S&P lowers USA credit rating

Homepage Forums Global Awareness S&P lowers USA credit rating

0
Avatar of SomethingWitty
SomethingWitty (@mynameisjosh)    2 years, 11 months ago

Has everyone heard about this?

http://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html

How in the hell can anybody take a credit report that overestimates debt by $2 trillion dollars seriously? I think that this whole thing is an insane, entirely political move by a small group of billionaires.

What do they want you ask?

They want to see cuts to ‘entitlement’ programs like medicare. Maybe we could continue funding it with the 2 trillion these so-called ‘analysts’ seemed to have misplaced…?

I’m so g-d sick of people who think of their pocketbooks before anything else.

America is truly, truly messed up.

0 votes, posted 08.06.2011 at 3:09 am
+

You must be logged in to reply to this topic.

Avatar of Jordan
Jordan (@greenfield)2 years, 11 months ago ago

What now?

+
Avatar of paul_g
paul_g (@paulg)2 years, 11 months ago ago

now vulture time could start.. (e.g., china’s dagong had paralleled that move). and whenever OPEC will switch to bill its oil in say, renminbi, or a currency mixture, your whole country’s gonna tumble down.. and yeah, i agree, rating agencies are purely means of doing politics. but that doesn’t change the fact that all western countries are neck-deep in trouble — someone (i believe syn) recently posted this: http://www.usdebtclock.org/world-debt-clock.html , and i guess it says it all. btw, welcome back jordan! <3 :)

+
Avatar of Syn.Ther.
Syn.Ther. (@luna)2 years, 11 months ago ago

http://news.xinhuanet.com/english2010/indepth/2011-08/06/c_131032986.htm

take a look at the mood of the biggest player in this game, … lots of leverage how will that play out…

+
Avatar of t-rav
t-rav (@travis)2 years, 11 months ago ago

hey guys just ran across this, thought it was interesting.

http://crfb.org/stabilizethedebt/#

+
Avatar of Matt P
Matt P (@mkp843)2 years, 11 months ago ago

@Paul would you mind elaborating on what you mean by ‘vulture time’ and why exactly the ‘whole country’s gonna tumble down’. This issue scares me because I’ve heard the statements before .. and living in USA it is alarming to me.

I was under the impression that if the USA starts to sink, it’s going to take a large part of the world with it..

+