US Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative

Standard & Poor's ^ | August 5 2011 | S & P

[WorkerbeeCitizen]

the real test of this is gunna be Monday morning, if you can afford bead, buy it

[GOPJ]

I fear it means interest rates on everything will be going up... Also if we have to pay more interest on the debt, there's less for paying off the principle - or paying for the military, social security etc.

Dems have bankrupted the nation - paying off every victim group they've got that votes their way...

[Vermont Lt]

If you have an ARM, go out and buy Vasaline stock.

[Gator113]

I think you’re a TROLL.

The treasonist democrats have owned this since 2006, fool.

[GOPJ]

I’ve got a link with Farber saying almost the same... I’ll see if I can get it.

[Vermont Lt]

They will get out of this the way they always have: get into a scape somewhere, start the draft, cull the herd, and cancel debts.

The world will be a very different place in 2020.

[rwfromkansas]

Fixed luckily.

[GOPJ]

http://www.freerepublic.com/focus/f-news/2758959/posts

Marc Faber

[GeronL]

I heard that China railway is more than $300+ Billion in debt, they built big empty cities to nowhere as “stimulus”. We know where that goes.

[Clive]

From the press release:

When comparing the U.S. to sovereigns with 'AAA' long-term ratings that we view as relevant peers--Canada, France, Germany, and the U.K.--we also observe, based on our base case scenarios for each, that the trajectory of the U.S.'s net public debt is diverging from the others. Including the U.S., we estimate that these five sovereigns will have net general government debt to GDP ratios this year ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%. By 2015, we project that their net public debt to GDP ratios will range between 30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at 79%. However, in contrast with the U.S., we project that the net public debt burdens of these other sovereigns will begin to decline, either before or by 2015.

[GeronL]

He’s seems smart. :P

[GeronL]

We were handling it until January 20, 2009

If the economy is growing, we could take those $400 billion deficits. When the eonomy is falling we can't take trillion and a half deficits for sure.

[T. Buzzard Trueblood]

YES WE CAAN! YES WE CAAN! YES WE CAAN!

[Rembrandt]

“Don’t forget Bush, Clinton, Bush, etc. All the way back.

We didn’t get here over night.”

The buck stops (gets lowered) here on The Messiah’s desk. His name will be attached in the history books, maybe not in the herstory books.

[NoLibZone]

"Remember, during the debt ceiling fight, S&P warned that there was a 50/50 chance of a downgrade if spending weren't cut by at least $4 trillion dollars."

HERE

"Remember, during the debt ceiling fight, S&P warned that there was a 50/50 chance of a downgrade if spending weren't cut by at least $4 trillion dollars."

HERE

[GreatMan]

I’m worrying about the price of lead.

[Sequoyah101]

It does not matter that we did not get here over night. There is enough blame to go around but the last 2-1/2 years has been the straw that finally broke the camel’s back.

What matters is that we are here and this mess has to be fixed. The spending has to stop and it will hurt.

The party is over. One way or another, it is over.

[okie01]

"It does not matter that we did not get here over night. There is enough blame to go around but the last 2-1/2 years has been the (bale of) straw that finally broke the camel’s back."

[Rembrandt]

“the real test of this is gunna be Monday morning, if you can afford bead, buy it..”

Maybe I will but how big is a bead, what does a bead cost and what does one do with a bead?

[not2worry]

How about Down the Drain —————> DrainO