WASHINGTON -- The senior Democrat on the House Financial Services Committee says the biggest reason the United States is seeing its credit downgraded is that it spends too much money being "the military policemen of the world."
Rep. Barney Frank tells CBS's "The Early Show" that reining in defense spending is "going to be my mantra" for the next few months.
3 comments:
What a jackass!
When one is the direct cause of major turmoil one becomes like the kid caught with his hand in the cookie jar; he points elsewhere hoping to take attention off himself. Barney, to find work for his boyfriend, created Fannie Mae mortgage programs for him to administer with terms and conditions totally contrary to sound financial practices. The collapse of the housing market is directly attributable to Barney. To try to avoid too much scrutiny he has to point elsewhere. As usual, he's dead wrong and so far off base he has no credibility.
"reining"?
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