So now America’s credit rating has been lowered from AAA to AA+. So what?
Maybe now we will be forced to either stop borrowing so much from foreign countries and/or tighten our belts financially, as so many Americans are now doing. Thanks to the greed of our banks, who with the help of the Republican Congress, issued mortgages to so many who were not financially able to afford a home. It’s sad, but therein lies the truth.
On a more controversial note and at risk being labeled a bigot: What amazed me was to watch the CEO of Standard & Poor’s telling Congress it might lower the nation’s credit rating.
His demeanor was arrogant, but what irked me the most was telling this to the Congress of the U.S. while showing the world that he was from the Middle East. He probably is now an American citizen, but spoke with arrogance with that unmistakably Arab dialect while our young men and women are dying helping their countries to prosper.
What has happened to America when its very survival relies on a private company having the power to make us or break us? Something is wrong with this scenario.
I don’t have the answer, but some suggestions: Bring our troops home. Use them to protect our borders so no country can or would dare try to invade us.
Stop importing more than we export and put this country back on track to self-substainability and no more nation-building.
Frank D. Slason
Somerville
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