S&P downgrades US credit rating

[Big Wall]

S&P has downgraded the US credit rating from AAA to AA+. Granted they are only 1 of the 3 major credit rating agencies, but it is not a good sign. Hopefully this will get the government moving on a balanced budget amendment to the constitution.

[clublights]

thought it was AA+

[Big Wall]

You're absolutely correct. I fixed my post.

This downgrade may amount to nothing economically but should be a hammer blow to Obama.

[clublights]

I think it's all gunna be smoke and mirrors.

I think the S&P did it purely politically motivated.

[sniper7]

Doubt things will change much. I would love to see things turn around where the .gov could put money into reserves and not spend more than they bring in.

[hollohas]

The Bama administration is going to let this slide by without trying to capitalizing on it...they are blaming it on the Tea Party.