U.S. loses AAA credit rating from S&P

Yahoo.com via Reuters ^ | 8/5/11 | Walter Brandimarte

[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

[luvie]

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.

[mojitojoe]

[mojitojoe]

BASTARD!

[TenthAmendmentChampion]

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!!

[nocommies]

why is it over the top? she’s right

[Tammy8]

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

[verity]

Hey, dipshit...why are you giving the democrat progressives a pass?

[TenthAmendmentChampion]

Blame the Republicans!!

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

[Tammy8]

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

[lonevoice]

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.

[sheikdetailfeather]

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

[Tammy8]

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.

[mojitojoe]

Thanks for nothing Boehner, damn crybaby sell out sob.

[tcrlaf]

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

[mojitojoe]

Damn right they are!

[Calliecat]

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.

[mware]

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.

[GOPJ]

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...

[right way right]

Huffinggluepuffenstuffpost. LOL

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

[fantom]

“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 .