Merged Credit downgrade threads

Neotrotsky

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CNBC: Papa Obama and the Left's policies might cause S&P Downgrade

US Government Bracing for ‘Imminent’ Downgrade: CNBC

Kate Kelly just reported on CNBC that the government is bracing for an S&P downgrade, possibly as soon as today.​
Stock-market futures aren’t budging on this report, but the 10-year Treasury note’s yield is up to 2.57% from a close at 2.52% 2.55%.

merge with existing threads on topic
 
Yay dimocrats.

They have been warning them for some time
Back in April after Papa Obama releases his radical budget
with no cuts but plenty of spending and more deficits

You know the one that even the Senate voted down
97 to 0 in May
because of it being so radical and the bad S&P report


April 19, 2011: 8:20 AM ET
U.S. credit rating outlook lowered by S&P

NEW YORK (CNNMoney) -- The United States is at risk of having its pristine credit rating lowered if politicians in Washington cannot agree on a plan to bring down the nation's deficits over the long term, ratings agency Standard & Poor's said Monday.

S&P, one of the three main agencies that rate the ability of companies and sovereign nations to repay their debts, lowered its outlook for America's long-term credit rating to "negative" from "stable."
 
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We have a bleak future for sure. They did nothing to address our Debt Nightmare. Another horrible collapse is coming.
 
The burden of Papa ObamaCare should be taken
off the backs of the people and businesses so
the economy could grow more

But, being a faux legacy for Papa Obama
the Left will fight it

"Pride goeth before destruction, and an haughty spirit before a fall"
 
CNBC: Papa Obama and the Left's policies might cause S&P Downgrade

US Government Bracing for ‘Imminent’ Downgrade: CNBC

Kate Kelly just reported on CNBC that the government is bracing for an S&P downgrade, possibly as soon as today.​
Stock-market futures aren’t budging on this report, but the 10-year Treasury note’s yield is up to 2.57% from a close at 2.52% 2.55%.​

I have read some stories on this earlier today. The democrats are already lining up the excuses to use against the TEA PARTY.
 
Reuter's just reporting that S&P has downgraded U.S. credit rating!!!! Way to go Obama!!!!

U.S. Expecting To Be Downgraded By Standard And Poor's: ABC Report [UPDATE]

full-auto-albums-obama-care-picture3731-110429-obamanomics-rgb20110429095237.jpg


Almost forgot. Damn tea party and there fiscal discipline ideas.
 
If this is true... WAY TO GO OBAMA!

Should have taken the Tea Part Budget that balanced the budget in 5 years with a surplus!
 
US government loses triple-A credit rating - Business - Stocks & economy - msnbc.com

WASHINGTON — The United States lost its top-notch AAA credit rating from Standard & Poor's Friday, in a dramatic reversal of fortune for the world's largest economy.
S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

U.S. Treasuries, once undisputedly seen as the safest investment in the world, are now rated lower than bonds issued by countries such as the United Kingdom, Germany, France or Canada.

The outlook on the new U.S. credit rating is negative, S&P said in a statement, a sign that another downgrade is possible in the next 12 to 18 months.

U.S. government officials had been bracing for a downgrade.

CNBC's John Harwood reported that S&P told the federal government at 1:30 p.m. ET Friday that it was preparing to downgrade the country's rating. But Harwood reported that after U.S. officials pointed out an error in how S&P computed the ratio of U.S. debt to the gross domestic product, S&P decided to reconsider.

A source said S&P's calculations were off by "trillions," CNBC reported.

The earlier reports said the main reasons likely to be cited for a U.S. downgrade by S&P included political confusion surrounding the process of hiking the debt limit and doubt that agreement would be reached on more deficit reductions.
 
Wait until the cookie crumbles...

That little tyrant will be claiming Martial Law and declaring himself dictator indeterminately.
 

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