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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
To: GQuagmire
2
posted on
08/05/2011 5:52:17 PM PDT
by
OwenKellogg
(It's time for a Tea Party Senate.)
To: GQuagmire
3
posted on
08/05/2011 5:52:33 PM PDT
by
Delta 21
(Make your choice ! There are NO civilians.)
To: GQuagmire
4
posted on
08/05/2011 5:52:38 PM PDT
by
Rudder
(The Main Stream Media is Our Enemy---get used to it.)
To: OwenKellogg
5
posted on
08/05/2011 5:53:01 PM PDT
by
barmag25
To: OwenKellogg
To: Rudder
0 is pleased. As is his puppet master, George Soros.
To: GQuagmire
8
posted on
08/05/2011 5:53:30 PM PDT
by
tutstar
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.)
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.)
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
To: GQuagmire
Even S&P can’t defend this scam any longer...
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)
To: tutstar
This is a good thing, we can put it all on Obama’s shoulders.
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.
To: conservaterian
This is NOT a good thing.
To: GQuagmire
Friday night news dump. While you were at Happy Hour.....
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.)
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
To: GQuagmire
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