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US Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative
Standard & Poor's ^ | August 5 2011 | S & P

Posted on 08/05/2011 6:52:37 PM PDT by NoLibZone



TOPICS: Business/Economy; Culture/Society; Extended News
KEYWORDS: 882011; bondcollapse; currencywar; debt; downgrade; economy; lowdollar; monday; monday88; monday882011; mondayaugust8; ratings; ratingsdowngrade; tradewar
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To: tsowellfan

61 posted on 08/05/2011 7:29:22 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Mad Dawgg
Which will immediately be spun around and blamed on the Tea Party by the Lame Stream Media...

Yup, MSM is already blaming the Tea Party. Claiming that Hussein wanted a bigger deal and nasty conservatives blocked the needed revenue increases.

62 posted on 08/05/2011 7:32:04 PM PDT by Longbow1969
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To: therut

Yeah, I have a fixed loan. Definitely more inclined not to move in the near future since I would have to get a new loan though.


63 posted on 08/05/2011 7:32:04 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Minn

In the best scenario all that gold can do is partially hold your wealth through a very tough economic time - and that is only if you hold it pyhsically. In the mean time you’ll still have to deal with every day life in a severe global depression just like everyone else. Do you really think you’ll be able to cruise on down to the local grocery store and exchange some gold for bread when everyone else is starving? Do you think the grocery store will put up a sign that says, “Only gold accepted”? Only a stupid fool would walk into a grocery store with gold in their pocket when the masses are starving. It’s never going to happen. And in the coming scenario I would never trade my guns, ammo, food, clothing, etc., for gold. Would you?


64 posted on 08/05/2011 7:33:33 PM PDT by 3boysdad (The very elect.)
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To: B4Ranch; unkus

Here we go...


65 posted on 08/05/2011 7:35:24 PM PDT by JDoutrider
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To: NoLibZone
S&P really seems to want new taxes:

We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues...

...if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal consolidation measures beyond the minimum mandated...


66 posted on 08/05/2011 7:36:06 PM PDT by Yardstick
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To: Windflier

S&P is clearly recommending a “balanced approach”, which is Obama’s position. This report helps Obama.


67 posted on 08/05/2011 7:39:15 PM PDT by Yardstick
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To: _a_0_0_
"We were handling it until January 20, 2009."

Sorry but I have to call BULLSHIT on this one.

We were in a boat headed down river towards Niagara Falls at Half Speed. The only difference the Democrats and Obama made was to run the engines up to flank speed.

We would have got to this same conclusion with the likes of John McCain and the big spending RINOs. Just not as fast.

68 posted on 08/05/2011 7:40:02 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: JDoutrider

Here we go...


Yep.


69 posted on 08/05/2011 7:40:34 PM PDT by unkus (Silence Is Consent)
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To: vox_freedom

Just like his wife, the both of them cannot handle the big stick. They even screw up their own raping of each other.

They cry and they moan, angry at those who can do. Watch us succeed from this one and the rage bleating in their eyes. It’s what the liberals want to deny us now, to fix it.

And the RINOs are all too willing to oblige, with their little butt hurt tears.

I cannot wait to see them feel like the bigotted words and terms and distortions of words they labeled us, in this pathetic fit of blasphemers.

Congress is possessed by the Temple of Doom


70 posted on 08/05/2011 7:40:37 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: _a_0_0_
Obama spent the last 2 weeks negotiating the US bond rate down. His job, on that front, is considered a victory by the obamaites. Now the spiral downward accellerates. Interest rates will rise on Monday. Fewer cars, fewer homes, fewer all commodities will be bought....all will result in accellerating the unemployment rates. Prices will rise. Loans will dryup. Callable loans may well be called resulting in more and more bankruptsies. More unemployment means more human mysery, tragedy, and difficulties. There is nothing good to come from this event. Extricating ourselves from this circumstance will become increasingly difficult, made even more difficult by a feckless president, a craven congress, and the entitlement community, now represented by 44.4% of the 340 million people living in this country.

Gird your loins, Freepers. This is an economic nuclear detonation which may well relegate this country to the likes of Greece and Italy.

The states will fairly quickly follow over the next year....when the welfare checks fail to be mailed or fail to clear....our city streets will swell with malcontents and those requiring of the producers of this country that they pay for their needs.

This nation shall be in travail, with leadership without a clue how to deal with this mess. Their menu of choices, by definition, is filled with only wrong choices. It cannot fathom the idea of free market ideals creating the truth of profit for success and the failure of those individuals who fail to do so. Therefore

71 posted on 08/05/2011 7:41:19 PM PDT by Texas Songwriter (Haw)
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To: Windflier

Yeah, they behave like the girl who is short and has an image problem, always attacking beautiful girls, angry and spiteful. US health hurts them. They do not feel part of it, or they are so gloomy and doomy drunks, they cannot see further than their noses.


72 posted on 08/05/2011 7:44:04 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: NoLibZone
The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

You . . . you . . . you mean raising our own credit line wasn't the magic wand that would save our credit rating? That it was all about how much debt we were taking on compared to our income? . . . Like the credit rating of an ordinary man or a private company? You mean there isn't a special reality for governments, not even special, socialist Unicorn ones?

Somebody better phone the White House. They need to hear about this. And I wonder why S & P dropped this on a Friday night, when nobody watches the news.

73 posted on 08/05/2011 7:44:19 PM PDT by SamuraiScot
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To: therut

Wow times have changed. Bernanke may have other thoughts.


74 posted on 08/05/2011 7:49:50 PM PDT by Orange1998
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To: NoLibZone

The only thing that will help the U.S. now is for Obama to resign. That would immediately boost the markets. Obama is a total and complete disaster.


75 posted on 08/05/2011 7:49:57 PM PDT by RichardW
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To: Yardstick

The options are more taxes or cut spending to make s&P happy.

I chose cut spending.

The entire planet would like nothing better than for the US to take or current debt x 10.

They don’t have to repay it.


76 posted on 08/05/2011 7:50:15 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: KoRn
This can't be possible per this tweet.[sarcs]

@zerohedge zerohedge No S&P downgrade rumor 12 hours ago via TweetDeck

77 posted on 08/05/2011 7:52:33 PM PDT by Orange1998
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To: NoLibZone

Message to these azzhats: Please resign. You SUCK.

78 posted on 08/05/2011 7:53:02 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bailout)
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To: JudgemAll
Yeah, they behave like the girl who is short and has an image problem, always attacking beautiful girls, angry and spiteful. US health hurts them. They do not feel part of it, or they are so gloomy and doomy drunks, they cannot see further than their noses.

Perfect description of your typical liberal Democrat.

79 posted on 08/05/2011 7:53:34 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Yardstick
"S&P is clearly recommending a “balanced approach”, which is Obama’s position. This report helps Obama.

Well maybe and it will be spun that way by liberals but what plan did Obama have on the Table? Do you have a link to an Obama or even a Senate proposal? His budget (increasing spending by 10 trillion over 10 years) couldn't even get one Senate vote.

None of these people are serious.

80 posted on 08/05/2011 7:55:14 PM PDT by WHBates
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