Thursday, June 9, 2011
Jim Rogers says that the congress should take a chainsaw when cutting spending , America is already bankrupt they should not care much about the rating agencies triple A rating , the rating agencies have always been wrong in the last decade jim rogers says . America is the largest debtor nation in the history of the world. As the country goes deeper into the hole, how worried should we be? Congressmen shouldn't be worried about our credit rating, says Quantum Fund's Jim Rogers. America is already bankrupt, he says, and the only solution is to cut spending dramatically by "taking a chainsaw" to the budget. Unless something is done quickly, says Rogers, a disaster is imminent.