The Conservative Cave

Current Events => Economics => Topic started by: bijou on August 05, 2011, 04:01:47 PM

Title: Govt official: US expecting S&P downgrade
Post by: bijou on August 05, 2011, 04:01:47 PM
Quote
A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value. ...
http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html
Title: Re: Govt official: US expecting S&P downgrade
Post by: RightCoast on August 05, 2011, 04:53:57 PM
Of course, it is what barack wants. Why bother with an election in 2012 when he'll be declaring Marshal Law after the riots start.   
Title: Re: Govt official: US expecting S&P downgrade
Post by: rich_t on August 05, 2011, 05:08:48 PM
I don't know that the current Joint Chief's would support a declaration of Martial Law from that asswipe.
Title: Re: Govt official: US expecting S&P downgrade
Post by: I_B_Perky on August 05, 2011, 06:25:07 PM
Quote
government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value. ...

Why wouldn't the Feds prepare? It's gonna happen... and it should. Until we got our spending under control and start paying off the national debt, it is the prudent thing to do..
Title: Re: Govt official: US expecting S&P downgrade
Post by: RightCoast on August 05, 2011, 08:11:06 PM
Why wouldn't the Feds prepare? It's gonna happen... and it should. Until we got our spending under control and start paying off the national debt, it is the prudent thing to do..

It did happen
Title: Re: Govt official: US expecting S&P downgrade
Post by: Rugnuts on August 05, 2011, 08:26:57 PM
we are now a splendid AA+
time to print money! :whistling:
Title: Re: Govt official: US expecting S&P downgrade
Post by: RightCoast on August 05, 2011, 08:31:48 PM
China's stock market tanked after this report came out

http://www.chinadaily.com.cn/hkedition/2011-08/06/content_13061691.htm