You will get your wish Bachmann....lower rating

[JimH52]

Debt downgrade looms larger for US - Business - Eye on the Economy - msnbc.com

Thanks Michelle. You and the rest of your tea bagger children have now assured a lower credit rating for the US. Interest rates go up, Jobs will be harder to find, and the Dollar will lose value.

But you keep preaching to your bagger brother and sisters that there is noting to fear. YOU ARE A LOON, BACHMANN!

 

[Avatar4321]

Why exactly are you criticizing the people who want to fix the problem, IE pay off the debt when you support non-stop spending?

 

[hellofromwarsaw]

Actually, Dems are for 4 trillion in cuts, FINALLY getting controls on health spending, and filling loopholes in corporate taxes, getting the BLOATED rich to pay a bit more- while Pubs electioneer, lie, and hold the country's economy hostage to bull shytte, greed, and blind ambition...jfc.

 

[waltky]

AAA credit rating safe for now...

Moody's affirms AAA rating, lowers outlook
August 2, 2011: Credit rating agency Moody's said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to "negative."

A "negative outlook" indicates the possibility that Moody's would downgrade the country's sovereign credit rating within a year or two. The rating agency, which had placed U.S. debt rating on review for a possible downgrade last month, said the political deal to raise the debt ceiling has now "virtually eliminated the risk of such a default." Even with the risk of default gone, Moody's said lawmakers need to take additional steps -- and keep to their promises.

The second round of spending cuts included in the debt ceiling deal need to be enacted, Moody's said, while expressing skepticism about the effectiveness of the so-called trigger mechanism. "Should the new mechanism put in place by the Budget Control Act prove ineffective, this could affect the rating negatively," Moody's said in a statement. And the United States should lower its debt-to-GDP ratio. Moody's said it expects to see debt stabilize at 73% of GDP by the middle of the decade and then decline.

And interest rates must remain under control. If borrowing costs for the U.S. government spike beyond expectations, that would "also be negative" for the rating. The United States enjoys its AAA rating in part for having always stood behind its debt and paid its bills on time. As a result, U.S. Treasury bonds are considered the world's safe-haven investment. Rating agencies -- Standard & Poor's, Moody's and Fitch -- analyze risk and give debt a "grade" that reflects the borrower's ability to pay the underlying loans.

The safest bets are stamped AAA. That's where U.S. debt has stood for years. Moody's first assigned the United States a AAA rating in 1917. The move by Moody's comes after an ugly debate in Washington over whether to raise the country's $14.3 billion debt ceiling. Congress reached an agreement on Sunday, as the Treasury Department was days away from reaching its borrowing limit. President Obama signed the eleventh-hour bill Tuesday. S&P has yet to weigh in on the debt ceiling deal.

Source

 

[Remodeling Maidiac]

Desperation is blaming someone who neither racked up this debt nor demanded this debt.

Ps. Our debt is the reason for a down grade. Just like a child that breaks his siblings toy when he was the only one in the room when it was broken.

Topic is fail.

 

[007]

Debt downgrade looms larger for US - Business - Eye on the Economy - msnbc.com

Thanks Michelle. You and the rest of your tea bagger children have now assured a lower credit rating for the US. Interest rates go up, Jobs will be harder to find, and the Dollar will lose value.

But you keep preaching to your bagger brother and sisters that there is noting to fear. YOU ARE A LOON, BACHMANN!

There ya go... keep up the spending shit for brains... and it won't be much longer and we'll be Greece... which by the way, now, is coming.

So it isn't Bachman that's gotten her way MORON, it's your fucking SPEND, SPEND, SPEND LIKE THE WIND radical left.

Eat shit and die mother fucker.

 

[The Infidel]

[ame=http://www.youtube.com/watch?v=NJ6xBaZ92uA]‪hamburger‬‏ - YouTube[/ame]

 

[JoeB131]

AAA credit rating safe for now...

Moody's affirms AAA rating, lowers outlook
August 2, 2011: Credit rating agency Moody's said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to "negative."

The safest bets are stamped AAA. That's where U.S. debt has stood for years. Moody's first assigned the United States a AAA rating in 1917. The move by Moody's comes after an ugly debate in Washington over whether to raise the country's $14.3 billion debt ceiling. Congress reached an agreement on Sunday, as the Treasury Department was days away from reaching its borrowing limit. President Obama signed the eleventh-hour bill Tuesday. S&P has yet to weigh in on the debt ceiling deal.

Source

Standard and Poors is the one you have to watch, though. They are the ones likely to downgrade to AA instead of AAA.

Which may not be the horrid thing people are claiming it is. Japan was downgraded to AA back in the 1990's, and all the horrid results that people claimed were going to happen, didn't.

Our real problem is not necessarily what we are spending, but what we are bleeding. We've had trade deficits of 500 Billion a year since the 1970's, and that is when we started experiencing debt problems. The whole national debt in 1976- the Bicentenial was 600 Billion dollars. That's the debt for two world wars, space program, Great Society, New Deal, Interstate highway system, and so on. As long as we were bringing in money through international trade, by being a manufacturer of finished goods, we had enough good money to lubricate a fine-tuned machine.

Today, manufacturing is fleeing because it's easier to open a factory in China or Mexico, and even that customer service job can be outsourced to India or the Philippines. Until we get a handle on that, we're in trouble But neither party wants to talk about that. Hell, they want to sign MORE free trade agreements. Lets sign these new treaties with Columbia and South Korea. Oh, wait, let's also set aside some money to retrain the people who will lose their jobs when we do!

Hey, if people are going to lose their jobs if you sign a treaty, don't sign the effin' treaty!!!!

 

[Warrior102]

Debt downgrade looms larger for US - Business - Eye on the Economy - msnbc.com

Thanks Michelle. You and the rest of your tea bagger children have now assured a lower credit rating for the US. Interest rates go up, Jobs will be harder to find, and the Dollar will lose value.

But you keep preaching to your bagger brother and sisters that there is noting to fear. YOU ARE A LOON, BACHMANN!

Why are you criticizing Bachmann for this ? Is Obama not available/vacationing/golfing ?