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Wednesday Chronicle: Steep Downgrade Plus Rising Debt

Read this on the Web at http://patriotpost.us/edition/2011/08/10/chronicle/ Subscribe to The Patriot Post — It's Right and It's FREE: click here . Chronicle · August 10, 2011 The Foundation "I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection." --Thomas Paine Editorial Exegesis The Obama road "Whatever one thinks of the credit-rating agencies -- and we aren't admirers -- it serves no good purpose to shoot the fiscal messengers. Friday's downgrade by Standard & Poor's of U.S. long-term debt to AA+ from AAA will be the first of many such humiliations if Washington doesn't change its economic and fis...

Founder's Quote Daily

"We have heard of the impious doctrine in the old world, that the people were made for kings, not kings for the people. Is the same doctrine to be revived in the new, in another shape - that the solid happiness of the people is to be sacrificed to the views of political institutions of a different form? It is too early for politicians to presume on our forgetting that the public good, the real welfare of the great body of the people, is the supreme object to be pursued; and that no form of government whatever has any other value than as it may be fitted for the attainment of this object." --James Madison, Federalist No. 45 Follow The Patriot Post :                You have received this email because you are subscribed to Founder's Quote Daily, a service of The Patriot Post . To subscribe to Founder's Quote ...