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      <title>Comments On: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts
    
      by Robert Gammon</title>
      <link>http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts</link>
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      by Robert Gammon</description>
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          <item>
    
    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2955251]]></link>

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    <author><![CDATA[mike_hardesty7909a]]></author>
    <description>
      
      <![CDATA[Lawngun, is that right after Debbie Does Dallas ?
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=1150221">mike_hardesty7909a</a>]]>
    </description>
    <pubDate>Wed, 10 Aug 2011 10:36:07 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
  </item>
        
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2955218]]></link>

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    <author><![CDATA[Lawngun]]></author>
    <description>
      
      <![CDATA[Boobs Behind Bars? Pretty sure they already made that movie, mike.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=1405361">Lawngun</a>]]>
    </description>
    <pubDate>Wed, 10 Aug 2011 08:23:26 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2953028]]></link>

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    <author><![CDATA[mike_hardesty7909a]]></author>
    <description>
      
      <![CDATA[One correction to my earlier post, apparently Lawrence Kotlikoff, the ex-Reagan official now a Professor at Boston University, told NPR last weekend that the real national debt is 211 trillion, not 111 trillion, as I wrote earlier. The NPR interviewer was David Greene.<br>
Of course being a typical conservative jerk, he blames it all on Medicare and Social Security and totally ignores the tens of trillions we have poured down the 'defense' rathole just since WW2.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=1150221">mike_hardesty7909a</a>]]>
    </description>
    <pubDate>Wed, 10 Aug 2011 07:46:30 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
  </item>
        
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2953024]]></link>

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    <author><![CDATA[mike_hardesty7909a]]></author>
    <description>
      
      <![CDATA[S&P waited way too long to downgrade FedGov's rating. I read recently in an interview with a former Reagan official, now an academic, that the real national debt is in the trillion of 111 trillion, not 16 trillion, when you factor in unpaid for future obligations.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=1150221">mike_hardesty7909a</a>]]>
    </description>
    <pubDate>Wed, 10 Aug 2011 07:20:37 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2951189]]></link>

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    <author><![CDATA[yoyo_guru]]></author>
    <description>
      
      <![CDATA[" California likely will have to enact huge budget cuts in January"....<br>
<br>
also, I just heard someone say on NPR, because of the stock market plunge. California's finances depend, according to the news story I heard, a whole heap on taxes from the wealthiest individuals.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=2194554">yoyo_guru</a>]]>
    </description>
    <pubDate>Mon, 08 Aug 2011 15:58:40 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
  </item>
        
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2951165]]></link>

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    <author><![CDATA[yoyo_guru]]></author>
    <description>
      
      <![CDATA["...investors have been buying more US debt since the downgrade happened...".<br>
<br>
Well, of course, since (a) the prices fell and (b) the stock market is in the toilet. <br>
<br>
I like what Krugman says about S&P, though.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=2194554">yoyo_guru</a>]]>
    </description>
    <pubDate>Mon, 08 Aug 2011 15:34:28 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2951039]]></link>

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    <author><![CDATA[Lawngun]]></author>
    <description>
      
      <![CDATA["...investors have been buying more US debt since the downgrade happened...".<br>
<br>
Sure they have. These debt instruments are now double-A collectors items.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=1405361">Lawngun</a>]]>
    </description>
    <pubDate>Mon, 08 Aug 2011 14:10:08 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
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    <title><![CDATA[Re: Monday Must Read: US Debt Downgrade Prompts Blame Game; California Headed for Big Budget Cuts]]></title>

    
    <link><![CDATA[http://www.eastbayexpress.com/SevenDays/archives/2011/08/08/monday-must-read-us-debt-downgrade-prompts-blame-game-california-headed-for-big-budget-cuts/#2951037]]></link>

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    <author><![CDATA[Lawngun]]></author>
    <description>
      
      <![CDATA[THe downgrade of Federal debt will lead to the downgrade of some or all AAA-rated state debt, will lead to the downgrade of some AAA-rated local debt... If only the administration had kept a better eye on our credit at <a href="http://freecreditreport.com/" rel="nofollow" target="_blank">freecreditreport.com</a>.
        
        <br />
        Posted by 
        
          <a href="http://www.eastbayexpress.com/oakland/Profile?oid=1405361">Lawngun</a>]]>
    </description>
    <pubDate>Mon, 08 Aug 2011 14:08:06 -0700</pubDate>
    <source url="http://www.eastbayexpress.com">East Bay Express</source>
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