July 30, 1892 Hundreds Of Deaths From The Heat

4 Responses to July 30, 1892 Hundreds Of Deaths From The Heat

1. Latitude says:

   July 24, 2011 at 1:18 pm

   U.S. Credit Rating Now Cut As Boehner Fights Back

   By Jeffrey Lord on 7.23.11 @ 9:50AM

   It’s official.

   The credit rating of the United States government — for the first time in American history — has been cut.

   Lost in the headlines generated by Obama press conferences, Reuters reported that the credit rating agency Egan-Jones has in fact become the first rating agency to downgrade the U.S. rating. Egan-Jones, says Reuters:

   ..has cut the United States’ top credit ranking, citing concerns over the country’s high debt load and the difficulty the government faces in significantly reducing spending.

   http://spectator.org/blog/2011/07/23/us-credit-rating-now-cut-as-bo#

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   • Paul H says:

     July 24, 2011 at 1:28 pm

     The little contretemps at the moment is just that. The real issue for rating agencies is the long term ability of the US (not to mention most of Europe) to pay back debts.

     Obama’s current strategy is to carry on printing money so he does not have to borrow as much and let inflation and the devaluation of the dollar gradually reduce the real amount of debt to repay.

     In other words a soft default but a default nonetheless.

     Reply
2. Grumpy Grampy ;) says:

   July 24, 2011 at 1:32 pm

   “the difficulty the government faces in significantly reducing spending.” Not raising taxes but reducing spending. The Democrats still have it wrong.

   Reply
3. Grumpy Grampy ;) says:

   July 24, 2011 at 1:37 pm

   There was little difference in the temperatures in the late 1800s and recent weather conditions. The regions experiencing the warmth may have changed slightly but there is no statistically significant difference between then and now. With long term variable climate trends don’t mean Squat except on multi-millennial time scales.

   Reply