BREAKING: S&P downgrades US credit rating from AAA to AA+, first time in history

It is not the president who busts the budget, but the Congress. Blaming Reagan, Bush I, Bush II, Obama for spending the country into bankruptcy ignores the reality that it is Congress that holds the national purse strings. Moreover, the partisan "it's the Republicans, no the Democrats" argument seems to me to disregard an important fact:

Neither party has a history of fiscal conservatism.

one side has a recent history better then the other...And congress holds the Purse...but the President has a strong impact on what goes in the purse and can veto the purse if he wants....
 
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This is actually a pretty good read on the debt crisis issue.

America's political leaders are paralyzed. The government is reeling from debt. Corrupt bankers foreclose on people's homes as a brutal recession sweeps the land.

We're talking, of course, about the great debt standoff of 1786: Shays' Rebellion.

It is an interesting historical take on dealing with these issues in the past.
 
This is actually a pretty good read on the debt crisis issue.

It is an interesting historical take on dealing with these issues in the past.

Yes, an interesting take. So the two parties have to get down and dirty until one of them beats the other down. I think they have been trying that for a few years now and it seems to be oscillating.

This is a girls perceptive twitter on the rating:
"The rating is AA. Yeaaa. Now it's the same as my bra size."
 
Ratings History:
Egan-Jones rating history for United States (Govt of).
9.14.12 AA to AA (-)
4.15.12 AA+ to AA (Negative outlook)
7.16.11 AAA to AA+
 
Ratings History:
Egan-Jones rating history for United States (Govt of).
9.14.12 AA to AA (-)
4.15.12 AA+ to AA (Negative outlook)
7.16.11 AAA to AA+
Is there any question that Obama built this?

Yet all the polls are showing Obama up today .....
MSM reporting Americans are increasing pleased with the direction this Country is being taken!
 
"The firm claims the Fed’s open-ended, unlimited QE3 will drive down the value of the dollar, raise commodity prices, and do nothing to increase GDP."

The idea here is that QE3 will be used to increase the money available for lending and to lower interest rates for small businesses. This is the third time this has been done and it failed two other times prior.

The reality is that small businesses who have the credit rating to receive these loans are not borrowing nor expanding because of the fear of our skinny socialist in chief in the White House.

We have a socialist/communist administration that is hell bent on taxing and regulating all small businesses out of business and small business owners who did build their businesses know this and are scared to death to make any moves as long as Obama and his communist minions are in power.

So, look for another downgrade under the policies of B. Hussein Obama!
 
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