Fitch: 'AAA' rating in jeopardy

Discussion in 'Economy' started by Modbert, Jul 18, 2011.

  1. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Fitch: 'AAA' rating in jeopardy - Jennifer Epstein - POLITICO.com

    [ame=http://www.youtube.com/watch?v=MYiahoYfPGk]‪Time - Pink Floyd + Lyrics‬‏ - YouTube[/ame]
     
  2. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    82,349
    Thanks Received:
    15,102
    Trophy Points:
    2,210
    Ratings:
    +38,658
    Great logic by Fitch, it's not Obama annual Trillion deficit that the problem, its the debt ceiling. So if we raise it to $1,000,000 Trillion bazillion, we'll get a AAAAAAAAAA credit rating.
     
  3. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,462
    Thanks Received:
    253
    Trophy Points:
    98
    Ratings:
    +254
    The more we're in debt the better the credit rating. So the reason Obama opposed raising the debt ceiling in '06 was that he wanted to tank America's credit rating.
     
  4. WillowTree
    Online

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,949
    Thanks Received:
    10,365
    Trophy Points:
    2,030
    Ratings:
    +15,807
    As usual, fear mongering.. screw that, don't raise the debt ceiling, quit spending so frackin much. How simple is that concept to understand.
     
    • Thank You! Thank You! x 1
  5. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    42,372
    Thanks Received:
    12,935
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +23,716
    As usual, the ratings agencies are way behind the curve. The U.S. should have been put on notice when the 2009 deficit exceeded $1T and lacked a budget (now for over two years).

    40% of this year's spending is being funded with debt. Debt for CONSUMPTION. It's insane.
     
    • Thank You! Thank You! x 2
  6. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,196

    True. I'd rep ya but I can't.
     
    • Thank You! Thank You! x 1
  7. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,645
    Thanks Received:
    724
    Trophy Points:
    175
    Ratings:
    +1,849
    I could and did. I hate to point this out but the US could end up AA- and be the highest rated developed or developing nation in the world within two years.
     
  8. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    OMG--exactly who is going to charge the US higher interest rates ? Warren Buffet ?
     
  9. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    42,372
    Thanks Received:
    12,935
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +23,716
    China.
     
  10. percysunshine
    Offline

    percysunshine Gold Member

    Joined:
    Feb 5, 2011
    Messages:
    17,261
    Thanks Received:
    2,314
    Trophy Points:
    280
    Location:
    Sty
    Ratings:
    +6,497
    My dingo could figure it out. But he is Austrailian, and under 35 in dog years.
     

Share This Page