Ludwig

So the Government really has you by the short and curlys over there..You can still purchase property in other countries can't you and vacation there can't you? I was born in Quebec,,Moved to Ontario to get away from the French, You thought Parisians are arrogant you should see Quebecers. Canada did do better only because of our Banking system and we're a commodity based economy and they bounced back quickly. We also had a Minority Conservative Government which tried to keep spending down.This time we've got a Conservative Majority Government that won't spend again like last time..U.S is screwed because Obama borrowed trillions of dollars to EXPAND GOVERNMENT and this new larger government is an ongoing cost.They also use BASELINE BUDGETING which means last years budget is the base for next..they add 4% or so as an automatic cost of living increase. So if last years budget was 6 trillion this years will automatically be 6 trillion 240 billion..So this whole debt ceiling crisis was not about cutting actual money from last years 6 trillion, it's about cutting from the 240 billion in increased spending..It's like your boss saying your only getting a 5 % raise instead of a 6% raise.. U.S will still add 8 trillion to the debt over the next 10 years.This is why the rating was dropped.