U.S. Will Always Be AAA Country, Obama Says

Aug 8, 2011 at 12:24 PM
DailyBail in Debt & Deficit, National Debt, aaa rating, debt ceiling, deficit, deficit, national debt, obama, obama

Video - Obama on C-Span - May 23, 2009

Obama admits:

• "Well, we're out of money now..."

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Yet today he says:

WASHINGTON (MarketWatch) -- The United States "will always be a triple-A country," President Barack Obama said Monday, rebutting a downgrade of the U.S. credit rating late Friday from Standard & Poor's. The U.S. should make adjustments to Medicare and wealthier individuals should pay "their fair share" to help close the U.S. budget deficit, Obama suggested. He also urged Congress to extend a payroll tax cut and prolong extended unemployment benefits to help grow the economy.

 

Article originally appeared on The Daily Bail (http://dailybail.com/).