Posted on 08/06/2011 7:57:29 AM PDT by KeyLargo
U.S. AAA credit rating DOWNGRADED for first time in history after Obama's debt deal
Unprecedented move will send shockwaves globally S&P cuts long-term credit rating from AAA to AA+ Borrowing costs for consumers and government to rise Comes after Obama signed bill to reduce fiscal deficit
By Daily Mail Reporter
Last updated at 1:08 PM on 6th August 2011
The U.S. has lost its top-notch AAA credit rating from Standard & Poor's in an unprecedented reversal of fortune for the world's largest economy.
S&P cut the long-term U.S. credit rating by one notch to AA+ on concerns about the government's budget deficits and rising debt burden.
The huge move is likely to raise borrowing costs eventually for the U.S. government, companies and consumers. Investor concern: S&P cut the long-term U.S. credit rating by one notch to AA+ on concerns about the government's budget deficits and debt burden
Investor concern: S&P cut the long-term U.S. credit rating by one notch to AA+ on concerns about the government's budget deficits and debt burden
‘The downgrade reflects our opinion that the fiscal consolidation plan (falls) short of what, in our view, would be necessary to stabilise the government's medium-term debt dynamics,’ an S&P spokesman said. What the downgrade means
(Excerpt) Read more at dailymail.co.uk ...
Hey in the end Obama had final say, he could have vetoed it, so it lays firmly and squarely at his door.
No, Boehner’s bill was Cut, Cap, BBAmmendment. This one had the fingerprints of Reid, Obama, McConell.
Go research all of the headlines of Obama CELEBRATING the debt Deal
It is Obama’s to own.
There will now be a challenger to Obama. If Obama gets to a podium and spouts his partisan hackery on Mon he may be impeached.
So who will be held accountable...
Thats the great thing about ducking leadership....the buck stops nowhere...
or better yet our Politician in chief will stop the buck at the door of his opponents...
No wonder America is on a trajectory of decline.
*public service* was not meant to be a career...!!!
“U.S. AAA credit rating DOWNGRADED for first time in history after Obama’s debt deal”
Yep, this is the first squawk from the golden goose as Bammy & Company eviscerate it to reach those last hard to reach golden eggs for one final round of redistribution before the goose gives up the ghost for good.
Thanks obama.............you stupid zipperhead. Who are you going to deflect this boner on?
I hope Speaker of the House John Boehner and senate minority leader Mitch McConnell are happy, they betrayed us and failed to do their duty for NOTHING!
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That is weird because going through the description it also sounds like the ghetto mentality of attacking anyone that tries to improve their lot in life by "acting too white". they are unable to break out of the ghetto because their own friends and relatives pull them back down.
He is getting his wish , taking us all downtonothing , so he can become. The king
Progressives ponder primary for Obama
By Michael Stone,
Democrat Examiner
Some progressives are pondering the wisdom of supporting a primary challenge to President Barack Obama.
Consider:
Friday the Daily Caller reported Ralph Nader is “almost 100 percent certain” Obama will face a primary challenger.
Last week members of the Progressive Caucus of the California Democratic Party (CDP) passed a resolution in support of a Democratic Party Presidential Primary challenge to President Obama.
Also last week, beloved progressive and Independent Senator Bernie Sanders suggested a primary challenge for Obama would be a good idea:
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