FW: LAR: S&P Fires Warning Shot Across the Bow of the Ship of State!

[George Thompson]

This for Marina but all may gain by looking at it and any of the other clips available.

Dr. ElExtremo1312

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Date: Tue, 19 Apr 2011 13:35:27 -0400
From: rob...@algnews.org
Subject: LAR: S&P Fires Warning Shot Across the Bow of the Ship of State!

April 19th, 2011   Sovereign Debt Downgrade Imminent, Time for Balanced Budget Now The only thing seemingly propping up the U.S. Treasury house of cards is the dollar's status as the world's reserve currency.   Video: S&P's Lower U.S. Rating and Our Corresponding Budget Issues Are The Focus Of 'The Week Ahead' ALG's Robert Romano speaks about what the Standard and Poor's lowering of the U.S. credit rating outlook means for us and for big government. Plus, Tennessee Representative Marsha Blackburn speaks with us on ways to contain big government.   Atlas Shrugged, Part 1 is a Must See! Ayn Rand's classic is brought to life.   The Real Issues in Wisconsin The real reason that unions bussed thousands of people to Madison to protest is because the legislation makes the unions directly accountable to their members.  Sovereign Debt Downgrade Imminent, Time for Balanced Budget Now By Bill Wilson   The U.S. cannot say it was not warned.  For years now, sovereign credit rating agencies have repeatedly told Congress to get its torrent of deficit spending under control, or else face a downgrade of its gold-plated Triple-A credit rating.    Alas, we did not listen.  Standard and Poor's (S&P) was the first agency in the West to fire its warning shot, downgrading its outlook on U.S. debt from "stable" to "negative." Their reasoning? "Because the U.S. has, relative to its 'AAA' 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," said S&P's statement.   Get full story here. S&P's Lower U.S. Rating and Our Corresponding Budget Issues Are The Focus Of 'The Week Ahead'   Video by Frank McCaffrey Get permalink here. Atlas Shrugged, Part 1 is a Must See!   By Adam Bitely   Atlas Shrugged, Part 1 opened in 300 theatres this past Friday. Fortunately, I had the chance to see it twice over the weekend — and I'm glad I did!   The movie opens with clips from futuristic newscasts in the year 2016. The clips show an America that is eerily similar to today. The stock market is tumbling, oil shipments from far-away lands are disrupted, and the economy and unemployment are out of control.   The characters from the book are brought to life in the movie in a way that I couldn't have imagined. You are introduced to Dagny Taggart, the protagonist of the movie. She is trying to save her family's railroad company from disaster as she handles the fallout from a train derailment on her company's most important rail line. Dagny is confronted with politicians and government-sponsored institutions that try to stymie her every move to bring the company back to life.   Get full story here. The Real Issues in Wisconsin By David Nace   On February 27, My Opinion, Penn Miller clearly illustrates the envy theory of the left. However envy does not justify support of public sector unions at taxpayer expense.  It is not wages and benefits that are the real issues in Wisconsin.    The bill in Wisconsin would require state workers to contribute 6 percent of their income towards their retirement and 12 percent towards their healthcare.  These percentages are similar to what private sector workers pay.  State workers in Wisconsin are agreeable to starting to contribute toward their health and pension funds. Get full story here.  Subscribe in a reader  Click here to unsubscribe from the Liberty Action Report. Click here to update your email address. Click here to forward to your friends. Click here to share on Facebook. 9900 Main Street, Suite 303 Fairfax, VA 22031