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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
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To: GQuagmire

It is a crisis!

Blame the Republicans!!

The federal government needs to expand programs to jumpstart the economy and to that end, borrow more money!!!


21 posted on 08/05/2011 5:56:27 PM PDT by SteveH (First they ignore you. Then they laugh at you. Then they fight you. Then you win.)
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To: GQuagmire

22 posted on 08/05/2011 5:56:36 PM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: GQuagmire
obamma knew about this all day. This is why we have all these news drops earlier today about the possibilty of a downgrade. obamma knew long before the annoucement.

Funny, the S&P dumped it on a Friday Evening, perfect for the RATS to scurry for cover over the weekend and get their misleading talking points in order come Monday.

23 posted on 08/05/2011 5:56:36 PM PDT by rawhide
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To: GQuagmire

And people said Glenn Beck was crazy....

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


24 posted on 08/05/2011 5:56:50 PM PDT by CSI007
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To: GQuagmire
Of course, it's Bush's fault.
25 posted on 08/05/2011 5:56:50 PM PDT by crazyhorse691 (Obama is just the symptom of what is destroying the U.S.)
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To: GQuagmire

Bush’s fault!


26 posted on 08/05/2011 5:56:51 PM PDT by VRW Conspirator (Obama takes office, and 2 years later our nation is using the word 'default'? -HereInTheHeartland)
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To: GQuagmire
Is this what he meant by


27 posted on 08/05/2011 5:57:05 PM PDT by McGruff (I am Sarah Palin)
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To: GQuagmire

Unprecedented! Unexpected!


28 posted on 08/05/2011 5:57:26 PM PDT by RKBA Democrat (Boehner resign!)
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To: GQuagmire

NO MORE DEBT or sell out RINO Republicans!


29 posted on 08/05/2011 5:57:44 PM PDT by Gipper08 (www.travishankins.com...a real CONSERVATIVE)
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To: GQuagmire

LOL at yesterday’s NYT story “business want an AA rating or they borrow too much - AAA is overrated”


30 posted on 08/05/2011 5:58:24 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: FlyVet

How are they gonna spin it? You’re kidding, right? Here’s a hint. “Bush’s/Tea Pary fault.” And, no, I am not Nostradamus or one of Dionne Warwick’s psychic friends.


31 posted on 08/05/2011 5:58:24 PM PDT by Doctor 2Brains (If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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To: GQuagmire

Has he blamed Bush yet?


32 posted on 08/05/2011 5:58:32 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: GQuagmire

Seriously, can we just freakin IMPEACH this b-stard NOW !!!


33 posted on 08/05/2011 5:58:47 PM PDT by Reagan69 (First they came for Sarah Palin and conservatives said nothing...)
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To: GQuagmire
The world is going downhill like an Olympic skier under bummer.
34 posted on 08/05/2011 5:59:28 PM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
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To: GQuagmire

Looks like reality just happened again.

So I guess Reid will be blaming the Tea Party for this too?


35 posted on 08/05/2011 5:59:46 PM PDT by Aglooka ("I was out numbered 5-to-1, I got 4.")
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To: GQuagmire

Hope & change!!

Republicans will be blamed. Good thing they caved and raised the debt limit.


36 posted on 08/05/2011 6:00:24 PM PDT by KansasGirl
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To: Gipper08

At this point they all know it’s too late. Of course, they and all their families and staff are set for the long haul.


37 posted on 08/05/2011 6:00:24 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: GQuagmire

Hope & change!!

Republicans will be blamed. Good thing they caved and raised the debt limit.


38 posted on 08/05/2011 6:00:33 PM PDT by KansasGirl
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To: twister881

S&P and Moody’s were raided by the Italian police. That was a clear message..they had to downgrade, but they will say if was due to lack of agreement on what to do about the debt..not the level of the debt. They are hostages of the Govt’s. The real downgrade came with QE2 when the Fed became the purchaser of last resort..and will start doing more of the same.


39 posted on 08/05/2011 6:00:38 PM PDT by Oldexpat
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To: conservaterian

No, I think not.

I’ll be putting the blame on generations of politicians that have spent us so far beyond our means this economy risks collapsing from Obma, to Bush and on down the line from Reid to McConnell to Frist and to Daschle from Pelosi to Boehner and you get the picture. I’ll also lay it straight on the heads of Americans that accepted this debt as a good idea because all of those “freebies” just had to keep coming to them. I’ll put it on the heads of those that accepted our credit rather then cutting our damn credit cards up decades ago.

Hoever I fully expect the DC statists to say it’s our fault because we dared to make the world aware that um....we don’t have the money to pay our debt and our politicians are addicted to thise credit cards. See we’re to blame for pointing out their addiction and the natural consequence of that addiction even though we aren’t the ones SPENDING US INTO COLLAPSE!!


40 posted on 08/05/2011 6:00:38 PM PDT by Soul Seeker ( I was there when we had the numbers, but didnÂ’t have the pThey may feel bettrinciples.---Jim DeMin)
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