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Hungary credit rating downgraded by S&P to junk

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  • Liberal Ted Salt Lake City, UT
    Dec. 22, 2011 12:55 p.m.

    If only barack was the president of hungary. He would turn their economy around. It's a very simple formula. Increase taxes, increase borrowing, give money to people who vote for you, give money to businesses that barack has money invested in, take control of peoples abilities to choose.

    And wala you have 9% unemployment, 17% True Unemployment and over $5 Trillion of new debt!

    Come on hungary get with the program.

  • don17 Temecula, CA
    Dec. 24, 2011 1:03 a.m.

    Liberal Ted: Good Points! But, don't forget that the Federal Reserve is providing funding to the ECB to buy bonds and guarantee loans. They have immediate access at 1.1 % interest! Just a cool 639 Billion if needed. The fed has already made available and given(GIVEN) near 700 Billion in currency printed offline of the budget. Not part of the 7 trillion that will be added to the debt since President Obama too office!

    But dont worry the economy is getting better!
    25 million unemployed or under employed.
    50 million on Food assistance.
    Worst housing market since record keeping started in 1959
    Declining savings rate which means Christmas is being paid by debt or
    every penny some have.

  • What in Tucket? Provo, UT
    Dec. 24, 2011 2:21 p.m.

    Maybe if they quit taxing and spending they would do better. Sound familiar?