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  • Drowning in Red Ink -- Will America lose its triple-A credit rating?

    12/12/2009 3:11:38 PM PST · by reaganaut1 · 7 replies · 637+ views
    Weekly Standard ^ | December 12, 2009 | Irwin M. Stelzer
    It took the Obama administration less than a year to reduce the United States from the country with a currency that is considered a safe haven when international storms threaten, to one that is warned by a rating agency that unless it mends its profligate ways it will lose the triple-A credit rating it has had since U.S. government debt was first assessed in 1917. Who would have thought when Barack Obama took the oath of office some eleven months ago that Dubai World, Greece, the UK, and America would attract the attention of the rating agencies in the same...