Liberals may not want to know this But...

I was told so many times by my liberal friends, because of Obama, economy is improving and we are out of recession...

well i have read this news on bloomberg.com and I am seriously worried about this:

Source:
http://www.bloomberg.com/apps/news?pid=20601068&sid=a0a8xAghPS8I

For quick review here are points:

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview.

Under the ratings company’s so-called baseline scenario, the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K., and will be the biggest spender from 2011 to 2013, Moody’s said today in a report.

“We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.”

The pound fell against the dollar and the euro for the first time in three days, depreciating 0.8 percent to $1.5090, while the dollar index snapped a four-day drop, adding 0.3 percent to 90.075.

The U.S. government will spend about 7 percent of its revenue servicing debt in 2010 and almost 11 percent in 2013, according to the baseline scenario of moderate economic recovery, fiscal adjustments in line with government plans and a gradual increase in interest rates, Moody’s said.

Under its adverse scenario, which assumes 0.5 percent lower growth each year, less fiscal adjustment and a stronger interest-rate shock, the U.S. will be paying about 15 percent of revenue in interest payments, more than the 14 percent limit that would lead to a downgrade to AA, Moody’s said.

My View:
It's not like this is shocking to anyone. America has massive debt. No jobs. No big innovation to speak of and Marxist leaders hell bent on destroying the country. So what you expect?

Mr. President, this is one more reason to put your credit card, in Freezer, and hide your checkbook so that you wont write checks anymore to any one. One more reason to stop working on biggest entitlement policy ever, Health care reform. I do agree with you that we need Health care reform, but this is not time nor at current state your bill is going to help. put your political ambition a side and your ego behind. US will thank you, and be grateful to you if you do not pass it and regret for voting for you if you pass it.Decide how you want to be remembered... You look intelligent, behave like one.