Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. loses AAA credit rating from S&P
Yahoo.com via Reuters ^ | 8/5/11 | Walter Brandimarte

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 ...


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: 0bamaonthedownlow; 0bamathewhoreondrugs; 112th; aa; aaplus; affirmactionplus; barack0onthedownlow; barackonthedownlow; barackoonthedownlow; barrymaddog; barryonthedownlow; congress; creditrating; cutcapbalance; debt; debtceiling; debtlimit; democrats; downgrade; economy; electioni2012; failure; ftp; geithner; hopeychangey; husseinonthedownlow; iatz; ibtz; nobama2012; obama; obama2ff; obamanomics; obamaonthedownlow; rating; ratingservices; socialism; soros; spookydude; standardpoors; taxandspend; treasury; triplea; turbotaxtimmy; usa2aa; yourtaxdollarsatwork; zot; zotmania
Navigation: use the links below to view more comments.
first previous 1-20 ... 221-240241-260261-280 ... 401-410 next last
To: mware

It would be the best thing to do. My son always says when
the stock market goes down that “now it’s on sale and it
will help him in the long run”....and I think he’s right!

If you aren’t already retired and having to USE that money
that has melted away.


241 posted on 08/05/2011 8:44:55 PM PDT by luvie (RUN, SARAH....R U N!!)
[ Post Reply | Private Reply | To 238 | View Replies]

To: Reagan69
Photobucket
242 posted on 08/05/2011 8:45:04 PM PDT by mojitojoe ( 1400 years of existence & Islam has 2 main accomplishments, psychotic violence and goat curry)
[ Post Reply | Private Reply | To 33 | View Replies]

To: varyouga
BASTARD!Photobucket
243 posted on 08/05/2011 8:46:10 PM PDT by mojitojoe ( 1400 years of existence & Islam has 2 main accomplishments, psychotic violence and goat curry)
[ Post Reply | Private Reply | To 54 | View Replies]

To: GQuagmire
Quote from AP:

Credit rating agency Standard & Poor’s on Friday downgraded the nation’s rating for the first time since the U.S. won the top ranking in 1917. The move came after Congress haggled over budget cuts and the nation’s borrowing limit — and failed to cut enough government spending to satisfy S&P. The issue has contributed to convulsions in financial markets.

It’s the spending stupid!!

244 posted on 08/05/2011 8:46:24 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: who knows what evil?

why is it over the top? she’s right


245 posted on 08/05/2011 8:47:29 PM PDT by nocommies
[ Post Reply | Private Reply | To 205 | View Replies]

To: randita

8. We need more illegals, they are good for the economy.


246 posted on 08/05/2011 8:48:37 PM PDT by Tammy8 (~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
[ Post Reply | Private Reply | To 48 | View Replies]

To: Artcore
Hey, dipshit...why are you giving the democrat progressives a pass?
247 posted on 08/05/2011 8:49:31 PM PDT by verity (The Obama Administration is a Criminal Enterprise.)
[ Post Reply | Private Reply | To 237 | View Replies]

To: SteveH
Blame the Republicans!!

That's what the brain dead commenters at the LA Times all said.

248 posted on 08/05/2011 8:49:44 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: ken5050

Someone should figure out how to use that in a campaign, that is really good.


249 posted on 08/05/2011 8:50:49 PM PDT by Tammy8 (~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
[ Post Reply | Private Reply | To 224 | View Replies]

To: cranked
Did I miss any? =.=

I heard someone on Fox News, I think it was Cavuto, saying that the Administration is going to blame Boehner for walking away...twice!...from the "Grand Deal" Ozero wanted.

250 posted on 08/05/2011 8:51:23 PM PDT by lonevoice (schizophrenic hostage taking hobbit terrorist)
[ Post Reply | Private Reply | To 185 | View Replies]

To: TenthAmendmentChampion

Huffingtonpost blames the tea party...I just checked...


251 posted on 08/05/2011 8:55:16 PM PDT by sheikdetailfeather ("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
[ Post Reply | Private Reply | To 248 | View Replies]

To: mware

At this point I don’t really think it matters where your money is...even in a mattress it is just not worth a lot. My money is in beef, chickens, things I can eat if they don’t bring money...I still don’t feel secure.


252 posted on 08/05/2011 8:55:24 PM PDT by Tammy8 (~Secure the border and deport all illegals- do it now! ~ Support our Troops!~)
[ Post Reply | Private Reply | To 238 | View Replies]

To: NoLibZone

Thanks for nothing Boehner, damn crybaby sell out sob.


253 posted on 08/05/2011 8:55:32 PM PDT by mojitojoe ( 1400 years of existence & Islam has 2 main accomplishments, psychotic violence and goat curry)
[ Post Reply | Private Reply | To 70 | View Replies]

To: GQuagmire

Local TV News at 11PM (WISHTV-8 CBS) did NOT EVEN MENTION THIS.....


254 posted on 08/05/2011 8:55:54 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jim Robinson

Damn right they are!


255 posted on 08/05/2011 8:56:37 PM PDT by mojitojoe ( 1400 years of existence & Islam has 2 main accomplishments, psychotic violence and goat curry)
[ Post Reply | Private Reply | To 75 | View Replies]

To: Mad Dawgg
However the Lame Stream Media will lay the blame at the feet of the Tea Party.

It has already started on CNN. Ali Veishi is going with that narrative, which I think is completely irresponsible. CNN will push this ad nauseum, and I hope they don't whip people into such a frenzy that conservatives are targets for violence. I'm sickened that a news organization would be so quick to scapegoat, although it's no surprise. I've grown to despise that network.

256 posted on 08/05/2011 9:00:12 PM PDT by Calliecat
[ Post Reply | Private Reply | To 204 | View Replies]

To: LUV W
No, still three years before I retire.

The money invested is part of an inheritance from my brothers death.

I do have a 401B that I have put into for 20years now.

That one falls through I will be teaching until I'm 70.

257 posted on 08/05/2011 9:02:02 PM PDT by mware (By all that you hold dear on this good earth, I bid you stand, Men of the Wes)
[ Post Reply | Private Reply | To 241 | View Replies]

To: CSI007
I am pretty sure we are totally screwed and the end is probably closer then we all would like.

I thought corrupt dems would sell out the country to keep things together until the election...

Seems you're right, we're screwed...

258 posted on 08/05/2011 9:03:03 PM PDT by GOPJ (This “wussification” of America is an on-going phenomenon.- freeper rokkitapps)
[ Post Reply | Private Reply | To 24 | View Replies]

To: sheikdetailfeather

Huffinggluepuffenstuffpost. LOL

Was that where FTA127 came from?
Anyone else get spammed? (He gone now)


259 posted on 08/05/2011 9:05:08 PM PDT by right way right (Put down the remote, and vote!)
[ Post Reply | Private Reply | To 251 | View Replies]

To: Calliecat
“However the Lame Stream Media will lay the blame at the feet of the Tea Party”. So What ? This problem is much bigger than idiots on TV and radio pushing blame around. The American people have a wake up call. The blame game is a lame game. Except for the political junkies , no one cares what the talking heads say . It is way to late for that .
260 posted on 08/05/2011 9:06:04 PM PDT by fantom (,)
[ Post Reply | Private Reply | To 256 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 221-240241-260261-280 ... 401-410 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson