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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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To: Jean S
NO..we have never lost our rating
61
posted on
08/05/2011 6:06:06 PM PDT
by
EBH
(God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
To: GQuagmire
Here comes QE3. I bet that is why we were downgraded, as that S&P is forcasting QE3, and that this will be 3-5x the size of QE2.
62
posted on
08/05/2011 6:07:05 PM PDT
by
Thunder90
(Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
To: randita
Yeah, the racist tea party terrorists are holding the USA hostage!
63
posted on
08/05/2011 6:07:14 PM PDT
by
Jim Robinson
(Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
To: rawhide
64
posted on
08/05/2011 6:10:18 PM PDT
by
mitch5501
(My guitar wants to kill your momma!)
To: Recovering_Democrat
Carter is smiling brightly today. Happy days are here again!
65
posted on
08/05/2011 6:11:03 PM PDT
by
Jim Robinson
(Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
To: GQuagmire
The Obama disaster continues. Who will the media blame?
66
posted on
08/05/2011 6:12:04 PM PDT
by
Shqipo
(I am the unofficial originator of the Mega-Bump! Only use judiciously.)
To: GQuagmire
Part of Obama’s legacy. Thank you liberals.
67
posted on
08/05/2011 6:12:28 PM PDT
by
South40
(Liberalism is a disease)
Comment #68 Removed by Moderator
To: OwenKellogg
To: GQuagmire
Standard & Poor's had warned that the nation's credit rating would be subject to a downgrade without a credible deficit-reduction package worth $4 trillion over 10 years. The package agreed to by congressional negotiators falls well short of that mark. MSNBC
70
posted on
08/05/2011 6:13:09 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: Jim Robinson
"The democrats will double and redouble their efforts to RAISE taxes. Never let a crisis go to waste...
To: MissyMa
Statement from S&P parsels blame evenly between Dems & Rs, entitlements and taxes.Then S&P is doing a favor for the Dems, because tax revenue as a percentage of GDP has remained pretty constant while spending has exploded. That means taxes aren't the problem, spending is. If S&P is being "evenhanded", then it is being biased.
To: GQuagmire
73
posted on
08/05/2011 6:13:54 PM PDT
by
NoLibZone
(Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
To: Jim Robinson
And us tea party terrorists also have to suppress pointing out that S&P is one of the rating agencies that gave AAA credit ratings to bogus collateralized mortgage obligations that helped cause our current economic mess. And then they try to approach our current crisis in a “balanced” way. FU S&P. FUBO.
To: varyouga
FUBO! FUMMc! FUJB!! Idiots, all!
75
posted on
08/05/2011 6:14:25 PM PDT
by
Jim Robinson
(Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
To: AAABEST
We knew that the Obama regime was going to be bad, but I was hoping that it wouldn’t be this bad...
To: GQuagmire
The US is in a free fall and Zero is hosting 30 grand per plate dinners and doing the electric slide with liberal brain-dead elites over hip hop and pork ribs.
77
posted on
08/05/2011 6:14:57 PM PDT
by
mandaladon
(PalinGenesis)
To: Jim Robinson
I knew I shoulda pulled out last week. Ah well, there is a small bit left.
Not really up on the acronyms though. A little help, please??? ;-)
78
posted on
08/05/2011 6:16:09 PM PDT
by
bigheadfred
("I consulted all the sages I could find in yellow pages but there aren't many of them")
To: bigheadfred
I think that would be, Obama,McConnel and John Boehner
79
posted on
08/05/2011 6:18:04 PM PDT
by
tapatio
(In memory of my Dad 5-27-26 2-4-2010)
To: KansasGirl
The GOP was supposed to be the opposition party to reckless spending. We expected the Left to run everything into the ground as they have a long history of doing that. Everyone knows socialism is guarenteed to crash into massive poverty.
Way to go Rinos! You saved the day from the extremist hobbits who wanted to cut spending rather than raise the debt ceiling! I bet the Rinos are not so full of their nasty selves today.
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