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July 27th, 2011
08:11 PM ET

Quest: 'World flabbergasted, bewildered'

CNN's Richard Quest explains how the world views the U.S. debt crisis and what to expect from a credit rating reduction.

RELATED STORY: Debt ceiling fight: What a downgrade would mean

Filed under: Debt • Richard Quest
soundoff (6 Responses)
  1. Sharon L. Sandell, MD, Chicago

    In 2002 when the Bush Administration was trying to get Congress to cut taxes, Dick Cheney said: "Reagan proved that deficits don't matter." I well remember seeing this on CNN. For a citation of this, see:

    August 1, 2011 at 11:49 am |
  2. Perk

    "Ask not what your country can do for you but what you can do for your country." Kennedy ! I don't know ? Bring back the 1920's with a creative flare of 2011 Flapper Great Depression fashion designs with a made in the USA label ? Send a % of profits to the homeless and unemployed ! Have a" Dancing In The Streets" benefit for Social Security and the checks for our troops fund raiser ! No one is running numbers by the American Public with this economic mystery plan ! It's lke the Health Care...we don't know yet what the effects will be ! It's like TARP and do you see unemployment at 8% and where are the jobs ? Get them to run the numbers by the American Public ! How dare they close their political doors and it's not their money and this is the people's money. That's the Cartoon of All Cartoons and looking for a higher resolution economic solution.Show the numbers of the plan ! Meetings are closed to the press and it's the people's money they're dealing with ? We 're watching them in the Senate and McCain was just on ! Good job and he won the debate ! Go get Rubio and he's the next generations ticket to get it done ! Penny Mack Plan is sharp but not sure they're allowing his economic ideas in for implementation or consideration. Are they meeting with him ?

    July 31, 2011 at 1:20 pm |
  3. Perk

    Relax ! " The Merry Go Round "BROKE" down" and it's being fixed ! The "Dramatics" and the "Temptations" with the people's money and all their political "Smiling Faces." We want the numbers of your plan ! 70's generation is not getting left chewing on the bone in our old age. Run the numbers on the economic plan and trust nothing until you know the numbers they have yet to disclose ! "Uptight,Everything Is Alright." No default in the USA ! Team work DC ! "Dancing In The Streets"'s a benefit for the homeless and unemployed in this economy. Merry Go Round "Broke" Down.

    July 31, 2011 at 12:13 pm |
  4. Barfly

    I am from Canada and I have been watching this circus between the GOP and White House and I have to say WAKE UP American people go to the streets if need be and voice your outrage over the Republican partisan politics, my God I have never seen such arrogant politicians as the Tea Party and the rest of the GOP they treat the President like he is a congressman not commander and chief. It is so obvious from my perspective after watching weeks of this sad debate that the Republican party is so full of themselves and there greed that they are honestly willing to send all Americans into a dark place where it has never been before. America you do have problems but believe me your biggest baddest problem is the entire Republican party they have over stepped there bounds and are acting like a communist regime there way or the highway, please send them a clear message that you will not tolerate this abuse anymore because if you don't not only will it hurt you it will have far reaching effects on your children and grand children.

    July 28, 2011 at 6:07 pm |
    • Limonada

      A Canadian calling to stand up for their rights in public ! That is amazing !
      There are grave issues here in Canada, which they do not do anything about !

      As to money, economics, and politics !: each are governed by each other, but they are not good friends ! ANSWER: Politics and Governments and Global Monetary Systems, are to blame for poverty, and hunger deaths, like SOMALIA !

      We are all wealthy as sons and daughters of this PLANET EARTH, and no hardships should be faced, as essentially needless ! According to : The Book of Pure Logic.

      USA might be in problems on paper, and internationally. But not in logic local economics system !

      Do not miss the blog on Debt Ceiling at:


      July 30, 2011 at 9:27 pm |
  5. [ Anonymous P@TRi0T (S3KShuN8) ]

    "You don't have to believe in your government to be a good American; you just have to believe in your country."
    - [ George W. Bush in Harold and Kumar Escape from Guantanamo Bay ]

    I'd say we're right on track... I'm not sure where the tracks are going, but I seriously doubt that trying to derail the train is a viable solution.

    (...this one's for the archives...)

    July 28, 2011 at 3:05 pm |

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