Do We Have Your Attention Now?

This is a clear warning shot across this country’s economic bow and definitely not a good development.

U.S. Warned on Debt Load

A blunt warning Monday from a credit rating firm about the U.S. government’s mounting debt pushed stock markets lower and intensified political divisions in Washington about how best to tackle growing deficits.

Both the Obama administration and House Republicans scrambled to gain leverage from Standard & Poor’s changing its outlook on U.S. Treasury securities to “negative” from “stable.”

S&P didn’t lower its top-notch AAA-bond rating for U.S. government Treasury securities, and their prices initially fell but later rebounded amid optimism that the report could serve as a catalyst to force both sides in Washington to compromise.

See also:
US faces credit downgrade if debt not cut
UPDATE 3-White House, Congress under pressure from S&P move
S&P’s warning to Uncle Sam
Stocks sink after S&P downgrades US outlook
S&P Downgrade Of U.S. Debt Says Nothing New
Outlook change stokes political battle over US debt
JP Morgan’s Comments on the SP Downgrade…. “fiscal issues are serious”
Analysis: Obama plays down S&P outlook change
White House calls S&P downgrade political judgment
House Dems insist S&P warning means Congress should raise debt ceiling, no strings attached

Boy, all I can say is that Obama and Congress had better get off their asses and do something substantial to get our national debt problem under control. And they need to do it soon.

/and if you think we have serious fiscal problems now, just wait and see what happens if we ever lose our AAA rating, it will not be pretty

Shoot Down At Dimona

Hmmm, I wonder who this UFO belonged to?

Israeli jet downs flying object near nuclear plant

An Israeli warplane has shot down a “suspicious object” flying over the southern part of the Dead Sea, the military said, adding that the intruder appeared to have been a balloon.

The country’s main nuclear reactor is about 30 kilometres from the Dead Sea, at Dimona in the Negev desert.

“Air force planes were scrambled after a suspicious object was seen,” a military spokeswoman told AFP yesterday. “It was shot down.” She did not elaborate.

Local news site Ynet said one of the planes fired a missile at the object “which was hovering close to the nuclear research institute at Dimona.”

See also:
IAF Intercepted a Suspicious Flying Object
IAF Jet Shoots Down Unknown Object from Jordan
Object shot out of sky above Israeli nuclear plant, military says
Hot air! Drifting to Dimona, balloon prompts IAF scramble
Air Force shoots down balloon near Dimona
Israel shoots down ‘balloon’ near nuclear site
‘Balloon’ is shot down near Israeli reactor site
Israel shoots down object near nuke plant
‘Balloon’ shot down near N-reactor
Israeli warplane shoots down object over Dimona
Fighter jet shoots down balloon in nuclear plant area
Negev Nuclear Research Center

An unmanned, motorized balloon? Apparently, someone wanted a closer look at Dimona than Google Earth provides.

/my guess would be Hezbollah gathering intelligence to range a rocket attack on the reactor but, then again, the IDF hasn’t found the wreckage yet to determine exactly what it was