Skip to comments.Moody's affirms AAA rating, lowers outlook
Posted on 08/02/2011 4:55:09 PM PDT by silentknight
NEW YORK (CNNMoney) -- Credit rating agency Moody's said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to "negative."
(Excerpt) Read more at money.cnn.com ...
Proving once again that we have been had.
lol in a world where up is down and down is up
From the article
The United States enjoys its AAA rating in part for having always stood behind its debt and paid its bills on time. As a result, U.S. Treasury bonds are considered the world’s safe-haven investment.
This is the face of Fascism.
King George III would have been envious.
The purpose of the MSM was to scare Grandma. But just think about that one minute. Grandma is a Boomer and doesn't scare easily. She joins the TEA Party.
You got it and this time around the grannies ARE NOT going to be pushed and sholved around.
In an Oct. 7, 2009, story for McClatchy Newspapers, reporter Steven Thomma took a stab:
The costs of the trips — borne by taxpayers — are difficult to measure, but they’re expensive. When (the president) uses the familiar blue-and-white reconfigured 747 as Air Force One, it costs $100,219 an hour to operate, according to the Air Force. And that’s just HIS plane.
There also are cargo planes, used to fly in armored limousines, helicopters, staff and other equipment, as well as the Secret Service. A single Air Force C-17 cargo jet, for example, costs $6,960 an hour, according to the Congressional Research Service.
A total of 77 other aircraft were used on one multi-country trip to Asia by former President Bill Clinton in 2000, according to the Air Force Times, including 14 C-17 Globemasters, 12 C-5 Galaxys, three C-141 Starlifters and two C-130 Hercules. ABC News at the time estimated the cost of that entire trip at $50 million.
An Air Force Times story on March 27, 2000, said Clinton’s trip to India and Pakistan “may be the most expensive such mission ever carried out by the Air Force.” The reporters said the operation required hundreds of aircraft missions. They tagged the cost of the 5-day trip at $50 million as well. That comes to $10 million per day.
There. Rational discussion is good.
What other country has a AAA rating?
So this a “Not really a downgrade”, downgrade.
All that drama and hyperbole wasted, we still got a downgrade an ZERO assurance we will not be downgraded further!
As the Whithouse is glued to the news to find out what Moody’s wants us to do!
Gee how much ransom did Obama finally pay them?
They were up against the wall. It was that or congressional hearing for stamping CDS mortgages Triple A. I bet they will never be held accountable for the mortgage mess.
These chaps are the masters of understatement.
It's not upside down. Historically, the US taxpayer has always delivered. And then some.
The entire world order takes our integrity for granted.
"Upside down" is when it's all Sharia compliant.
You go girl!
AS soon as the Arabs start taking currency other than dollars for oil we are finished. In my opinion...
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