Posted on 10/15/2013 2:55:33 PM PDT by Oldeconomybuyer
Fitch Ratings on Tuesday put the U.S. AAA credit rating on watch for a potential downgrade because of the standoff over raising the nation's debt limit.
The company said it still believed the debt limit would be raised soon, but the "political brinkmanship" was risking a default.
(Excerpt) Read more at latimes.com ...
“Fitch, this is Harry. Pull the trigger.”
It does not include enuf to pay for increased spending and Obamacare.
Imagine the credit rating a bank would give a guy with huge debts, ongoing deficit spending and a future of unfunded huge liabilities that already dwarf his recorded debt.
Actually, Fitch is right but for the wrong reasons - they just hate to state the real reasons. Not politically correct.
The problem is that the Democrats want to keep spending without regard to the debt. That is what is causing the credit problems. Of course the Democrats and Media will spin it there way - it is all because of the current budget impasse.
This (downgrade) was forced at the threat of criminal prosecution for mortgage-related misrating fraud by Fitch. Dems calling in favors....under threat.
Who is fitch,and why should I care?
If they are thinking of a rating downgrade based on not raising the debt limit, think of the REALLY BIG Downgrade that would be in order by raising it, and allowing DC to go into hock even more than it is, increasing the $16 T debt.
Abercrombie’s boyfriend.
Harry Reid knew this was coming how? On the same day Obama was pressuring CEOs to put pressure on the Republicans.
Okay. They are thinking of downgradng the credit rating due to the shutdown, but spending trillions of dollars and going into debt seems to have no effect.
Can someone explain that to me???
More of the left’s minions doing their required boot licking/sound bite provisions. That’s who Fitch is.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.