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U.S. loses AAA credit rating from S&P
Yahoo.com via Reuters ^ | 8/5/11 | Walter Brandimarte

Posted on 08/05/2011 5:51:21 PM PDT by GQuagmire

NEW YORK (Reuters) - The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the UK, Germany, France or Canada

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: 0bamaonthedownlow; 0bamathewhoreondrugs; 112th; aa; aaplus; affirmactionplus; barack0onthedownlow; barackonthedownlow; barackoonthedownlow; barrymaddog; barryonthedownlow; congress; creditrating; cutcapbalance; debt; debtceiling; debtlimit; democrats; downgrade; economy; electioni2012; failure; ftp; geithner; hopeychangey; husseinonthedownlow; iatz; ibtz; nobama2012; obama; obama2ff; obamanomics; obamaonthedownlow; rating; ratingservices; socialism; soros; spookydude; standardpoors; taxandspend; treasury; triplea; turbotaxtimmy; usa2aa; yourtaxdollarsatwork; zot; zotmania
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1 posted on 08/05/2011 5:51:23 PM PDT by GQuagmire
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To: GQuagmire

Unprecedented!


2 posted on 08/05/2011 5:52:17 PM PDT by OwenKellogg (It's time for a Tea Party Senate.)
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To: GQuagmire

Ooops !


3 posted on 08/05/2011 5:52:33 PM PDT by Delta 21 (Make your choice ! There are NO civilians.)
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To: GQuagmire

0 is pleased.


4 posted on 08/05/2011 5:52:38 PM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: OwenKellogg

Unexpected...?


5 posted on 08/05/2011 5:53:01 PM PDT by barmag25
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To: OwenKellogg

Unexpected too!


6 posted on 08/05/2011 5:53:05 PM PDT by Norm Lenhart
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To: Rudder
0 is pleased.

As is his puppet master, George Soros.

7 posted on 08/05/2011 5:53:30 PM PDT by twister881
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To: GQuagmire

way to go b o


8 posted on 08/05/2011 5:53:30 PM PDT by tutstar
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To: barmag25

Unprecedented and unexpected!


9 posted on 08/05/2011 5:53:52 PM PDT by OwenKellogg (It's time for a Tea Party Senate.)
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To: GQuagmire

Well, thank you Mister President Barack Hussein Obama.

When this POS was elected, many of said “WE ARE DOOMED”.

We told ya so.


10 posted on 08/05/2011 5:53:52 PM PDT by 2nd Bn, 11th Mar (The "p" in Democrat stands for patriotism.)
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To: All

how many parties will he be attending this weekend while his buddy Soros starts to make his move?


11 posted on 08/05/2011 5:54:10 PM PDT by newnhdad
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To: GQuagmire

Even S&P can’t defend this scam any longer...


12 posted on 08/05/2011 5:54:37 PM PDT by Beaten Valve
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To: GQuagmire

Black Preacher Voice... “Somebody fainted. Did somebody faint down there? Just give ‘im some room. He’ll be fine.”


13 posted on 08/05/2011 5:54:37 PM PDT by Doctor 2Brains (If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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To: tutstar

This is a good thing, we can put it all on Obama’s shoulders.


14 posted on 08/05/2011 5:54:48 PM PDT by conservaterian (Sarah/DeMint '12)
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To: GQuagmire
If true then it's only a matter of time before Interest rates go up and the interest expense on the debt begins to expand until the federal budget is eaten up by it.
Default is the next step here.
15 posted on 08/05/2011 5:54:57 PM PDT by Captain Peter Blood
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To: conservaterian

This is NOT a good thing.


16 posted on 08/05/2011 5:55:29 PM PDT by johniegrad
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To: GQuagmire

Friday night news dump. While you were at Happy Hour.....


17 posted on 08/05/2011 5:55:29 PM PDT by LA Woman3
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To: GQuagmire

That hope and change stuff can’t happen overnight ...this change took two and a half years, lots of grey hairs, and one hip hop BBQ.


18 posted on 08/05/2011 5:55:35 PM PDT by OwenKellogg (It's time for a Tea Party Senate.)
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To: GQuagmire
concerns about growing budget deficits.

How are the progressives gonna spin this?

Obama, Reid, Pelosi, Kerry, Wasserman, McCain, and on and on? Let's hear it.

19 posted on 08/05/2011 5:55:39 PM PDT by FlyVet
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To: GQuagmire

20 posted on 08/05/2011 5:55:39 PM PDT by twister881
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To: GQuagmire

It is a crisis!

Blame the Republicans!!

The federal government needs to expand programs to jumpstart the economy and to that end, borrow more money!!!


21 posted on 08/05/2011 5:56:27 PM PDT by SteveH (First they ignore you. Then they laugh at you. Then they fight you. Then you win.)
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To: GQuagmire

22 posted on 08/05/2011 5:56:36 PM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: GQuagmire
obamma knew about this all day. This is why we have all these news drops earlier today about the possibilty of a downgrade. obamma knew long before the annoucement.

Funny, the S&P dumped it on a Friday Evening, perfect for the RATS to scurry for cover over the weekend and get their misleading talking points in order come Monday.

23 posted on 08/05/2011 5:56:36 PM PDT by rawhide
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To: GQuagmire

And people said Glenn Beck was crazy....

I am pretty sure we are totally screwed and the end is probably closer then we all would like.


24 posted on 08/05/2011 5:56:50 PM PDT by CSI007
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To: GQuagmire
Of course, it's Bush's fault.
25 posted on 08/05/2011 5:56:50 PM PDT by crazyhorse691 (Obama is just the symptom of what is destroying the U.S.)
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To: GQuagmire

Bush’s fault!


26 posted on 08/05/2011 5:56:51 PM PDT by VRW Conspirator (Obama takes office, and 2 years later our nation is using the word 'default'? -HereInTheHeartland)
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To: GQuagmire
Is this what he meant by


27 posted on 08/05/2011 5:57:05 PM PDT by McGruff (I am Sarah Palin)
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To: GQuagmire

Unprecedented! Unexpected!


28 posted on 08/05/2011 5:57:26 PM PDT by RKBA Democrat (Boehner resign!)
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To: GQuagmire

NO MORE DEBT or sell out RINO Republicans!


29 posted on 08/05/2011 5:57:44 PM PDT by Gipper08 (www.travishankins.com...a real CONSERVATIVE)
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To: GQuagmire

LOL at yesterday’s NYT story “business want an AA rating or they borrow too much - AAA is overrated”


30 posted on 08/05/2011 5:58:24 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: FlyVet

How are they gonna spin it? You’re kidding, right? Here’s a hint. “Bush’s/Tea Pary fault.” And, no, I am not Nostradamus or one of Dionne Warwick’s psychic friends.


31 posted on 08/05/2011 5:58:24 PM PDT by Doctor 2Brains (If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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To: GQuagmire

Has he blamed Bush yet?


32 posted on 08/05/2011 5:58:32 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: GQuagmire

Seriously, can we just freakin IMPEACH this b-stard NOW !!!


33 posted on 08/05/2011 5:58:47 PM PDT by Reagan69 (First they came for Sarah Palin and conservatives said nothing...)
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To: GQuagmire
The world is going downhill like an Olympic skier under bummer.
34 posted on 08/05/2011 5:59:28 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: GQuagmire

Looks like reality just happened again.

So I guess Reid will be blaming the Tea Party for this too?


35 posted on 08/05/2011 5:59:46 PM PDT by Aglooka ("I was out numbered 5-to-1, I got 4.")
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To: GQuagmire

Hope & change!!

Republicans will be blamed. Good thing they caved and raised the debt limit.


36 posted on 08/05/2011 6:00:24 PM PDT by KansasGirl
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To: Gipper08

At this point they all know it’s too late. Of course, they and all their families and staff are set for the long haul.


37 posted on 08/05/2011 6:00:24 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: GQuagmire

Hope & change!!

Republicans will be blamed. Good thing they caved and raised the debt limit.


38 posted on 08/05/2011 6:00:33 PM PDT by KansasGirl
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To: twister881

S&P and Moody’s were raided by the Italian police. That was a clear message..they had to downgrade, but they will say if was due to lack of agreement on what to do about the debt..not the level of the debt. They are hostages of the Govt’s. The real downgrade came with QE2 when the Fed became the purchaser of last resort..and will start doing more of the same.


39 posted on 08/05/2011 6:00:38 PM PDT by Oldexpat
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To: conservaterian

No, I think not.

I’ll be putting the blame on generations of politicians that have spent us so far beyond our means this economy risks collapsing from Obma, to Bush and on down the line from Reid to McConnell to Frist and to Daschle from Pelosi to Boehner and you get the picture. I’ll also lay it straight on the heads of Americans that accepted this debt as a good idea because all of those “freebies” just had to keep coming to them. I’ll put it on the heads of those that accepted our credit rather then cutting our damn credit cards up decades ago.

Hoever I fully expect the DC statists to say it’s our fault because we dared to make the world aware that um....we don’t have the money to pay our debt and our politicians are addicted to thise credit cards. See we’re to blame for pointing out their addiction and the natural consequence of that addiction even though we aren’t the ones SPENDING US INTO COLLAPSE!!


40 posted on 08/05/2011 6:00:38 PM PDT by Soul Seeker ( I was there when we had the numbers, but didn’t have the pThey may feel bettrinciples.---Jim DeMin)
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To: Christian Engineer Mass

Another Tweet out there. This is going to get ugly.

RT @brianbeutler: Statement from S&P parsels blame evenly between Dems & Rs, entitlements and taxes. No acknowledgment of GOP tax pledge.


41 posted on 08/05/2011 6:01:04 PM PDT by MissyMa
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To: GQuagmire

Do you know if the US has ever lost it’s AAA rating before?


42 posted on 08/05/2011 6:01:21 PM PDT by Jean S
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To: 2nd Bn, 11th Mar

First step to recovery... no more denial.


43 posted on 08/05/2011 6:01:37 PM PDT by dhs12345
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To: GQuagmire

Somebody stop this Hopey Changey Thingy!


44 posted on 08/05/2011 6:02:07 PM PDT by McGruff (I am Sarah Palin)
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To: GQuagmire

The downgrade should lead to higher interest rates being demanded on U.S. debt. That, in turn, will lead to greater deficits. Maybe even enough to hit the debt ceiling again, before the next election. (Not highly probable, but maybe.)


45 posted on 08/05/2011 6:02:22 PM PDT by USFRIENDINVICTORIA
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To: Captain Peter Blood
I heard the interest rate may not go up for average joe seeking a loan, and even if they do, it will be only an eighth of a point or so.

What Congress does now with this info will determine future downgrades, as S&P has warned today, when they will occur and then how much the interest rates will rise.

I suspect obamma does not really care about this news. He is probably out partying tonight, without a care in the world. He still has his job and he is set for life financially.

46 posted on 08/05/2011 6:02:43 PM PDT by rawhide
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To: GQuagmire

S&P wishes Dear Leader a belated Happy Birthday


47 posted on 08/05/2011 6:03:21 PM PDT by LaybackLenny (All hail Her Royal Highness Sarah, Queen of The Hobbits)
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To: FlyVet

1. Bush left us this horrible economy.

2. We wouldn’t be in this mess if the Bush tax cuts weren’t enacted.

3. The GOP refuses to raise taxes which is the only way to balance the budget and pay off the debt.

4. The stimulus wasn’t nearly large enough.

5. We need higher taxes on fossil fuels.

6. The Tea Party is a bunch of terrorists.

7. The GOP wants babies to starve and grandmas to get sick and die. They also want to poison everyone with dirty air and water.

Did I leave anything out?


48 posted on 08/05/2011 6:04:18 PM PDT by randita (Obama - chains you can bereave in.)
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To: Christian Engineer Mass
The world is going downhill like an Olympic skier under bummer.

Photobucket
49 posted on 08/05/2011 6:04:25 PM PDT by ZX12R (FUBO GTFO 2012 !)
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To: GQuagmire

wow...thought October was the timeline...


50 posted on 08/05/2011 6:04:25 PM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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