a $40.00 video game.

    Are you serious?

  5. #5 December 21, 2011 at 9:32 pm

    tommy mc donnell commented:

    obama doesn’t care if the rating gets downgraded. its what he wants, to destroy the country. it’s his job as a marxist.

  6. #6 December 21, 2011 at 9:32 pm

    Patty commented:

    Personally, I don’t care what he does at this point. He has made a real mess of things. And shop he must, so do those who have money to shop. But these vacations are very expensive.

    Those who have nothing I can only pray that the Americans will give and come through for those in their community as they do every year.

    They don’t type away wondering why Obama is shopping, they are interested in food and shelter for their families.

    I suppose after election Obama will still have a last Christmas in the White House, hope so, so we won’t have to see his face so much and wonder what color his pants are today or where he is shopping. God Help Us, we can do so much better.

  7. #7 December 21, 2011 at 9:37 pm

    Patty commented:

    Thomas Sowell: I’ll Take Gingrich over Romney

    http://www.newsmax.com/InsideCover/sowell-romney-gingrich-obama/2011/12/21/id/421814

    Great Article.

  8. #8 December 21, 2011 at 9:38 pm

    Patty commented:

    #7

    OT sorry

  10. #10 December 21, 2011 at 9:41 pm

    Patty commented:

    OT

    Video: Ron Paul bails out of interview with CNN after being pressed on racist newsletters

    http://hotair.com/archives/2011/12/21/video-ron-paul-bails-out-of-interview-with-cnn-after-being-pressed-on-racist-newsletters/

  11. #11 December 21, 2011 at 9:42 pm

    Patty commented:

    OT

    Obama’s Media Flying Monkeys Get Their Marching Orders, Gear Up To Do Battle

    http://news.investors.com/Article/595569/201112211859/media-bias-rears-its-pro-obama-head-once-again.htm

  12. #12 December 21, 2011 at 9:53 pm

    atticcellar commented:

    Globalist banker owned New York Times announces Ron Paul will be the run away winner in Iowa caucasus.. Go Ron!!

  13. #13 December 21, 2011 at 9:54 pm

    sablegsd commented:

    We have seen president downgrade dance. He ain’t got no rhythm.

    He has zero athletic ability, to go along with his zero brain power and zero personality.

  14. #15 December 21, 2011 at 10:24 pm

    gus commented:

    Mattard. Who buys Opie the Dimwits CIGARETTES for him??

    Hahahahahahahahahahahahhaa!

    Tell us Mattard.

  15. #16 December 21, 2011 at 10:47 pm

    Kurt commented:

    That picture is ridiculous. Has he ever looked more like Urkel?

  16. #17 December 21, 2011 at 11:39 pm

    donh commented:

    Obama does the SSION ” CLOWN ” dance when he sneaks out at midnight to party at Chuck Renslow’s gay leatherman bars in Chicago…>> http://youtu.be/lW_tXgGrVu0

  17. #19 December 22, 2011 at 4:54 am

    hermie commented:

    He goes to buy a $40 game and how much did it cost the taxpayers for him, his Secret Service detail, his entourage and other hangers-on to go that 6 miles?

    Psst…oh great and wise POTUS. The One who is supposedly is on top of the latest technology…. Amazon, Best Buy…you can purchase the game on-line and save the taxpayers thousands of dollars.

  18. #20 December 22, 2011 at 7:43 am

    bg commented:

    ++

    thanks Patty..

    ==

  19. #22 December 22, 2011 at 8:25 am

    bg commented:

    ++

    OT..

    Mark Steyn: Bailing Out The Titanic With A Thimble

    & not verbatim, and forget who said it, but
    one thing for sure i’m certain you’ll get it..

    the US is borrowing money from China to pay US financial aid to China..

    ==

  20. #23 December 22, 2011 at 9:09 am

    havok commented:

    That Picture is Begging for a Photoshop. What could replace the Video in the hand??

  21. #24 December 22, 2011 at 10:20 am

    therese commented:

    Is it just me or does Obummer almost always look like he has just Inhaled some cannabis ???

  22. #26 December 24, 2011 at 9:27 am

    cat steen commented:

    Seriously, he stays behind to photo op? did he call one congressperson? make one visit to capitol hill? if he is just going to vilify house republicans in the press, christmas shop and get takeout, can’t he just do that from HI and take 2 or 3 less planes?

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