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S&P downgrades U.S. credit rating from AAA
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http://www.usatoday.com/money/econo...es-credit_n.htm
"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."
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| Comrade Stalin |
| It's well-deserved. I'm buying market in appropriate increments with a contrarian view. |
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| Groundhog Boy |
From S&P's press release:
"S&P also cited dysfunctional policymaking in Washington as a factor in the downgrade. 'The effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges.'" |
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| OrangestO |
| quote: | Originally posted by Groundhog Boy
From S&P's press release:
"S&P also cited dysfunctional policymaking in Washington as a factor in the downgrade. 'The effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges.'" |
No .
EDIT: the puppets, and the puppeteers. Our government is so blinded by its self serving self-interest that its run the country into an economic downfall. This is the first STEEP step in that descent down. Get ready, Americans. This has nothing to do with a president, and has everything to do with our government structure as a whole. Mide as well be on a field playing dodgeball with bags full of money. |
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| Zharen |
| Burn baby burn. :disbelief |
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| aNYthing |
I think you're forgetting who's actuallynleft holding the bag... It's the taxpayers. It's not like these fukers will start spending less... it will just cost us more to continue running this country into the ground.
Disgusted by nearly every single one of these jizzbags. |
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| OrangestO |
| quote: | Originally posted by aNYthing
I think you're forgetting who's actuallynleft holding the bag... |
We're only holding the bag because the "suits" threw it at us.
Remember dodgeball?
You get hit, and have to stand behind the opposite team to catch a passing ball and hit a player. We're forced out of the game only to try to catch these bags and hit government officials with the responsibility of fixing this. Won't happen, not as split as these puppets continue to be.
it, though. My dual citizenship is looking better and better everyday. Viva Canada! |
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| jester |
| quote: | Originally posted by OrangestO
it, though. My dual citizenship is looking better and better everyday. Viva Canada! |
Just remember you are still stuck paying Uncle Sam if you do not give up your US citizenship ;) |
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| The17sss |
Our wonderful Treasury Secretary (who cheated on his personal taxes and blamed it on a Turbo Tax computer error) was just saying in April, "absolutely no risk of the U.S. losing it's AAA credit rating."
We are in the very best of hands.
LINK: http://twitter.com/#!/dmoon/statuses/99648341482274816 |
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| Zharen |
| quote: | Originally posted by The17sss
Our wonderful Treasury Secretary (who cheated on his personal taxes and blamed it on a Turbo Tax computer error) saying in April, "absolutely no risk of the U.S. losing it's AAA credit rating."
We are in the very best of hands. |
Agreed (For once) |
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| Groundhog Boy |
| quote: | Originally posted by OrangestO
No .
EDIT: the puppets, and the puppeteers. Our government is so blinded by its self serving self-interest that its run the country into an economic downfall. This is the first STEEP step in that climb down. Get ready, Americans. This has nothing to do with a president, and has everything to do with our government structure as a whole. Mide as well be on a field playing dodgeball with bags full of money. |
Yeah, good luck with that thought...it's going to be a big blame game. The Teabaggers will blame Obama for the Stimulus (40% tax cuts), TARP (a Bush program...that didn't lose money. I saw someone say this week that we "spent" $700 billion, when most has been paid back, with interest), and Obamacare that hasn't even been implemented yet.
The Dems will bitch about Wall Street (who paid back, with help from the low interest rates created by the government) and tax cuts that don't produce anything (true, have you seen all the jobs created by the Bush tax cuts?). |
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