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Oops US credit rating gets downgraded.
Oops US credit rating gets downgraded.
The rating agency's told the US government months ago that if they didn't cut at least 4 trillion that they would be downgraded. I guess the congress thought they were bluffing.
http://finance.yahoo.com/news/SampP-dow ... 20979.html
http://finance.yahoo.com/news/SampP-dow ... 20979.html
- nakatago
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The 24/7 news in the US has been hyping up the armageddon that a downgrade would introduce. Needless, it's hyperbole.
However, I did some further reading on this news. S&P is the same agency that said all those subprime mortgages before the recession were ok? And they downgraded the US's credit rating because it couldn't get its act together?
However, I did some further reading on this news. S&P is the same agency that said all those subprime mortgages before the recession were ok? And they downgraded the US's credit rating because it couldn't get its act together?
"A quokka is what would happen if there was an anime about kangaroos."
- sundaymorningstaple
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- nakatago
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You know what? I actually empathize with the GOP this time. I mean, they have to put up with those freshmen tea partiers. I felt sorry for John Boehner.JR8 wrote:Well there is no plan.
That's why S&P downgraded them.
p.s. Still, it's all the GOPs fault so that's ok lol
"A quokka is what would happen if there was an anime about kangaroos."
Ya I know. Those wacky tea partiers trying to get the US gov to spend within their means. What the heck is wrong with those not jobs? Don’t they know that Uncle Sam can print all the money that he wants?nakatago wrote:You know what? I actually empathize with the GOP this time. I mean, they have to put up with those freshmen tea partiers. I felt sorry for John Boehner.JR8 wrote:Well there is no plan.
That's why S&P downgraded them.
p.s. Still, it's all the GOPs fault so that's ok lol
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- Chatter
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Why not? It has been this way for years through good and bad. I don't see America following the footsteps of the Middle Eastern revolutions.I see a schism forming between the people and the politicians.
Its transparent when times are good, but no longer.
Right now you have the will of the people, and the politicians simply off doing their own thing. It cannot go on for ever like this.
Americans seem to have the constitution and patriotism held so deeply that they will only go so far as express their opinions without truly enforcing any accountability.
Bush stayed in for a second term almost purely because Americans will not vote out a President during a wartime situation. This despite the fact he was clearly clueless.
When will the people truly act as one against a government system they hold so dear?
Tigerslayer wrote:IBush stayed in for a second term almost purely because Americans will not vote out a President during a wartime situation. This despite the fact he was clearly clueless.
Oh yawn that's so schoolyard. I'm losing.... my will.. ... to ... ... .. live.....................
p.s. didn't you notice LBJ getting voted out?
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