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No Chance of Default, US Can Print Money: Greenspan — Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. — “The United States can pay any debt it has because we can always print money to do that.
Discussion:
NewsBusters.org, Weasel Zippers, THE ASTUTE BLOGGERS and LewRockwell.com Blog
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S.&P. Downgrade Is Seen as Adding Urgency to Debt-Cutting Panel — WASHINGTON — The downgrade of the United States government's credit rating by Standard & Poor's is almost sure to increase pressure on a new Congressional “supercommittee” to mute ideological disagreements and recommend …

Tea Party Nation: The left's killed “a billion people” — THIENSVILLE, Wis. — The founder of Tea Party Nation claimed liberal ideology is responsible for “a billion” deaths over the last century during a raucous rally here Saturday in support of one of the six Republican state senators facing a recall election Tuesday.
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John Kerry and the ‘Tea Party Downgrade’ — The “Tea Party downgrade” memo has been successfully circulated. — First up today is John Kerry. It's some kind of hilarious to watch a big spending, pro bloated government liberal try to come across like a life-long hawk on cutting deficits …


Blame, insults traded over credit downgrade on Sunday shows
Discussion:
Taylor Marsh, Don Surber, The Hill and JammieWearingFool

McCain: Tea Party Members Had ‘Mandate’ to Oppose Tax and Spending Hikes
Discussion:
The Daily Caller, Hot Air, Wizbang and Don Surber

Axelrod: This is a “Tea Party downgrade”
Discussion:
American Spectator, Taylor Marsh and The Politico


Explosive Jackie O tapes ‘reveal how she believed Johnson killed JFK and had affair with movie star’ — Jackie Onassis believed that Lyndon B Johnson and a cabal of Texas tycoons were involved in the assassination of her husband John F Kennedy, ‘explosive’ recordings are set to reveal.
Discussion:
Alan Colmes' Liberaland and Pajamas Media


ECB Moves to Prop Up Italy, Spain — FRANKFURT—The European Central Bank signaled it would purchase government bonds of Italy and Spain on a large scale, in the most dramatic and controversial escalation of its nearly two-year effort to stem Europe's unfolding debt crisis.
Discussion:
naked capitalism, Pajamas Media, Credit Writedowns, Calculated Risk and Telegraph
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Global Finance Leaders Pledge Bold Action to Calm Markets — FRANKFURT — The European Central Bank signaled on Sunday that it would intervene more aggressively in bond markets to protect Spain and Italy, and leading finance ministers conferred about the mounting threats to the world's economies …
Discussion:
VentureBeat and The Page

Statement by the President of the ECB
Discussion:
Paul Krugman, MarketBeat and Money & Company

Second Recession in U.S. Could Be Worse Than First — If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around. — Given the tumult of the Great Recession, this may be hard to believe.
Discussion:
The Raw Story


Cokie Roberts on Downgrade: ‘The Problem That We Have Here Is the Constitution’ — ABC's Cokie Roberts said something on national television Sunday that made her colleague George Will shake his head on camera. — During a “This Week” discussion about the recent credit rating downgrade …
Discussion:
Booman Tribune, The Right Scoop and AMERICAN DIGEST

Sunday Reflection: Why the GOP should give Obama the higher taxes he wants — Well, the debt deal is behind us, but it's clear that the White House wants more taxes. Instead of fighting this head-on, the GOP might want to think about future ways of giving President Obama what he says he wants.
Discussion:
The Other McCain, Pajamas Media, The Lonely Conservative and No Left Turns
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Opening on October 12, 2012: The Obama Is Totally Awesome blockbuster movie
Discussion:
Le·gal In·sur·rec· tion and PoliPundit.com

Downgrade Blues — BARACK OBAMA must wonder sometimes if his luck has run out.
Discussion:
NewsBusters.org blogs, Weasel Zippers, nation.foxnews.com, Wizbang and Don Surber

Sharia execution urged for Mubarak — THE spokesman for Egypt's Muslim Brotherhood, which portrays itself as a moderate Islamic movement, has called for execution and hand amputations if the Mubaraks are found guilty of murder and corruption. — “If a man has stolen millions of the state's money …
Discussion:
Weasel Zippers, Jihad Watch and Atlas Shrugs


Mark O. Hatfield, Republican Champion of Liberal Causes, Dies at 89 — Mark O. Hatfield, a liberal Republican who challenged his party's positions on the Vietnam War and on a balanced-budget amendment to the Constitution during his 30 years as a Senator from Oregon, died on Sunday. He was 89.
Discussion:
The Page

Geithner tells Obama he will remain as Treasury secretary — Treasury Secretary Timothy F. Geithner has told President Obama he plans to remain in his job through the fall of 2012, keeping in place Obama's longest-serving economic adviser after the first-ever U.S. credit downgrade and renewed fears of a second recession.
Discussion:
Sky Dancing, The Politico, JammieWearingFool and Balloon Juice
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Timothy Geithner to stay at Treasury
Discussion:
The Note, New York Magazine, Gawker, Scared Monkeys and Hot Air

Tottenham riots: This could happen in a dozen boroughs | Dave Hill — I don't know what could have been done to avoid last night's explosion of resentment and criminality. But I'm grimly confident of its potential elsewhere — The fires have been put out but the embers still burn hot …
Discussion:
Biased BBC and blogs.telegraph.co.uk
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Win Together or Lose Together — IN the wake of the hugely disappointing budget deal and the S.& P.'s debt downgrade, maybe we need to hang a new sign in the immigration arrival halls at all U.S. ports and airports. It could simply read: “Welcome. You are entering the United States of America.
Discussion:
The Huffington Post and thomaspmbarnett.com