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Author Topic: Govt official: US expecting S&P downgrade  (Read 1190 times)

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Offline bijou

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Govt official: US expecting S&P downgrade
« on: August 05, 2011, 04:01:47 PM »
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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
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Offline RightCoast

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Re: Govt official: US expecting S&P downgrade
« Reply #1 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.   
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Offline rich_t

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Re: Govt official: US expecting S&P downgrade
« Reply #2 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.
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Offline I_B_Perky

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Re: Govt official: US expecting S&P downgrade
« Reply #3 on: August 05, 2011, 06:25:07 PM »
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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..
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Offline RightCoast

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Re: Govt official: US expecting S&P downgrade
« Reply #4 on: August 05, 2011, 08:11:06 PM »
Quote from: I_B_Perky on August 05, 2011, 06:25:07 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
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Offline Rugnuts

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Re: Govt official: US expecting S&P downgrade
« Reply #5 on: August 05, 2011, 08:26:57 PM »
we are now a splendid AA+
time to print money! :whistling:
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Offline RightCoast

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Re: Govt official: US expecting S&P downgrade
« Reply #6 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
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