Posted on 08/05/2011 5:51:21 PM PDT by GQuagmire
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 ...
Another milestone passed in the “long march” to an elitist Marxist state.
Though dead 30 years or so, KGB director Yuri Andropov remains the most influential man of the 21st century.
Then I assume you were born AFTER Carter left the WH...
About 2.5 years late!
We should therefore reciprocate, and remove an "A" from the president's name....we should now refer to him as Obam+
(Remember, Sarah is still in Alaska.)
Cheers!
You got links to that info? Trying to argue with people on CNN.
Historic, in all these 235 proud years of a great nation, built by strong, hard working and solid citizens! And all it took was 2-1/2 years under the stewardship of a radical socialist, anti-American chief executive.
Beyond devastating, and recklessly/purposely engineered by our mister (p)resident alien. There's not a hot and miserable enough place ...
End this madness .. God bless and protect America!
To Camp David
Obama departs for weekend
###
President Obama has left the White House for Camp David.
The pool reports Obama left the West Wing around 3:40 p.m., waving to a crowd as he boarded his helicopter. Valerie Jarrett, Reggie Love and Pete Souza are tagging along.
http://www.politico.com/politico44/perm/0811/to_camp_david_40871a30-80b2-40e9-b5ae-5c0b41cf2ab4.html
Wall street crash Monday!
Next week is going to be rocky, to say the least.
That explains why the market plunged yesterday...a day ahead of the announcement. Cheaters.
It is going to take strength and resolve to undo what this
moron has done to our beloved America.
We had BETTER have strong stomachs for the next 1 1/2 years and not BLINK...like our congress pets did!
I thought this week’s “deal” was supposed to prevent that from happening. Oh yeah, just like the stimulus package was supposed to create “shovel ready” jobs, and the GM and Chrysler bailouts were supposed to save the American Auto Industry. How come all the programs are sold to us in a panic, never live up to the promised standards, and yet, everybody is always surprised by the outcomes?
When you become heavily indebted, as we are, you have to expect your economic and political status to sink. It’s happened before, most notably to the European nations.
You are absolutely correct. There are no secrets within the gang of power-mongers.
Looks like I will never retire.
Canada, France, Germany and the United Kingdom = AAA rating
New Zealand, Belgium = AA+ rating
Bermuda, Spain, and Qatar= AA Rating
And Laura “Inside-the-Beltway” Ingraham said this was a huge win for the GOP when they did nothing to stop the increase of the Debt limit. Laura said: “We need to take what we can get...this is a victory for the GOP and country...”
Hey Laura...we’re not going to forget you slamming the Tea Party and our stand against raising the debt limit.
Fu*k you: Boehner, McConnell, and all the other GOP POS who could’ve prevented this by pushing CCB!
I am pretty sure she did not expect this information to be dumped on a Friday night.
Think I am going to try and ride out the storm.
While the Democrats (not just Obama) carry the lion's share of the blame, there have been a lot of Republicans who didn't have the courage to make a stand on this issue, and have looked the other way over the years.
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