Fitch: 'AAA' rating in jeopardy

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

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    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
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    CrusaderFrank Diamond Member

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    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
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    expat_panama Gold Member

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    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
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    WillowTree Diamond Member

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    As usual, fear mongering.. screw that, don't raise the debt ceiling, quit spending so frackin much. How simple is that concept to understand.
     
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  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    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.
     
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  6. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    True. I'd rep ya but I can't.
     
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  7. william the wie
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    william the wie Gold Member

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    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
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    dilloduck Diamond Member

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    OMG--exactly who is going to charge the US higher interest rates ? Warren Buffet ?
     
  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    China.
     
  10. percysunshine
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    percysunshine Gold Member

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    My dingo could figure it out. But he is Austrailian, and under 35 in dog years.
     

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