BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1917

Little-Acorn

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Well, well. Looks like the major credit-rating firms say we didn't fix the right problem.

They've actually been saying that for quite a while. We just didn't listen.

Tell me again, what this vaunted Budget Deal has accomplished?

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http://www.bloomberg.com/news/2011-...ngrade-on-debt-economic-slowdown-concern.html

U.S. Faces First Downgrade on Debt, Slowdown: Moody’s

by John Detrixhe - Aug 2, 2011 2:57 PM PT

Moody’s Investors Service said the U.S. credit rating may be downgraded for the first time on concern that fiscal discipline may ease, further debt reduction measures won’t be adopted and the economy may weaken.

The U.S., rated Aaa since 1917, was placed on negative outlook, New York-based Moody’s said in a statement today as it confirmed the rating. Moody’s warned on July 29 a negative outlook was “more likely” as lawmakers reduced the size of spending cuts being negotiated to win approval on a plan to lift the nation’s borrowing limit.

JPMorgan Chase & Co. estimated that a downgrade would raise the nation’s borrowing costs by $100 billion a year. It could also hurt the rest of the U.S. economy by increasing the cost of mortgages, auto loans and other types of lending tied to the interest rates paid on Treasuries.

“A downgrade is a sign that Congress is failing to address a real fiscal issue,” Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC in Philadelphia, said in an interview before the announcement.

Standard & Poor’s put the U.S. government on notice on April 18 that it risks losing its AAA rating unless lawmakers agree on a plan by 2013 to reduce budget deficits and the national debt. Fitch Ratings said today the U.S. is under a review as the nation’s debt burden increases at a pace that isn’t consistent with an AAA sovereign credit rating.

An increase in Treasury yields of 50 basis points would reduce U.S. economic growth by about 0.4 percentage points, JPMorgan said in a report, citing Federal Reserve research and data.

S&P had indicated that anything less than $4 trillion in cuts would jeopardize the U.S.’s AAA rating.


(Full text of the article can be read at the above URL)
 
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steveox

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Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

BLAME THE DEMOCRATS!! Blame LBJ allowing Blacks to vote. Lets face it blacks are the stupidest breed of humans on earth. Look at Africa for example. Why are those people starving anmd going hungry? Cause theyre just too damn lazy and stupid to learn farming and grow food. Theyre , too damn lazy and stupid to learn how to develop a fishing business. And now you allow these people to vote. Just like Liberals made it easy for Blacks to graduate from high school by taking away a requirement to speak a foreign language cause they cant speak French,Spanish or German properly. So if you want America be strong and smart again then CHANGE VOTING LAWS!


1. You must have an High School dimploma, Active Military service or Employed in order to vote.

2. If youre on welfare,Food Stamps or reciving any government programs you cant vote

3. You must speak and read english

4. Exceptions above only apply to seniors and the Handicapped
 

Little-Acorn

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Messages
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Location
San Diego, CA
Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

BLAME THE DEMOCRATS!! Blame LBJ allowing Blacks to vote. Lets face it blacks are the stupidest breed of humans on earth. Look at Africa for example. Why are those people starving anmd going hungry? Cause theyre just too damn lazy and stupid to learn farming and grow food. Theyre , too damn lazy and stupid to learn how to develop a fishing business. And now you allow these people to vote. Just like Liberals made it easy for Blacks to graduate from high school by taking away a requirement to speak a foreign language cause they cant speak French,Spanish or German properly. So if you want America be strong and smart again then CHANGE VOTING LAWS!


1. You must have an High School dimploma, Active Military service or Employed in order to vote.

2. If youre on welfare,Food Stamps or reciving any government programs you cant vote

3. You must speak and read english

4. Exceptions above only apply to seniors and the Handicapped

You're pretty sick.

My sympathies.
 

steveox

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Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

Why you think these people starving in Africa? They too damn lazy to learn how to raise cattle,Pigs,Chicken and grow food.I say Stop giving AID to africa make them learn to stand on their own two feet.Theyre plenty of Animals they can hunt in Africa. All theyre asking the world is money and food. Stop giving them handouts and theryre learn to live.Look at Somalia,,These people Rather to become pirates steal from other nations. The Army should treat these people like criminals,,Like cops treat shoplifters at Wal Mart.
 

Openmind

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Currently Belgium
Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

Why you think these people starving in Africa? They too damn lazy to learn how to raise cattle,Pigs,Chicken and grow food.I say Stop giving AID to africa make them learn to stand on their own two feet.Theyre plenty of Animals they can hunt in Africa. All theyre asking the world is money and food. Stop giving them handouts and theryre learn to live.Look at Somalia,,These people Rather to become pirates steal from other nations. The Army should treat these people like criminals,,Like cops treat shoplifters at Wal Mart.


Your ignorance and lack of sensitivity is amazing!

What a great human being!
 

steveox

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Joined
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Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

Its because i think people can do better on their own.
 

dogtowner

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Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

Tell me again, what this vaunted Budget Deal has accomplished?


A new credit card to max until they realize its a stolen one. The agencies told them to take serious action, they didn't and they will pay the price and just in time for the double dip !
 

ProudLefty

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Messages
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Re: BREAKING: Moody's places US credit rating on "Negative Outlook", 1st time since 1

Good grief, and this is what we get because John Boehner "got 98% of what I wanted."

Great win there, Mr Boehner. Sure something to be proud of, eh? Great line in your obituary: "While Speaker of the House, the deceased brougt about the destruction of America's middle class, a point in which Mr. Boehner took immense pride."
 
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