[MeneMeneTekelUpharsin]

And with that news, bank stocks RISE? What in God’s name? The entire financial system is totally corrupt. Absolutely NO doubt after all of the recent events and news. If a Republican were president, the markets would crash on that news.

[mrsmith]

http://www.usatoday.com/story/money/business/2013/01/15/fitch-downgrade-us/1835385/
“fundamental credit strengths are being eroded by the large, albeit steadily declining, structural budget deficit and high and rising public debt.”

If by ‘albeit steadily declining’ they mean ‘maybe barely perceptibly declining’ that’s pretty accurate.

[Mich Patriot]

Hmmm...If the US Govt was a corporation wanting to issue bonds, I wonder what its credit rating would be? They would have to extend the ratings scale to include ‘ZZZ’.

[indthkr]

economics bump for later....

[ExTxMarine]

So, if I am reading this correctly, Fitch says that our Dear Reader is an effing IDIOT who will personally cause the downgrade if he refuses to seriously consider actual budget CUTS - not decreased increases in spending!

Good, make sure that you pronounce that loud and proud to everyone:

President Obama's refusal to seriously consider budget cuts will result in a Fitch downgrade!

[sickoflibs]

So what?

Didnt interest rates go DOWN after the first downgrade?

[AFPhys]

I downgraded the US debt long ago. That Fitch has not yet done so is either their incompetence, or a measure of the comparative horrible options for investing in the world market.

[shalom aleichem]

Holder will file suit against Fitch in 5...4...3...2...

Just like Moody’s