U.S. loses AAA credit rating from S&P

Yahoo.com via Reuters ^ | 8/5/11 | Walter Brandimarte

[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

[SteveH]

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!!!

[AAABEST]

[rawhide]

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.

[CSI007]

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.

[crazyhorse691]

Of course, it's Bush's fault.

[VRW Conspirator]

Bush’s fault!

[McGruff]

Is this what he meant by

[RKBA Democrat]

Unprecedented! Unexpected!

[Gipper08]

NO MORE DEBT or sell out RINO Republicans!

[Christian Engineer Mass]

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

[Doctor 2Brains]

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.

[Hoodat]

Has he blamed Bush yet?

[Reagan69]

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

[Christian Engineer Mass]

The world is going downhill like an Olympic skier under bummer.

[Aglooka]

Looks like reality just happened again.

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

[KansasGirl]

Hope & change!!

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

[Terry Mross]

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.

[KansasGirl]

Hope & change!!

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

[Oldexpat]

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.

[Soul Seeker]

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!!