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Thread: S&P Affirms US AAA Rating, Cuts Outlook to Negative

  1. #1
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    Default S&P Affirms US AAA Rating, Cuts Outlook to Negative

    http://www.cnbc.com/id/42643384

    http://tinyurl.com/3fh6mc7

    Published: Monday, 18 Apr 2011 | 9:35 AM ET

    Standard & Poor's on Monday downgraded the outlook for the United States to negative, saying it believes there's a risk U.S. policymakers may not reach agreement on how to address the country's long-term fiscal pressures.

    "Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable," the agency said in a statement.

    -more-

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    Senior Member troy schwab's Avatar
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    At least one organization realizes how bad of a hole we are in..........

    We cant possibly be shocked by this.....
    SHR Presque Isle Jaeger Schwab JH (driving the bus)

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    Senior Member road kill's Avatar
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    If only the "RICH" would pay more taxes!!!
    This would all be solved!!


    RK
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    Senior Member Buzz's Avatar
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    That's what happens when you spend 30 years increasing spending and decreasing taxes. Democrats are tax & spend, Republicans are borrow and spend. And so the saga continues...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

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    Senior Member M&K's Retrievers's Avatar
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    Quote Originally Posted by Buzz View Post
    That's what happens when you spend 30 years increasing spending and decreasing taxes. Democrats are tax & spend, Republicans are borrow and spend. And so the saga continues...
    You are saying the Democrats don't borrow??
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    Senior Member Buzz's Avatar
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    Quote Originally Posted by M&K's Retrievers View Post
    You are saying the Democrats don't borrow??
    Nope. I'm saying that the Republicans have pretty much had their way for the last 30 years, and predictably, here we are...
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

    Raven - Moneybird's Black Magic Marker***
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    Peerless - Moneybird's Sole Survivor
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    Senior Member troy schwab's Avatar
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    Quote Originally Posted by Buzz View Post
    That's what happens when you spend 30 years increasing spending. Democrats are tax & spend, Republicans are borrow and spend. And so the saga continues...
    There you go Buzz...... fixed it for ya.
    SHR Presque Isle Jaeger Schwab JH (driving the bus)

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    Senior Member Goose's Avatar
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    Time for Barack to start another war somewhere. Keynesians love war.

    We live in Cuba now.

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    Senior Member M&K's Retrievers's Avatar
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    Quote Originally Posted by Buzz View Post
    Nope. I'm saying that the Republicans have pretty much had their way for the last 30 years, and predictably, here we are...
    Presidency, yes. Congress, I don't think so, Tim.

    Tool Time regards,
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    Senior Member TxHillHunter's Avatar
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    Quote Originally Posted by Buzz View Post
    Nope. I'm saying that the Republicans have pretty much had their way for the last 30 years, and predictably, here we are...
    Using this logic:

    If Republicans have truly "had their way for the last 30 years", a period which saw presidents and congress swing in both directions....why in the world would you vote for a democrat ever again? Not only are they not at fault, but when they are elected, they are completely incompetent!


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