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US May Lose Its 'AAA' Rating
CNBC ^ | 11/11/2008 | CNBC

Posted on 11/11/2008 7:36:09 AM PST by Red in Blue PA

The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.

"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
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1 posted on 11/11/2008 7:36:10 AM PST by Red in Blue PA
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To: Red in Blue PA
Ha-ha! It's Hussein's problem now!
2 posted on 11/11/2008 7:37:05 AM PST by pnh102 (Save America - Ban Ethanol Now!)
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To: Red in Blue PA

Barack’s Fault!


3 posted on 11/11/2008 7:38:10 AM PST by KoRn
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To: Red in Blue PA

can the government get any more stupid?


4 posted on 11/11/2008 7:39:52 AM PST by dalebert
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To: pnh102

We still have to live here.


5 posted on 11/11/2008 7:40:07 AM PST by BGHater (The GOP, the new DNC.)
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To: Red in Blue PA

won’t that make it tougher for us to borrow from other countries?

How are we going to pay for all those things like nationalized healthcare, and free college then?


6 posted on 11/11/2008 7:41:24 AM PST by MNDude
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To: Red in Blue PA

Once the “AAA” is no more, watch for the cost of debt to rise.....not that it would matter to the folks in DC.


7 posted on 11/11/2008 7:41:33 AM PST by Red in Blue PA (Little known fact: Barack Obama translated into Kenyan means "Jimmy Carter")
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To: MNDude

1. Yes!

2. Who knows?


8 posted on 11/11/2008 7:42:14 AM PST by Red in Blue PA (Little known fact: Barack Obama translated into Kenyan means "Jimmy Carter")
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To: Red in Blue PA

Heard on Boortz a mind-numbing figure: +$30 Trillion in total debt IIRC.


9 posted on 11/11/2008 7:43:15 AM PST by egannacht
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To: Red in Blue PA

Last 2 years of Democratic rule in the Congress is to be blamed.

Let us start pointing to the party that is really responsible for this downfall.


10 posted on 11/11/2008 7:43:19 AM PST by indianyogi
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To: egannacht

I think it is more like double that.


11 posted on 11/11/2008 7:44:36 AM PST by Red in Blue PA (Little known fact: Barack Obama translated into Kenyan means "Jimmy Carter")
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To: Red in Blue PA

FRiends... please pay off any adjustable-rate debt ASAP. This might not happen for a few years, but you do not want to be stuck if it does.


12 posted on 11/11/2008 7:45:17 AM PST by oblomov
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To: Red in Blue PA

And if the gov actually goes bankrupt?

What really happens?

[I know...probably very stupid questions...please, no flames.]


13 posted on 11/11/2008 7:45:27 AM PST by Adder (typical basicly decent bitter white person)
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To: Red in Blue PA
Market is in the tank and we can thank the RAT party and the Obama machine for it. Too bad it hurts so many Americans. That's the bad part. This turd don't care.
14 posted on 11/11/2008 7:46:00 AM PST by Logical me (Oh, well!!!)
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Comment #15 Removed by Moderator

To: Boiling Pots

“May God D*mn George Bush forever for the tremendous damage he has caused this country.”

I agree.


16 posted on 11/11/2008 7:50:41 AM PST by GatĂșn(CraigIsaMangoTreeLawyer)
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To: Red in Blue PA
we can blame this mess 100% on the democRat Party Liars Club.

0bama = Abortion

17 posted on 11/11/2008 7:52:34 AM PST by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: Boiling Pots

I strongly disagree with your outrageous sentiments and categorize them along side jeremiah Wright’s call for the God Damning of America.

President Bush is a good and decent leader.


18 posted on 11/11/2008 7:59:32 AM PST by lonestar67 (Its time to withdraw from the War on Bush-- your side is hopelessly lost in a quagmire.)
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To: Red in Blue PA

I try to stay positive.


19 posted on 11/11/2008 7:59:52 AM PST by egannacht
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To: Red in Blue PA

Who will bailout the bailouters?


20 posted on 11/11/2008 8:01:46 AM PST by 6SJ7 (Atlas Shrugged Mode: ON)
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