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.

[nynco]

Well the Tea Party did it, they crashed the market through their insanity. Good job... party over country

[UberTong]

Well the Tea Party did it, they crashed the market through their insanity. Good job... party over country

Dude I knew it was coming. I've steered clear of 'jumping on you' for a while, but you deserve it on this one. You lecture all of us about regurgitating what is heard on "Feaux news" , but here you are Mr. John Kerry doing the same shit. Get bent dude. Yep nynco, it was the tea party and bush and and and and and...gtfo.

[sneakerd]

Yeah- it's all the Tea Parties fault, for demanding reduced spending and fighting the lifting of the debt ceiling. It has absolutely nothing to do with the damn Democrats. It's actually all Bush's fault.

[Graves]

Don't feed the troll uber.