Tuesday, October 15, 2013

The Democrats and Republicans cant play together nice, so is this the end of the road ?




Have you been following all the wrangling and political posturing with regard to the Debit ceiling and the funding for Obama Care and our Federal government?

Well I have and as we the American tax payer "Walk the Plank' toward default, the brinkmanship continues....and frankly it's embarrassing !

The Democrats say it's John Boehner......the Republicans say Harry Reid isn't listening and won't compromise. To show how deep the division is, 2 members of congress, one Democrat, one Republican were being interviewed on CNBC today just outside of their meeting rooms... and they couldn't even agree on what to talk about during the interview....Ugh !

This "Brinkmanship" being played out by both parties has one conclusive outcome....the American people will pay! With the Debit limit looming large, we risk the dropping of our credit rating by the rating companies which would have the effect of costing the American Tax payers even more to fund the government, and it would have a terrible effect on the financial markets, job growth, and our fragile economic recovery.

If we (as a Nation) lose our credit rating because our politicians can't come to some agreement through all this "Gamesmanship".... I say "Fire the lot of them" !

They work for us !

It was our votes that gave them their job, and we should all be up in arms over this "Frat Club" group we call Congress that can't work things out and get a bill passed that is good for main street America.

I for one have made several modest investment changes to better prepare my portfolio to prepare for the issues that could come about if America defaults on it's financial commitments, and I would urge you to do the same.
I can't believe Congress would allow default to happen...but every time I turn on the news, we get closer and closer.......all I can do is shake my head is disgust.

Scott

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