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Breaking News! S&P downgrade US Credit Rating from AAA to AA+ !

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posted on Aug, 5 2011 @ 09:31 PM
S&P Report

Research Update: United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising
Debt Burden; Outlook Negative

"The political brinksmanship of recent months highlights what we see as
America's governance and policymaking becoming less stable, less effective,
and less predictable than what we previously believed. The statutory debt
ceiling and the threat of default have become political bargaining chips in
the debate over fiscal policy. Despite this year's wide-ranging debate, in our
view, the differences between political parties have proven to be
extraordinarily difficult to bridge, and, as we see it, the resulting
agreement fell well short of the comprehensive fiscal consolidation program
that some proponents had envisaged until quite recently."...

"Our opinion is that elected officials remain wary of tackling the
structural issues required to effectively address the rising U.S. public debt
burden in a manner consistent with a 'AAA' rating and with 'AAA' rated
sovereign peers"...

"A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by
then, the government debt burden will likely be higher, the needed medium-term
fiscal adjustment potentially greater, and the inflection point on the U.S.
population's demographics and other age-related spending drivers closer at

So, basically, the children are more concerned with being reelected than they are with the fiscal future of their country. And, the idiots in the media hyping all this stupidity and fearmongering just made matters worse.

posted on Aug, 5 2011 @ 09:42 PM
Credit Rating? Do you really think the president and congress care about you and me and our country when to get elected they spend money on pork belly projects and special interests groups to get elected? ^Y^

posted on Aug, 5 2011 @ 09:52 PM
This is the beginning ....

.... of the End!

US debt is over 100% GDP ... the US cannot and will not ever manage to bring it's debt under control.

The government will default and go bankrupt as will Europe ... its been the plan all along ... don't act surprised.

edit on 5-8-2011 by MegaMind because: (no reason given)

edit on 5-8-2011 by MegaMind because: (no reason given)

posted on Aug, 5 2011 @ 09:56 PM
Or if you prefer a real time ticker.

This is the one that makes it all clear.

edit on 5-8-2011 by guessing because: (no reason given)

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