Posted on 08/05/2011 5:51:56 PM PDT by NormsRevenge
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 ...
First time in American History too..that’s hope and change for ya
Wow. We’re blazing new territory here, for sure.
Change?
We’ll see .. Hope so.
I say Geither resigns on Monday.
Hopey changey.
Raise the ceiling....raise the ceiling.....and everything will be fine...said Obama and team....
watchoosay. "hope" for America's mortal enemies.
I keep seeing conflicting headlines on this, though. S&P was supposed to "reconsider" just a few minutes ago.
The Administration already put out a disclaimer saying that it happened because of the lack of tax increases and the Tea Party. I guess the Tea Party is the new “Bush”. Everything up to the election will be their fault.
Fer sure, he's out, Corzine's in. That was a done deal a few days ago, I think.
We have mental midgets running this place!
Okay. Now we can stop fooling ourselves and start doing something about it.
The list, ping
Let me know if you would like to be on or off the ping list
Yep..everything is Bush’s fault..yet incidentally this did NOT happen when Bush was President..at the worst time in Bush’s Presidency this did not happen yet it happened on Obama’s watch..can someone explain to me since I am not very familiar with this at all, what does this exactly mean
Proof half the government and most of the bureaucracy have got to go. The Thoroughbred has been dragged down by its commie parasites for the first time in its history.
Doing some invitations to the hip hop birthday bash...plus, like the Dear Leader says: “markets go up, and then they go down”.
The list, ping
Let me know if you would like to be on or off the ping list
So who gets the AAA rating?
They did it on a Friday after the markets closed trying to mitigate any negative market reaction.
I’m sure we can spend our way right out of it...oh wait...
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