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The nutshell explanation of the downgrade

August 8, 2011 by B. Daniel Blatt

Lady Thatcher unpacks it for us:

The problem with socialism is that eventually you run out of other people’s money.

Too bad the president didn’t acknowledge that in his remarks today. (Stay tuned for my 5-point plan to address the downgrade.)

Filed Under: Debt Crisis, Strong Women

Comments

  1. Kevin says

    August 8, 2011 at 10:20 pm - August 8, 2011

    The title is Baroness, not Lady by the way.

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