If Moody's and other credit rating outfits say that loaning to America is an increasingly risky idea, why is it the Fed is insistent upon creating more debt for American's(whom they are said to be working for the betterment of).

Keeping in mind that a lower national credit rating will:

increase the national debt(I think the last time the US paid off its Tab was 1835);

increase the cost of the debt already on the books(which presently amounts to $30 billion per month to service-but that couldn't be put to better use than paying the private investors who own the FED);

make it more difficult to find investors to buy American debt(which is already well underway(as evidenced by the FED purchasing the bulk of the last few blocks of Treasury Bonds(through an intermediary of course, as it would be illegal otherwise);

then there are the trickle down problems for the states, funds drying up that states came to rely upon.

Unfortunately Peter, the American version of Bread and Circus' are coming to an end. Of course they must, as pyramid schemes necessarily play themselves out. Put another way, promises are cheap, keeping 'em costs.

I am sorry you view the people who want to move to a sustainable pay as you go model as ignorant. But I tell you what, the Pols and the Bankers(not yours down on the corner) are going to keep the smoke and mirrors going, until there is a complete collapse, because DC and the IMF and WB are going to pull the plug on SSI and all the other unrealistic and financially unsustainable social safety nets(the Prez is saying it is an option. What happened to pulling the plug on Afganistan? Surely the Prez could roll out other, less cruel and fearing mongering priorities than SSI and Disability payments! But no, Yes We Can went for the juggler). Again, the promises achieved their purpose, getting Pols elected.

Social Networks are nothing more than data mining. How did Zuckerman put it, about those that use them?

Ah, you're still a pup David. Hope you're happy with many more to come.

peaceably All

PS You're a teacher, is your retirement package sustainable. Do you think you will be paid in-full? I hate to say it, but as a friendly thought, I wouldn't count on it Peter. In the first place I expect hyperinflation will make everybodies money worthless but too, I will be surprised if any such contracts are honored remotely in-full, as that will likely be your part in the new theme of, Shared Sacrifice.