Thursday, June 9, 2011

Congressmen should take a chainsaw when cutting spending

Jim Rogers : ."..what are the rating agencies doing , America is already bankrupt , the idea that it is still a triple A credit and that it may lower it is just absurd , these rating agencies have been wrong nearly about everything in the past ten or fifteen years do not pay any attention to them , US is in terrible trouble , congressmen should be worried about that not about what the rating agencies are saying "

" they should cut spending dramatically they should take an ax , no a chainsaw , they should take a chainsaw when cut spending , America is is going down the tubes we are the largest debtor nation in the history of the world Laureen , this is a very serious things going on around and we are just watching ourselves sinking to the sea..." - in RT America

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).